StocksMedium•6 November 2026•
1 min read
DraftKings Shares Plunge 20% Following Q3 Revenue Miss and Guidance Cut
Key Facts
1DraftKings reported Q3 revenue of $1.329 billion, missing analyst expectations of approximately $1.39 billion.
2The company lowered its full-year guidance, causing the stock to drop by as much as 20% during Friday's trading.
DraftKings reported Q3 revenue of $1.329 billion, missing analyst expectations of approximately $1.39 billion. Invezz reported that the company lowered its full-year guidance, causing the stock to drop by as much as 20% during Friday's trading.
The sell-off followed an opening gap down after the fiscal Q3 report showed deeper-than-forecast adjusted losses. DKNG closed at $23.52 on November 5, 2026, before facing significant pressure that saw the price reach a low of $22.84 during trading on November 6, 2026.