DraftKings Q3 Earnings Preview
DraftKings Inc. (NASDAQ: DKNG) is expected to emphasize its moves within prediction markets when it releases Q3 financial results Thursday after market close. Investors and analysts may inquire about growth in the overall prediction market sector and how DraftKings competes in this space, including its recent acquisitions.
Earnings Estimates
- Projected Q3 revenue is $1.23 billion, up from $1.09 billion in the same quarter last year, according to Benzinga Pro data.
- DraftKings has surpassed revenue estimates in five of the last ten quarters, including Q2 2025.
- Analysts forecast a Q3 loss per share of 40 cents, a larger loss compared to 17 cents in Q3 2024.
- The company has beaten earnings per share expectations in nine of the last ten quarters, including recent results.
Analyst Commentary
Shaun C. Kelley, analyst at Bank of America Securities, downgraded DraftKings and peer Flutter Entertainment (NYSE: FLUT) ahead of their Q3 earnings announcements.
Additional Notes
DraftKings is currently testing important technical support levels in the market, which could influence investor sentiment during the earnings release.
Related Earnings Reports
Other notable earnings expected this week include Joby, IonQ, and AMD.
Summary: DraftKings is poised to report strong revenue growth despite a projected wider loss, with its strategy focused on expanding prediction market business amid sector competition.