DraftKings Q3 Preview
DraftKings is expected to emphasize its moves in prediction markets alongside its third-quarter results on Thursday. Analysts and investors may also inquire about growth within the prediction market sector overall.
Company Overview
DraftKings Inc (NASDAQ:DKNG), a sports betting firm, is likely to share more details about its competitive position against prediction markets and its recent acquisition in this space when it reports Q3 financial results after the market closes on Thursday.
Earnings Estimates and Analyst Expectations
- DraftKings is testing key support levels.
- Analysts forecast Q3 revenue of $1.23 billion, up from $1.09 billion in Q3 of last year, according to Benzinga Pro data.
- The company has beaten revenue estimates in 5 of the last 10 quarters, including Q2 2025.
- Analysts predict a loss of 40 cents per share for Q3, compared to a loss of 17 cents per share in the same quarter last year.
- DraftKings has surpassed earnings per share estimates in 9 of the last 10 quarters, including Q2 2025.
Analyst Commentary
"Bank of America Securities analyst Shaun C. Kelley downgraded both DraftKings and peer company Flutter Entertainment ahead of their upcoming earnings reports."
Read also: Top Stocks With Earnings This Week: Joby, IonQ, AMD and More
Key Items to Watch
- Impact of prediction market activities on financial results.
- DraftKings' strategy following its recent acquisition in the prediction market segment.
- How competition with other prediction markets could influence growth prospects.
Author's summary: DraftKings’s Q3 earnings will shed light on its growing prediction market efforts and competitive stance, with analyst concerns reflecting cautious expectations on profitability and sector growth.