---
symbol: "DKNG"
name: "DraftKings"
date: 2026-11-06
change_pct: -21.92072244171406
direction: "down"
event_type: "guidance"
url: "https://perplo.app/why/DKNG/2026-11-06"
updated_at: 2026-11-06T00:07:22.531Z
---

# Why DraftKings (DKNG) fell 21.92% on November 6, 2026

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](https://t.me/marketfeed/1072062) — MarketFeed
- [Why is DraftKings stock plunging today?](https://www.investing.com/news/stock-market-news/why-is-draftkings-stock-plunging-today-93CH-5006013) — 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](https://t.me/marketfeed/1072061) — MarketFeed

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