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BTCC / BTCC Square / Global Cryptocurrency /
DraftKings Shares Plunge 15% After Missing Earnings and Long-Term Revenue Forecasts

DraftKings Shares Plunge 15% After Missing Earnings and Long-Term Revenue Forecasts

Author:
Global Cryptocurrency
Published:
2026-02-13 10:44:03
11
1
BTCCSquare news:

DraftKings Inc. saw its stock tumble 15.2% in extended trading after reporting fourth-quarter results that fell short of Wall Street expectations. The sports-betting giant posted $1.99 billion in revenue, a 43% year-over-year increase, but its adjusted earnings per share of $0.36 missed the $0.39 analyst consensus.

The company's 2026 revenue guidance of $6.5-$6.9 billion came in significantly below the $7.3 billion market expectation, while its adjusted EBITDA forecast of $700-$900 million trailed the $981 million consensus. This conservative outlook reflects planned investments in prediction markets, which CEO Jason Robins estimates could become a $10 billion annual opportunity.

DraftKings Predictions, launched in Q4 2025, will generate revenue through trading fees and market-making activities, positioning the company against specialized platforms like Kalshi and Polymarket. The segment represents a strategic bet on the growing intersection of gaming and financial markets.

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