DraftKings Inc Ordinary Shares - Class A

DKNG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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DraftKings Earnings: Near-Term Investments to Drive Strong Returns Starting in 2027; Shares Cheap

Dan Wasiolek

Nov 6, 2026

DraftKings' third-quarter revenue jumped 16%. Adjusted EBITDA margin deteriorated to minus 23.8% from minus 11.1% due to predictive investments. DraftKings cut 2026 sales guidance by $250 million and EBITDA by $575 million at the midpoint. Sales and EBITDA are guided for 17% and 300% lifts in 2027.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

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DraftKings Inc Ordinary Shares - Class A

DraftKings Earnings: Near-Term Investments to Drive Strong Returns Starting in 2027; Shares Cheap

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