DraftKings Q3 Preview: Record NFL Betting Expected, Will Prediction Markets Hurt Results, Guidance?

DraftKings Q3 Preview: Record NFL Betting and Market Competition

DraftKings is expected to emphasize its advances in prediction markets alongside its third-quarter earnings announcement on Thursday. Market participants may inquire about growth trends within the prediction market sector overall.

Company Updates and Market Position

DraftKings Inc (NASDAQ:DKNG), known for its sports betting operations, may reveal additional insights into its strategy against prediction market competitors and its recent acquisition related to this field upon reporting third-quarter financial results after market close.

Earnings Estimates

Analysts forecast DraftKings to report third-quarter revenue around $1.23 billion, an increase from $1.09 billion in the same quarter last year, based on data from Benzinga Pro.
The company has exceeded revenue estimates in half of the last ten quarters, including the second quarter just reported.
Expected earnings per share report a loss of 40 cents, wider than last year's loss of 17 cents per share for Q3.
DraftKings has outperformed earnings per share estimates in nine of the past ten quarters, including the most recent second quarter.

Analyst Opinions

Bank of America Securities analyst Shaun C. Kelley downgraded both DraftKings and peer company Flutter Entertainment (NYSE:FLUT) prior to their upcoming earnings announcements.

Key Monitoring Points

DraftKings is currently testing critical support levels in its stock performance.
Watch for how the company balances its core sports betting with the growing prediction markets.

Related Sector News

This week also features earnings reports from other notable companies including Joby, IonQ, and AMD.

Author's Summary: DraftKings prepares to report strong NFL betting results amidst strategic moves in prediction markets, facing both growth opportunities and analyst scrutiny ahead of Q3 earnings.

Benzinga — 2025-11-06