DKNG — DraftKings Inc. - Class A Common Stock
Session close: $18.51. Regular-session share volume: 61,966,369. Change from previous close: -21.30%.
Key developments
DraftKings reported third-quarter results that missed revenue and earnings expectations and cut its full-year revenue guidance below consensus. The company is sharply increasing investment in its Predictions offering, which management said is driving payer and volume growth and is expected to contribute meaningfully to revenue next year while reducing the investment thereafter. BofA Securities lowered its price target following the results and the increased prediction-market spending, citing near-term profitability concerns.
Company news BofA Securities Lowers DraftKings Price Target to $23 · Company news DraftKings Q3 2026 Earnings Call Transcript · Company news DraftKings Stock Plunges After Double Miss, Full-Year Guidance Cut
On the earnings call, management highlighted strong core Sportsbook and iGaming performance, high retention among Predictions customers, a payback period below target, and a strong cash position expected to support significant free cash flow. Analysts noted the expanding exchange business offers a potential growth driver, though legal uncertainty remains.
Company news DraftKings Q3 2026 Earnings Call Transcript · Company news DraftKings Is All-In on Predictions. The Stock Is Still Being Punished.
News sources
Company news DraftKings Shares Plunge as BofA Cites Prediction Business Spending For 2027 Expectations Reset · Company news BofA Securities Lowers DraftKings Price Target to $23 · Company news DraftKings Investors Disappointed by Prediction Market Investment, BofA Says · Company news DraftKings Q3 2026 Earnings Call Transcript · Company news DraftKings Stock Plunges After Double Miss, Full-Year Guidance Cut · Company news DraftKings Posts Downbeat Q3 Results, Joins Atlassian, Natera And Other Big Stocks Moving Lower In Friday’s Pre-Market Session · Company news DraftKings Is All-In on Predictions. The Stock Is Still Being Punished. · Company news DraftKings (NASDAQ:DKNG) misses Q3 2026 revenue estimates, stock drops 23% · Company news DraftKings (DKNG) Reports Q3 Earnings: What Key Metrics Have to Say · Company news DraftKings Plunges on 2027 Forecast That Misses Estimates · Company news DraftKings (DKNG) Reports Q3 Loss, Misses Revenue Estimates · Market context — Mentions DKNG in the article text. Nasdaq 100 Rebounds 2% After Worst Day Since 2020, Payrolls Smash Estimates: Stock Market Today · Market context — Mentions DKNG in the article text. 12 Consumer Discretionary Stocks Moving In Friday's Intraday Session · Market context — Mentions DKNG in the article text. Unusual Options Volume Report: 3 Stocks Moving After Earnings · Market context — Mentions DKNG in the article text. 12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session · Market context — Mentions DKNG in the article text. Why Cloudflare Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket · Company mentioned — Mentions DKNG in the article text. Gold Falls 1%; Charter Communications Shares Fall After Q3 Results