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DraftKings Shares Fall After 2026 Forecast Misses Estimates
DraftKings stock drops as 2026 guidance misses analyst forecasts.
DraftKings shares declined after the company issued a 2026 outlook that fell short of analyst expectations. Management cited higher promotional spending and competitive pressures within online sports betting markets. Revenue growth remains steady, but margin expansion may take longer than projected. Investors are monitoring regulatory developments and customer acquisition trends as competition intensifies across the key US states.