A post by @FirstSquawk on X.
DRAFTKINGS Q3 2026 REVENUE $1.33 BLN, BELOW ESTIMATE OF $1.39 BLN, WITH AN ADJUSTED EBITDA LOSS OF $316.9 MLN, FAR WIDER THAN AN ESTIMATED $65.9 MLN LOSS
@FirstSquawk on X
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DraftKings reported third-quarter 2026 revenue of $1.33 billion, missing the $1.39 billion consensus estimate, while its adjusted EBITDA loss widened to $316.9 million against expectations of a $65.9 million loss. The dual miss on both the top line and profitability marks a sharp deterioration from what analysts had modeled for the sportsbook operator. The much larger-than-expected EBITDA loss signals that cost pressures or promotional spending are weighing more heavily on margins than anticipated. Investors will be watching for management commentary on the drivers behind the wider loss and whether spending intensity is expected to persist into the fourth quarter.
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