The facts
DraftKings reported third-quarter revenue of about $1.33 billion, up 16% from a year earlier but below the $1.41 billion analyst consensus cited by Reuters. [1][3]
The company reported an adjusted loss of 53 cents per share; Reuters said analysts had expected a 36-cent loss. [1][3]
DraftKings lowered its 2026 adjusted EBITDA outlook to $175 million–$275 million from $700 million–$900 million and said it expects $650 million–$700 million in Predictions-related investment costs. [1][2]
The company forecast 2027 revenue of $7.35 billion–$7.75 billion and adjusted EBITDA of $800 million–$1 billion. [1][2]
Reuters reported DraftKings shares fell about 20% after the report; this was an intraday reaction, not a verified closing move. [3]
Still unconfirmed
- The final share-price reaction at the close of 6 November is not established here.
- The eventual profitability and customer uptake of the Predictions business remain unknown.
Sources
References support the numbered facts above. Source checks: 6 Nov 2026, 21:38 UTC.
The financial figures and forecasts are taken from the company release and SEC exhibit; Reuters independently supplies analyst comparisons and the report-time share move. The stock reaction is not stated as a closing price.
- DraftKings Reports Third Quarter Revenue Growth of 16%
DraftKings · Primary source · 6 Nov 2026
Company earnings release with quarterly results and revised 2026 and 2027 outlook.
- DraftKings third-quarter 2026 earnings release exhibit
U.S. Securities and Exchange Commission · Primary source · 6 Nov 2026
The exhibit attached to the company’s SEC filing confirms the guidance and Predictions investment estimates.
- DraftKings shares tumble 20% on wider loss than expected, weak guidance
Reuters (republished by Investing.com) · Reporting · 6 Nov 2026
Independent report comparing results with analyst expectations and describing the share reaction at publication time.