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↗️ Sweetgreen (SG): Shares of the fast-casual salad chain slumped 15%. The company said its second-quarter loss widened and it lowered its outlook as the cyclosporiasis outbreak weighs on demand. ↗️ Airbnb (ABNB): The short-term rental company raised its forecast for the year citing a ramp up in global demand as it uses artificial intelligence to improve its platform.
Flutter Entertainment (NYSE: FLUT), parent of FanDuel, is having a rough year. The stock is down 57% year to date. The latest quarterly results didn’t help. The company missed on EPS, cut guidance and announced a CEO change. Shares fell 11% on the print. But Michael Burry sees a buying opportunity. In a recent Substack […]
The online sports betting company posted a loss of $67.6 million for the second quarter, compared with a profit of $157.9 million a year earlier.
Sports betting and online gaming company DraftKings Inc (NASDAQ:DKNG) reported second-quarter financial results Thursday after market close. Here are the key highlights. • DraftKings stock is facing resistance. Why is DKNG stock trading lower? DraftKings Q2 Earnings DraftKings reported second-quarter...
DraftKings Inc. (NASDAQ:DKNG) reports second-quarter earnings after the bell today, with the call scheduled for Friday morning. Polymarket gives DraftKings just a 52% chance of beating expectations. What words will be spoken on the call trade on Kalshi, where the...
DraftKings reports earnings Thursday after bettors won big during the FIFA World Cup, raising questions about sportsbook margins, customer retention, and the company’s fast-growing prediction market.
FLUT stock clocked its worst day since February 27 after its Q2 report.
Sports betting and online gaming giant DraftKings Inc (NASDAQ:DKNG) looks to turn things around when the company reports second-quarter financial results Thursday after market close. Here are the earnings estimates, analyst ratings and key items to watch. DraftKings Q2 Earnings...
Flutter Entertainment announced the resignation of its longtime CEO Peter Jackson when it reported second-quarter earnings on Wednesday. Despite a nine-year tenure that saw Flutter grow from a $2 billion U.K.-focused business to a $16 billion international betting titan, Jackson isn’t going out on a high note. Shares of the world’s largest betting firm and FanDuel parent company were down as much as 14% Wednesday after the firm reported mixed results and reduced its full-year guidance.
As prediction markets shake up sports betting, Michael Burry is betting the odds will swing back in DraftKings' favor.
Get a deeper insight into the potential performance of DraftKings (DKNG) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Earnings continue to be the market's engine, and a series of results this week from Palantir, SpaceX, and AMD are set to rev up stocks again.
Burry is betting market leadership may soon change
DraftKings and rival online sportsbooks have already poured at least US$72 million into the 2026 U.S. midterm elections via a bipartisan super PAC to back state candidates supportive of their preferred sports betting rules. This unprecedented level of political spending underlines how central regulatory outcomes have become to DraftKings’ business model and long-term operating landscape. With this in mind, we’ll explore how DraftKings’ escalating political spending campaign may reshape its...
In-flight gambling has been illegal on U.S. commercial aircraft for more than six decades. Delta Air Lines and DraftKings are collaborating nevertheless.
DraftKings stock is coming off a tough five year stretch, with the share price down sharply over that period, yet the valuation checks still point to a mixed picture rather than a clear bargain or clear overvaluation. With recent news highlighting both competitive pressure and political spending, investors are weighing how much of this is already reflected in the current price. Over the past five years, DraftKings has delivered a share price decline of 49.6%, which puts the current valuation...
DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential. However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Sportsbooks are using federal exchanges to offer sports contracts in states where their own books are banned.
The latest trading day saw DraftKings (DKNG) settling at $24.62, representing a +2.12% change from its previous close.
Decrypt reported that Fanatics is buying an exchange and clearinghouse from BGC, following DraftKings and FanDuel in owning the rails for its own prediction market.
U.S. online gambling operator BetMGM on Tuesday downgraded its annual outlook for the second time this year and pushed back its target of reaching $500 million in profit, as competition from prediction market platforms mounts intensifies. Licensed sportsbook operators in the U.S. are facing growing pressure from prediction market platforms such as Kalshi, while FanDuel, DraftKings and Fanatics have launched similar products, raising customer acquisition costs and threatening sports betting market share.
By Dawn Kopecki NEW YORK, July 28 (Reuters) - DraftKings, FanDuel and other online sports betting companies have ramped up election spending on the U.S. midterms to at least $72 million so far, the
U.S. sports company Fanatics is expanding into prediction markets.
The deal for BGC's Water Street Labs and CX Clearinghouse lets Fanatics list and settle its own event contracts, echoing DraftKings and FanDuel as sports-betting giants scramble for a foothold in the sector.
Lured in by the promise of fast prediction market winnings, healthcare students are turning to platforms like Kalshi and Polymarket to pay for personal expenses.
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