โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $1.329B (+16% YoY)
โข Monthly Unique Payers: 4.1M (+13% YoY)
โข Average Revenue per Monthly Unique Payer: $109 (+3% YoY)
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
๐ ๐๐๐๐๐ (๐๐ฉ๐๐๐ญ๐๐)
โข Revenue: $6.35Bโ$6.55B
โข Adjusted EBITDA: $175Mโ$275M
โข Core Adjusted EBITDA: $875Mโ$925M
โข Predictions Adjusted EBITDA Investment: $650Mโ$700M
โข Q4 Predictions Investment: $175Mโ$225M
๐ ๐๐๐๐๐ (๐๐ง๐ข๐ญ๐ข๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค)
โข Revenue: $7.35Bโ$7.75B (+17% YoY at midpoint)
โข Adjusted EBITDA: $800Mโ$1.0B
โข Core Revenue: $6.7Bโ$7.0B
โข Core Adjusted EBITDA: $1.15Bโ$1.25B
โข Predictions Revenue: $650Mโ$750M
โข Predictions Adjusted EBITDA Investment: $250Mโ$350M
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข More than 1.6M customers engaged with Predictions year-to-date
โข Higher Sportsbook net revenue margin and customer engagement drove Q3 growth
โข Predictions revenue expected to be immaterial in FY26 as promotions offset most gross revenue
โข FY27 Predictions revenue targeted at ~$700M, with ~$300M in adjusted EBITDA investment at midpoint
โข Core business expected to generate $1.15Bโ$1.25B in adjusted EBITDA in 2027
โข FY26 outlook reflects heavier Predictions investment, additional iGaming spending and customer-friendly sports outcomes
โข Sportsbook operates in 27 U.S. states plus D.C. and Puerto Rico, covering ~53% of the U.S. population
โข iGaming operates in five U.S. states, covering ~11% of the population
โข FY27 guidance implies substantial consolidated EBITDA improvement despite continued Predictions losses
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โMore than 1.6 million customers have engaged with Predictions year-to-date, and combined with the strength of our core, we believe we are set up for an exceptional 2027.โ - CEO Jason Robins