DraftKings Q3 Preview: Record NFL Betting Expected
DraftKings is set to emphasize its recent moves in prediction markets alongside its Q3 earnings report on Thursday. Investors and analysts are curious about the growth potential in the broader prediction market sector.
Company Overview and Market Position
Sports betting firm DraftKings Inc (NASDAQ:DKNG) may share details on how it is competing within the prediction market space and discuss a recent acquisition aimed at strengthening this position. The company’s Q3 financial results will be released after market close Thursday.
Earnings Estimates and Analyst Expectations
- DraftKings is expected to report Q3 revenue of approximately $1.23 billion, up from $1.09 billion in the same period last year, according to Benzinga Pro data.
- In the past 10 quarters, the company has surpassed revenue estimates in five quarters, including Q2 2025.
- Analysts forecast a loss of 40 cents per share in Q3, wider than last year’s loss of 17 cents per share for the same quarter.
- Despite expected losses, DraftKings has exceeded earnings per share estimates in nine of the last 10 quarters, including Q2 2025.
Bank of America Securities analyst Shaun C. Kelley downgraded both DraftKings and Flutter Entertainment ahead of their earnings reports.
Key Items To Watch
- How DraftKings plans to compete against prediction market platforms.
- Impact of recent acquisition in the prediction market space.
- Overall guidance for revenue and profitability going forward.
Additional Context
DraftKings is currently testing key support levels in the stock market, which could influence investor sentiment as earnings approach.
Author’s summary: DraftKings is preparing to reveal Q3 results highlighting strong NFL betting growth and strategic moves in prediction markets, amid mixed earnings expectations and analyst downgrades.