Q2 Earnings
5 articles tagged "Q2 Earnings".
DraftKings Takes on Prediction Rivals as Q2 Earnings Show a Business in Transition
DraftKings reported mixed Q2 results as CEO Jason Robins used a CNBC appearance to attack prediction-market rivals Kalshi and Polymarket, touting the company's DKeX exchange and NFL-season growth plans. Revenue fell to $1.44 billion while predictions engagement hit 600,000 customers.
PENN's Q2 Revenue Rises to $1.86B as Interactive Loss Narrows
PENN Entertainment reported Q2 revenue of $1.86B, up from $1.31B a year ago, and swung to a net income of $32.6M. The Interactive segment's adjusted EBITDA loss narrowed to $9.5M, while retail revenue reached a record.
DraftKings Holds FY26 Guidance as Q2 Profit Slips and Predictions Takes Center Stage
DraftKings reported a Q2 net loss and lower revenue on customer-friendly results and promotional spending, but maintained its FY2026 guidance while CEO Jason Robins highlighted faster-than-expected growth in Predictions and argued it will not cannibalize the core sportsbook.
Flutter CEO Jackson to Step Down as Prediction-Market Pressure Mounts
Flutter CEO Peter Jackson will step down at the end of September as the FanDuel parent grapples with a plunging share price, weak US results, and rapid growth in prediction markets; Dan Taylor will take over on 1 October.
Sportradar maps prediction-market growth while flagging regulatory drag
Sportradar detailed its Kalshi and Polymarket prediction-market deals during its Q2 earnings call, but said regulatory ambiguity and league approval delays will push significant revenue into 2027. The company also faces an intensifying US legal fight over prediction markets and lingering short-seller allegations.