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DoubleDown Interactive (NASDAQ:DDI) reported second-quarter 2026 revenue of $94.3 million, up approximately 11% from a year earlier, as growth in its social casino and iGaming operations supported higher profitability and operating cash flow. Adjusted EBITDA rose 17% year over year to $39.3 million
Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of the market’s revenue expectations in Q2 CY2026, with sales falling 4.6% year on year to $1.44 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $6.7 billion at the midpoint. Its non-GAAP profit of $0.09 per share was 53.1% below analysts’ consensus estimates.
DraftKings Inc. (NASDAQ:DKNG) missed revenue expectations last week, but prediction markets dominated the earnings call. To Joel Shulman, founder and chief investment officer of ERShares and portfolio manager of the XOVR ETF, the message was clear: DraftKings is now treating...
(Bloomberg) -- DraftKings Inc. Chief Executive Officer Jason Robins said he doesn’t think it is good that bettors are placing prediction market wagers on what executives say on company earnings calls. Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesWhy Do Data Centers Use So Much F
Dave lost 97% of its value before a 1-for-32 reverse split. Now the fintech stock has surged back. The story is a warning to investors as SPACs mount a comeback.
DraftKings Inc. (NASDAQ:DKNG) shares are edging higher Friday morning as traders digest mixed Q2 results and upbeat commentary around its Predictions product. DraftKings stock is moving in positive territory. What’s pushing DKNG stock higher? What’s Driving DraftKings’ Q2 Earnings Results?...
DraftKings (NASDAQ:DKNG) said its core business continued to grow in the second quarter of 2026, generating $115 million in adjusted EBITDA as customer acquisition, retention and engagement exceeded management’s expectations. The company maintained its full-year revenue outlook of $6.5 billion to $6
Moby summary of DraftKings Inc.'s Q2 2026 earnings call
The headline numbers for DraftKings (DKNG) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CFO Alan Ellingson said the core business remains on track to generate about $1 billion in adjusted core profit this year, giving the company flexibility to invest in Predictions.
↗️ Sweetgreen (SG): Shares of the fast-casual salad chain slumped 15%. The company said its second-quarter loss widened and it lowered its outlook as the cyclosporiasis outbreak weighs on demand. ↗️ Airbnb (ABNB): The short-term rental company raised its forecast for the year citing a ramp up in global demand as it uses artificial intelligence to improve its platform.
Flutter Entertainment (NYSE: FLUT), parent of FanDuel, is having a rough year. The stock is down 57% year to date. The latest quarterly results didn’t help. The company missed on EPS, cut guidance and announced a CEO change. Shares fell 11% on the print. But Michael Burry sees a buying opportunity. In a recent Substack […]
Sports betting and online gaming company DraftKings Inc (NASDAQ:DKNG) reported second-quarter financial results Thursday after market close. Here are the key highlights. • DraftKings stock is facing resistance. Why is DKNG stock trading lower? DraftKings Q2 Earnings DraftKings reported second-quarter...
DraftKings Inc. (NASDAQ:DKNG) reports second-quarter earnings after the bell today, with the call scheduled for Friday morning. Polymarket gives DraftKings just a 52% chance of beating expectations. What words will be spoken on the call trade on Kalshi, where the...
DraftKings reports earnings Thursday after bettors won big during the FIFA World Cup, raising questions about sportsbook margins, customer retention, and the company’s fast-growing prediction market.
Sports betting and online gaming giant DraftKings Inc (NASDAQ:DKNG) looks to turn things around when the company reports second-quarter financial results Thursday after market close. Here are the earnings estimates, analyst ratings and key items to watch. DraftKings Q2 Earnings...
As prediction markets shake up sports betting, Michael Burry is betting the odds will swing back in DraftKings' favor.
Get a deeper insight into the potential performance of DraftKings (DKNG) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Burry is betting market leadership may soon change
DraftKings and rival online sportsbooks have already poured at least US$72 million into the 2026 U.S. midterm elections via a bipartisan super PAC to back state candidates supportive of their preferred sports betting rules. This unprecedented level of political spending underlines how central regulatory outcomes have become to DraftKings’ business model and long-term operating landscape. With this in mind, we’ll explore how DraftKings’ escalating political spending campaign may reshape its...
In-flight gambling has been illegal on U.S. commercial aircraft for more than six decades. Delta Air Lines and DraftKings are collaborating nevertheless.
DraftKings stock is coming off a tough five year stretch, with the share price down sharply over that period, yet the valuation checks still point to a mixed picture rather than a clear bargain or clear overvaluation. With recent news highlighting both competitive pressure and political spending, investors are weighing how much of this is already reflected in the current price. Over the past five years, DraftKings has delivered a share price decline of 49.6%, which puts the current valuation...
DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential. However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Sportsbooks are using federal exchanges to offer sports contracts in states where their own books are banned.
The latest trading day saw DraftKings (DKNG) settling at $24.62, representing a +2.12% change from its previous close.
By Dawn Kopecki NEW YORK, July 28 (Reuters) - DraftKings, FanDuel and other online sports betting companies have ramped up election spending on the U.S. midterms to at least $72 million so far, the
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