DraftKings shares dropped 27% after the company reported weaker-than-expected third-quarter results and a disappointing 2027 earnings forecast. The company is investing heavily in its prediction markets product, DraftKings Predictions, which has increased costs and lowered adjusted EBITDA guidance for 2026 and 2027. Despite revenue growth and rising monthly payers, investors reacted negatively to the forecast shortfall and high spending. Competitors Flutter and Penn Entertainment also saw stock declines amid similar market pressures. The key question remains whether DraftKings' investment in prediction markets will generate meaningful profits starting in 2027, with regulatory risks also a concern.
DraftKings has a market cap of $11.68 billion and an enterprise value of $12.61 billion on Pluang as of Nov 06, 2026 22:12 WIB. The stock price is down 27.98% in one day, reflecting significant market reaction to the company's earnings forecast and spending plans. Trading volume is high at 22,265,184 shares, with a typical hold time of 57 days among Pluang investors.
