DraftKings (NASDAQ:DKNG) missed second-quarter revenue expectations Thursday, but Wall Street quickly moved past the miss to a bigger question: whether prediction markets are becoming the company’s next major growth engine. Prediction markets dominated the Q&A, with analysts asking about cannibalization,...
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What DraftKings’ Latest Earnings Miss Means For Investors DraftKings (DKNG) set the tone for its stock with second quarter 2026 results that missed earnings and revenue expectations, included a swing from profit to loss, yet kept full year revenue guidance unchanged. The company reported Q2 sales of US$1.44b, compared with US$1.51b in the same period last year, and moved from net income of US$157.94 million to a net loss of US$67.61 million. Basic and diluted earnings per share from...
DraftKings (DKNG) delivered earnings and revenue surprises of -59.09% and -3.84%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
The online sports betting company posted a loss of $67.6 million for the second quarter, compared with a profit of $157.9 million a year earlier.
FLUT stock clocked its worst day since February 27 after its Q2 report.
Flutter Entertainment announced the resignation of its longtime CEO Peter Jackson when it reported second-quarter earnings on Wednesday. Despite a nine-year tenure that saw Flutter grow from a $2 billion U.K.-focused business to a $16 billion international betting titan, Jackson isn’t going out on a high note. Shares of the world’s largest betting firm and FanDuel parent company were down as much as 14% Wednesday after the firm reported mixed results and reduced its full-year guidance.
U.S. online gambling operator BetMGM on Tuesday downgraded its annual outlook for the second time this year and pushed back its target of reaching $500 million in profit, as competition from prediction market platforms mounts intensifies. Licensed sportsbook operators in the U.S. are facing growing pressure from prediction market platforms such as Kalshi, while FanDuel, DraftKings and Fanatics have launched similar products, raising customer acquisition costs and threatening sports betting market share.
Michael Burry isn’t simply betting on casino stocks. The “Big Short” investor’s fresh stakes in DraftKings (DKNG) and Flutter Entertainment (FLUT) raise a wider concern for the sports-betting industry: Are prediction markets too huge for authorities to ignore? That matters to retail investors, ...
DraftKings (DKNG) reached $26.29 at the closing of the latest trading day, reflecting a -3.24% change compared to its last close.
DraftKings (DKNG) closed at $25.26 in the latest trading session, marking a -2.09% move from the prior day.
DraftKings (DKNG) closed at $24.53 in the latest trading session, marking a -2.47% move from the prior day.
DraftKings (DKNG) reached $25.7 at the closing of the latest trading day, reflecting a -2.61% change compared to its last close.
In the closing of the recent trading day, DraftKings (DKNG) stood at $29.03, denoting a -3.31% move from the preceding trading day.
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Megan King joins Stocktwits TV to analyze the 'software slump of 2026,' addressing concerns that AI could replace traditional software. She shares her perspective on why this downturn might be overdone and discusses the NFL's decision to ban prediction market ads during the Super Bowl, examining the potential impact on companies like DraftKings and FanDuel.