DraftKings slashes 2026 EBITDA guidance to $225 million
DKNG
Statements (9)
- Bearish
DraftKings released 2027 guidance that was lower than expected, causing the stock to decline.
- Bearish
DraftKings lost 28% in one morning, causing a significant drop in its stock price.
- Bearish
DraftKings cut its earnings outlook following a miss in the second quarter.
- Bearish
Draftkings cuts its profit forecast by approximately 70 percent.
- Bearish
DraftKings lowered its 2027 guidance for revenue guidance.
- Bearish
DraftKings reported a 27% drop in stock price.
- Bearish
DraftKings reduced its 2026 adjusted EBITDA forecast from $800 million to $225 million.
- Bearish
DraftKings slashed the midpoint of its 2026 adjusted EBITDA forecast to $225 million.
- Bearish
DraftKings lowered its full-year revenue guidance from $6.5 billion to $6.35 billion to $6.55 billion.