DraftKings: The Prediction Market Boogeyman [Seeking Alpha]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Seeking Alpha
Prediction markets are rapidly gaining traction, pressuring DKNG's margins and forcing costly new investments. Q3 results were underwhelming: revenue and earnings missed estimates, user growth stagnated, and margins deteriorated. DKNG trades at 35x EBITDA—over 2x the faster-growing Flutter—after cutting 2025 EBITDA guidance by nearly 50%. OleJohny/iStock via Getty Images DraftKings Inc. ( DKNG ) shares have been having a rough couple of months, with the stock down 34% since February. Just when the company started proving its business model and had reached the necessary scale to achieve consistent profitability, prediction markets came This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking A
Show less
Read more
Impact Snapshot
Event Time:
DKNG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DKNG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DKNG alerts
High impacting DraftKings Inc. - Class A news events
Weekly update
A roundup of the hottest topics
DKNG
News
- Kalshi's Combo Event Contracts Raise Prediction Market Stakes [Yahoo! Finance]Yahoo! Finance
- OUTKICK DELIVERS TRIPLE DIGIT YEAR OVER YEAR GROWTH ON FACEBOOK [Yahoo! Finance]Yahoo! Finance
- Why DraftKings (DKNG) Shares Are Sliding Today [Yahoo! Finance]Yahoo! Finance
- Eight-Figure Jackpot Skews Michigan's November iGaming Revenue [Yahoo! Finance]Yahoo! Finance
- HardScope Launches Vertically-Integrated Media Platform to Scale Creator Empires and Unlock Gen Z for Brands [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/5/25 - Form 4
- DKNG's page on the SEC website