DraftKings is trading at $18.56 (-21.09%) in pre-market after Q3 earnings and guidance misses.
- In its November 5 Q3 report, the adjusted loss was $0.53 per share, while $1.329 billion in revenue missed analyst estimates.
- DraftKings lowered its 2026 outlook, citing increased investment in Predictions. Its 2027 adjusted EBITDA outlook of $800 million to $1.0 billion also fell short of analysts’ average estimate.
- The supplied sector rally does not explain the decline.