Why DraftKings (DKNG) fell 21.92%
DraftKings (DKNG) fell 21.92% on November 6, 2026 — FY2027 outlook below consensus sinks DraftKings.
What happened
DraftKings guided FY2027 revenue to $7.35B–$7.75B, roughly in line with the $7.61B estimate, but adjusted EBITDA to $800M–$1.0B, well below the $1.12B consensus.
Why it moved
The top line looked fine, but the profit outlook missed. The $900M midpoint sits about 20% under consensus, which cuts confidence in margin expansion and compresses the multiple sharply, producing a 19.9% drop.
Why it matters
Consumer & Internet had been supported by post-election risk-on and resilient platforms. DraftKings' profit reset is a company-specific break in that bid, and the group is stalling as investors question which platforms…
What would break the thesis
If investors see FY2027 as conservative and near-term KPIs stay strong, the reaction may fade. Watch whether the next quarter confirms the EBITDA trajectory.
Sources
- DRAFTKINGS SEES FY2027 REVENUE $7.35 BLN TO $7.75 BLN, AROUND ESTIMATE OF $7.61 BLN, AND FY2027 ADJUSTED EBITDA $800 MLN TO $1.0 BLN, BELOW ESTIMATE OF $1.12 BLN — MarketFeed
- Why is DraftKings stock plunging today? — Investing.com
- DRAFTKINGS CUTS ITS FY GUIDANCE, NOW SEEING FY REVENUE $6.35 BLN TO $6.55 BLN FROM $6.5 BLN TO $6.9 BLN, AND FY ADJUSTED EBITDA $175 MLN TO $275 MLN FROM $700 MLN TO $900 MLN — MarketFeed