About DraftKings Inc. - Class A Common Stock (DKNG)
DraftKings Inc. is a leader in the digital sports entertainment and gaming industry, providing a platform for users to engage in fantasy sports and sports betting. The company offers a variety of products, allowing sports fans to participate in daily and season-long fantasy competitions, as well as wagering on live sporting events across various platforms. Through its innovative technology and user-friendly interface, DraftKings aims to enhance the sports viewing experience, offering a range of options for entertainment, engagement, and wagering in a regulated environment. The company continues to expand its offerings and market presence as the gaming landscape evolves. Read More
A number of stocks fell in the afternoon session after the broader U.S. stock market declined amid investor caution and a pullback in technology stocks.
Nevada is one of the five U.S. states that have told gambling operators they are in danger of losing their licenses if they expand into prediction markets.
DraftKings’ third-quarter performance was influenced by unusual swings in sports outcomes, which management described as having a pronounced impact on revenue. While underlying customer engagement and product usage remained healthy, CEO Jason Robins acknowledged that customer-friendly results in several NFL games reduced top-line growth. Robins stated, “In September and October, customer-friendly sport outcomes impacted our revenue by more than $300 million as just a handful of NFL games had a pronounced effect.” Despite these headwinds, management pointed to ongoing product enhancements and partnerships as supporting continued customer activity.
Shares of sports-focused firms declined on Wednesday, November 12. after-hours session following a New York State bill seeking to ban sports-related prediction markets for residents.
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG)
jumped 1.9% in the morning session after a company director, Harry Sloan, disclosed a significant purchase of company stock valued at $757,500. The transaction involved 25,000 shares bought at a weighted average price of $30.30. Such a substantial purchase by an insider was often viewed by investors as a signal of confidence in the company's future prospects. Following the purchase, Sloan's direct ownership in DraftKings increased to 249,712 shares. Adding to the positive sentiment, analysts at Stifel Nicolaus reiterated their "buy" rating on the stock. However, the firm did lower its price objective to $46.00 from a previous target of $50.00.
A recent nationwide survey, commissioned by Kalshi (CFTC: KLS), a regulated prediction market exchange, has unveiled robust bipartisan support for prediction markets in the U.S., carrying immediate and significant implications for their future, particularly in commodity price forecasting. The findings suggest a growing public acceptance of these innovative financial
Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of the markets revenue expectations in Q3 CY2025 as sales rose 4.4% year on year to $1.14 billion. The company’s full-year revenue guidance of $6 billion at the midpoint came in 3.1% below analysts’ estimates. Its non-GAAP loss of $0.26 per share was in line with analysts’ consensus estimates.
Risk-off sentiment dominated Wall Street on Friday, with selling pressure in AI-linked names intensifying and pushing technology stocks toward their worst week since April.
DraftKings Q3 2025 revenue misses estimates, leading to a stock drop. The company posted a narrower loss per share but lowered its full-year revenue guidance.
Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of the markets revenue expectations in Q3 CY2025 as sales rose 4.4% year on year to $1.14 billion. The company’s full-year revenue guidance of $6 billion at the midpoint came in 3.1% below analysts’ estimates. Its non-GAAP loss of $0.26 per share was in line with analysts’ consensus estimates.
BOSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its third quarter 2025 financial results. The Company also posted a third quarter 2025 business update and a slide presentation on the Investor Relations section of its website at investors.draftkings.com.
