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DraftKings Sales, Profit Fall Short Amid Prediction Market Blitz

Bloomberg Markets Thursday 06 August 2026, 20:38 UTC By Christopher Palmeri 1 min read
Key Points

DraftKings Sales, Profit Fall Short Amid Prediction Market Blitz DraftKings Inc. reported second-quarter sales and earnings that missed analysts expectations as the sportsbetting industry confronts a new challenge from prediction-market players. Revenue, at $1.44 billion, trailed the $1.51 billion Wall Street was projecting. Adjusted earnings before interest, taxes, depreciation and amortization, at $115 million, also fell short of expectations for $154 million.

DraftKings Sales, Profit Fall Short Amid Prediction Market Blitz DraftKings Inc. reported second-quarter sales and earnings that missed analysts expectations as the sportsbetting industry confronts a new challenge from prediction-market players. Revenue, at $1.44 billion, trailed the $1.51 billion Wall Street was projecting. Adjusted earnings before interest, taxes, depreciation and amortization, at $115 million, also fell short of expectations for $154 million.
DraftKings Sales (ORG) DraftKings Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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