DraftKings turns profitable as prediction markets become key growth strategy

DraftKings entered 2026 with the kind of earnings report investors have long been waiting for, signaling that years of aggressive expansion are beginning to translate into sustained profitability. The Boston-based sportsbook and online gaming operator reported $1.65 billion in first-quarter revenue on Thursday, a 17% increase from the same period last year. Improved sportsbook margins and steady customer engagement helped the company post a $21 million profit, reversing a loss recorded a year ea