DraftKings shares plunge 19% on lower 2027 profit outlook
DKNG DraftKings Inc
$18.51 -21.30%
View chart & analysis → - 1DraftKings Inc. projected 2027 adjusted EBITDA of $800 million to $1 billion, falling below the analyst average estimate of $1.12 billion.
- 2DraftKings Inc. lowered its fiscal year 2026 revenue guidance to a range of $6.35 billion to $6.55 billion.
- 3DraftKings Inc. reported third-quarter revenue of $1.33 billion, missing the analyst expectation of $1.39 billion.
So what's the key point?
DraftKings Inc. provided a 2027 adjusted EBITDA outlook of $800 million to $1 billion, which was lower than the $1.12 billion average estimate from analysts for 2027.
Source Bloomberg · View original ↗
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