Macro Finance
DraftKings Plunges on 2027 Forecast That Misses Estimates
Bloomberg Markets·November 5, 2026·1 min read
DraftKings Inc. shares plunged 19% in extended trading after the company issued a 2027 earnings forecast that missed the average analyst estimate and cut its fiscal 2026 outlook. Third-quarter revenue also fell short of expectations, compounding investor disappointment. The weaker guidance suggests slowing growth in the online betting market and increased competition.
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