Illustration: A empty sports betting lounge at night, with rows of dark leather seats facing a wall of glowing blank screens and a single paper betting slip lying on the carpet.

CompaniesUnited States

DraftKings shares sink after 2027 profit forecast misses analyst average

DraftKings gave a 2027 adjusted EBITDA forecast that fell short of the average analyst estimate, and its shares dropped. The company's push into prediction markets is part of the investor debate.

Scroll to read
Illustration

Companies ·

Shares of DraftKings fell after the sports-betting company issued a 2027 forecast for adjusted EBITDA, a measure of profit before interest, taxes, depreciation and amortization. The forecast came in below the average estimate of analysts.

Companies

The company also lowered its outlook for the current fiscal year. Wall Street had widely expected that cut, so it was not a surprise.

In numbers

  • $800M-$1B2027 adjusted EBITDA forecast
  • $650M-$750MPredictions revenue guidance

DraftKings, the past month

$18.05down −5.74%

$23.52$18.057 Oct6 Nov

Companies

DraftKings guided to adjusted EBITDA of $800 million to $1 billion for 2027. It also guided to revenue from predictions of $650 million to $750 million. Its costly move into prediction markets, where people trade on the outcome of events, is weighing on the stock.

DraftKings$18.05down −5.74%over 1 month
$23.52$18.057 Oct6 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

$1,000 in DraftKings

Had you put $ into DraftKings a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

Where
United States
Published
Section
Companies
Markets
DraftKings

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Illustration

Back to the front page

More news

Illustration: A long row of empty desks in a bright open-plan office, each with a laptop closed and a chair pushed in, with morning light across the floor.CompaniesCanva restructures 22% of its workforce as AI job impact stays unclearCanva is restructuring 22% of its workforce, and some tech firms are pairing job cuts with exit perks. Evidence on how AI affects jobs remains mixed.Gigafactory Texas Construction Southwest Corner February 2022CompaniesTesla to wind down Cybertruck production by mid-2027 for CybercabTesla will end Cybertruck production at its Texas factory and use the plant for its self-driving Cybercab taxi. Elon Musk is shifting the company's focus toward robotics and AI.Tesladown −4.83%1 monthIllustration: Through a living room window at dusk, a flat-screen television glows in a dark room, and rows of similar lit windows in the apartment blocks across the street each flicker with a blue screen light.CompaniesFox closes $22 billion acquisition of streaming company RokuFox has finished buying Roku for $22 billion. The deal gives Fox control of a streaming platform that reaches more than 100 million US households.MC 澳門 Macau Cotai 永利皇宮 Wynn Palace shop Balenciaga Clothing Store November 2023 R12SCompaniesBalenciaga names Martine Rose its first female creative director in 109 yearsBritish designer Martine Rose will lead the creative side of Balenciaga, the first woman to do so in the fashion house's 109-year history. The appointment is a notable change for a major luxury brand.Vials (32419676518)CompaniesQuantinuum and Moderna lift revenue outlooks; RenovoRx holds steadyQuantinuum and Moderna raised their revenue outlooks. RenovoRx kept its 2026 revenue guidance at $3.75 million to $4.25 million.Racks Amravati Data CenterCompaniesIREN and Core Scientific move away from bitcoin mining toward AIIREN's bitcoin mining revenue fell 58% as it plans a full exit by year-end, while its AI Cloud sales rose 182%. Core Scientific also plans to stop mining bitcoin by year-end as its AI business grows.Bitcoindown −11.40%1 month