DraftKings (DKNG) Stock Drops 25% as Predictions Spending Overshadows Q3 Sales Growth

TLDR DraftKings fell 25% after hours to $17.60 following its Q3 report. The company cut 2026 revenue guidance to $6.45 billion from $6.7 billion. Heavy spending on its Predictions business drove the weaker outlook. Sportsbook revenue rose 36%, and iGaming revenue rose 7%. The stock was down 20% in premarket trading Friday. DraftKings (DKNG) stock fell 25% in after-hours trading Thursday, reaching $17.60 after its third-quarter report . The drop followed a cut to the company’s 2026 revenue outlook. DraftKings Inc., DKNG The company posted a loss of 94 cents per share on revenue of $1.33 billion. FactSet analysts had expected a loss of 41 cents on revenue of $1.39 billion. Investing.com put the adjusted loss at 53 cents, against an estimate of 36 cents.

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