DraftKings Shares Fall After 2026 Forecast Misses Estimates

DraftKings Inc., the online betting company, issued a 2026 forecast for sales and profit that fell short of Wall Street estimates, sending the stock tumbling to its largest intraday drop in nearly three-and-a-half years.

For 2026, the Boston-based company predicts revenue of $6.5 billion to $6.9 billion, according to a statement Thursday. That compared with analysts’ estimates of $7.32 billion. Earnings excluding some items were forecast at $700 million to $900 million, less than the $998 million analysts have projected.