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06.11.26 - 20:12
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Tech Stocks Rebound as Dip Buyers Return to AI Trade (Bloomberg)
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Bloomberg's Tim Stenovec takes a look at what's driving a rebound in tech stocks as dip buyers step in to support the battered AI trade. Plus, Anthropic's IPO plans are hit by the post-election selloff, prompting prospective investors to rethink the company's expected valuation; and the CEOs of Lyft and DraftKings join to break down their earnings results. (Source: Bloomberg)...
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06.11.26 - 19:01
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Investing in Prediction Markets Will Pay Off, DraftKings CEO Says (Bloomberg)
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DraftKings shares fell as much as 29% on Friday after the company slashed its profit forecast, but it keeps investing heavily in prediction markets. Chief Executive Officer CEO Jason Robins says most of the $650 to $700 million dollars was used to acquire new customers. He speaks to Tim Stenovec on "Bloomberg Tech." (Source: Bloomberg)...
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06.11.26 - 17:24
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Airbnb Moves on Revenue; DraftKings Sinks on Forecast Miss | Stock Movers (Bloomberg)
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On this episode of Stock Movers:
- Moderna (MRNA) shares are gaining after the vaccinemaker boosted its revenue growth guidance for the full year. The firm also posted revenue for the third quarter that beat the average analyst estimate.
- Airbnb (ABNB) shares are moving after CEO Brian Chesky said his company is back in “growth mode” after it posted the fastest revenue gain in three years. The company now expects full-year revenue to grow in the “high teens” and lifted its full-year margin forecast for adjusted earnings before interest, taxes, depreciation and amortization to about 36%.
- DraftKings (DKNG) shares are sinking after the sports-betting company's 2027 adjusted Ebitda forecast missed the average analyst estimate. The company also cut its outlook for the current fiscal year, though Wall Street widely expected the reduction. (Source: Bloomberg)...
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06.11.26 - 15:42
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DraftKings Crashes As "Aggressive Prediction Investments" Drive EBITDA Outlook Cut (ZeroHedge)
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DraftKings Crashes As "Aggressive Prediction Investments" Drive EBITDA Outlook Cut
DraftKings shares crashed 24.5% in Friday's premarket trading after the sports betting operator slashed the midpoint of its 2026 adjusted EBITDA forecast to $225 million from $800 million. The mad dash into prediction markets overshadowed a 16% year-over-year increase in third-quarter revenue to $1.33 billion."In just a few months, we have become the clear number three Predictions exchange by Total Volume," CEO Jason Robins wrote in a letter to shareholders.BofA Securities gaming analyst Julie Hoover attributed $475 million of the $575 million guidance cut to additional investment in prediction markets. The remaining $100 million reflected a lower adjusted EBITDA forecast for the core business.Hoover wrote in her first take:Q3 Miss and 2027 estimate resetDraftKings (ticker: DKNG) reported Q3 revenue/EBITDA of $1.33/-316M vs. BofA $1.345B/-$100M and the Street's $1.393B/-66M. DKNG lowered their full year EBITDA...
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05.11.26 - 23:30
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DraftKings Q3 Loss Widens (AFX)
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WASHINGTON (dpa-AFX) - DraftKings Inc. (DKNG), a digital sports and gaming company, reported Thursday a wider loss for the third quarter, despite double-digit revenue growth. For the third quarter......
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05.11.26 - 23:24
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DraftKings Inc. Q3 Loss Rises (AFX)
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WASHINGTON (dpa-AFX) - DraftKings Inc. (DKNG) released Loss for its third quarter of -$468.72 millionThe company's bottom line came in at -$468.72 million, or -$0.94 per share. This compares with ......
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