GamingWall Street Journalabout 1 hour ago
DraftKings Cuts 2026 Profit Outlook
6 min read
DraftKings Inc cut its full-year 2026 adjusted EBITDA outlook to $175 million to $275 million, down from a prior forecast of $700 million to $900 million. The company pours an additional $650 million to $700 million into its Predictions exchange business, causing shares to fall about 27% to $17.08 in New York trading.
Level
Hype check
Tap to vote and see what everyone thinks.
