DraftKings stock sinks after weak 2026 forecast as prediction-markets spend takes focus
Shares of DraftKings dropped roughly 13% in after-hours action Thursday, with investors balking at the company’s 2026 forecast, which landed softer than they’d hoped. The sports-betting firm’s new outlook prompted the selloff, despite a stronger-than-expected Q4. Online betting companies are facing the forecast at a challenging point. Years of expansion—sparked by fresh state openings and aggressive marketing—have now given way to calls for tighter margins and more predictable earnings.