A post by @FirstSquawk on X.

DraftKings guided FY2027 revenue to $7.35–7.75 billion, roughly in line with the $7.61 billion consensus, but projected adjusted EBITDA of $800 million to $1.0 billion, below the $1.12 billion estimate. The soft profitability outlook signals that the sportsbook operator expects continued heavy spending on customer acquisition and market expansion even as sales scale. The gap between revenue and EBITDA guidance implies margin pressure that could weigh on the stock, which trades on expectations for improving earnings as the U.S. betting market matures. Investors will watch whether DraftKings can convert top-line growth into leverage ahead of schedule, and whether rivals issue similarly conservative margin targets.