U.S. stock futures were mixed but mostly steady late Thursday as investors weighed escalating tensions in the Strait of Hormuz and higher oil prices ahead of Friday’s key jobs report.As of 9.30 p.m. ET, Nasdaq 100 futures were up 0.1%, while S&P 500 futures were down by 0.05%. Dow futures were down…
Shares of DraftKings (DKNG) fell about 4% in after-hours trading on Thursday after the company reported a 5% drop in second-quarter revenue, while reaffirming full-year guidance and noting that its Predictions product is already growing faster than expected.DraftKings reported second-quarter revenu…
Sports Consumer Volume rose 15% year-over-year, but revenue declined 5% due to customer-friendly outcomes and higher promotional costs. Adjusted EBITDA fell sharply, while guidance for 2026 revenue and EBITDA was maintained. The Super App and Predictions offering are driving user growth.Original do…
Q2 2026 saw 9% growth in Monthly Unique Payers and 15% growth in Sports Consumer Volume, with strong customer acquisition and a successful Predictions launch. Revenue guidance for FY 2026 remains $6.5B–$6.9B, and Adjusted EBITDA guidance is $700M–$900M.Original document: DraftKings Inc. [DKNG] Slid…
Fantasy sports and betting company DraftKings NASDAQ:DKNGwill be announcing earnings results tomorrow after market close. Here’s what to look for.DraftKings met analysts’ revenue expectations last quarter, reporting revenues of $1.65 billion, up 16.8% year on year. It was a mixed quarter for the co…
"The Big Short" investor Michael Burry (Trades, Portfolio) has reshaped parts of his portfolio by increasing several bearish positions in semiconductor-related assets while leaving his existing short positions in Tesla NASDAQ:TSLA and Palantir Technologies NASDAQ:PLTR intact, according to comments…
DraftKings, Inc. Class A (NASDAQ:DKNG) will report Q2 2026 results after the Aug. 6 close and host a conference call Aug. 7, even as it faces a Philadelphia lawsuit over a consumer ordinance; management warns Q3 betting volume may slip after Q2’s boost from NBA playoffs and the World Cup.Previous W…
DraftKings (DKNG) and Flutter Entertainment (FLUT) saw their share prices rise 1% and 2.7%, respectively, on Wednesday after Michael Burry, the famed money manager who predicted the 2008 subprime crisis, built substantial stakes in the sports betting firms.Burry disclosed Wednesday that he has buil…
Cryptocurrencies are tentatively recovering to begin the year’s third quarter. On July 3, Bitcoin was trading at $62,128 U.S., having gained 1% in the last 24 hours. Bitcoin's price is back above the key support level of $60,000 U.S. that analysts say is needed for a sustained rally to begin. A we…
Prediction markets crossed another milestone in June, surpassing $50 billion in monthly trading volume for the first time.The same week, European regulators initiated a new coordinated response to the sector, DraftKings completed the launch of its own exchange, and Cboe proposed bringing prediction…
