predictions market

DraftKings (DKNG) reported Q1 2026 results with revenue of $1.6 billion, up 17% year-over-year, and adjusted EBITDA of $168 million, up 64%. Sportsbook revenue rose 24% to $1.1 billion with net revenue margin up 140 basis points to 7.8%. Parlay handle mix grew nearly 300 basis points. Adjusted gross margins increased nearly 200 basis points. The company repurchased nearly $100 million in stock and achieved positive net income for the second straight quarter.