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Feb 13, 2026 8:01 AM

Why Are DraftKings Shares Sliding On Friday?

DraftKings Inc (NASDAQ:DKNG) shares plummeted in pre-market trading Friday despite reporting record fourth-quarter results. While the digital gaming giant met revenue expectations, a conservative outlook for the upcoming fiscal year sparked a sharp sell-off among investors.

DraftKings reported fourth-quarter revenue of $1.99 billion, a 43% increase year-over-year, which aligned with analyst estimates. The company clocked adjusted earnings of 36 cents per share, compared to a loss of 28 cents per share in the prior-year period.

Outlook Falls Short of Estimates

The primary catalyst for the decline was the company's fiscal year 2026 guidance. DraftKings projected revenue between $6.5 billion ...