DraftKings had a tough third quarter, losing 53 cents per share and cutting its revenue outlook for 2026.

Nov 9, 2026, 6:52 AM ETResultsRead the original at Benzinga

Bad for DKNG

DraftKings sales grew 16%, and more than 1.6 million customers used Predictions. But sales and the adjusted loss missed estimates, and its 2026 sales forecast fell below the prior range and analysts' estimate.

DKNG · DraftKings Inc.

AI read · Bad for DKNG

The AI's read

The weaker quarter makes it harder to expect the sales growth the company had planned. Sales still rose, Predictions attracted more than 1.6 million customers, and the 2027 sales range was close to analysts' estimate. Those points are encouraging, but the missed quarter and lower 2026 range carry more weight.

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