DraftKings cuts 2026 earnings forecast by up to $625 million as quarterly losses nearly double

DraftKings has lowered its full-year 2026 adjusted EBITDA guidance by up to $625 million to a range of $175 million to $275 million, down from its prior forecast of $700 million to $900 million. The revision comes as investments into its prediction markets business weigh on profitability, causing quarterly losses to nearly double despite a 16% increase in third-quarter revenue. The operator has also trimmed its full-year revenue projection to $6.35 billion.

Summary based on reporting by Yogonet, which retains all rights to its text and images.

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