DraftKings (DKNG) Falls to $18.51 After Q3 2026 Earnings Miss

As seen on the 24/7 Wall St. homepage on November 6, 2026.

DKNG DraftKings

52-week low

Nov 6, 5:00pm ET

$18.51

-0.43% vs prior 52-week low · Oct 2, 2026

A Q3 2026 earnings miss filed Friday morning left DraftKings at a fresh low of $18.51, undercutting its October 2 bottom. Suppliers Light & Wonder and IGT sit downstream of the same betting demand.

Before the move last 24 hours

Nov 6, 6:50 AM ETEarnings release

DKNG Q3 2026 earnings miss

SEC EDGAR

Related stocks today

LNWOLight & Wonder, Inc.Supplier—

Dec 31, 2025 · SEC 10-K
IGTInternational Game TechnologySupplier—

Feb 13, 7:10 AM ET · SEC 10-K

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DraftKings shares touched $18.51 on Friday, undercutting the prior low set on October 2 and marking a new multi-month bottom after the company filed a Q3 2026 earnings miss with the SEC. Breaking below the October 2 floor resets where support sits for the stock.

Shares had traded as high as $35.66 during the past year before a steady slide through the second half of the period. Losing the October 2 low removes the most recent identifiable support investors could point to, leaving the stock without a clear technical base.

Sources

Mentioned: DKNG, LNWO, IGT

Related Market Updates

Biggest movers · At the close Nov 6, 4:10pm ET

Gainers

IONQIonQ$31.99+20.0%
IRENIREN$21.68+18.6%
CIFRCipher Digital$6.52+16.9%
COHRCoherent$192.91+14.2%
SMRNuScale Power$4.99+13.3%

Losers

OPENOpendoor Technologies$1.4-21.4%
DKNGDraftKings$18.52-20.9%
AXONAxon Enterprise$313.07-18.4%
EXPEExpedia$259.03-5.2%
ASANAsana$10.63-4.8%

Friday's close spanned more than 41 points, from IonQ up 20% to Opendoor down 21%, an unusually wide gap across a 378-name priority list. DraftKings and Axon both shed roughly a fifth of their value in the same session.

Biggest movers · On the open Nov 6, 9:50am ET

Gainers

IRENIREN$20.35+11.3%
LRCXLam Research$201.97+9.3%
ABNBAirbnb$186.18+9.2%
AMDAMD$435.85+7.9%
KLACKLA$138.1+7.6%

Losers

DKNGDraftKings$16.63-29.0%
AXONAxon Enterprise$311.65-18.8%
NTRANatera$307.66-15.4%
LYFTLyft$16.46-7.9%
OPENOpendoor Technologies$1.66-6.7%

DraftKings opened down nearly 29% at $16.63, a 40-point gap between it and the day's top gainer across our 379-stock board. Semis and travel took the other side, with Lam Research, Airbnb and AMD all up 8% or more.

DKNG DraftKings

Q3 2026

Nov 6, 6:50am ET

EPS

-$0.53

est -$0.19 -178.8%

Revenue

$1.33B

est $1.40B -5.1%

Marketing spend for the new Predictions product jumped to $605.7 million, blowing out the loss and forcing a cut to full-year revenue and adjusted EBITDA guidance. Management is asking investors to wait for 2027, when it promises $800 million to $1.0 billion in adjusted EBITDA. With shares near multi-year lows, that promise is the investment case.

Earnings · 2026 Q3 Jason Robins See Remarks, DraftKings

Nov 6, 6:50am ET

More than 1.6 million customers have engaged with Predictions year-to-date, and combined with the strength of our core, we believe we are set up for an exceptional 2027.

Robins is putting prediction markets at the center of DraftKings' 2027 story, a direct answer to the Kalshi and Polymarket encroachment on sportsbook turf. For an $11.7 billion company, how fast that user base converts into real handle is the number that decides next year.

Earnings · 2026 Q3 Jason Robins See Remarks, DraftKings

Nov 6, 6:50am ET

The third quarter marked a pivotal moment for DraftKings, as the Predictions offering we have been building is now powering meaningful growth for our business.

Prediction markets just moved from side project to growth driver at DraftKings, and CEO Jason Robins is putting them at the center of the third quarter story. For an $11.7 billion company whose identity has been sports betting, that is a new revenue line investors have not yet modeled.

Biggest movers · On the open Oct 5, 9:50am ET

Gainers

PBR-APetrobras$21.83+11.4%
PBRPetrobras$24.01+10.9%
IOTSamsara$44.03+7.1%
MELIMercadoLibre$1,795.34+5.8%
DKNGDraftKings$19.45+4.6%

Losers

NVTSNavitas Semiconductor$11.88-4.2%
CVECenovus Energy$31.34-3.3%
HPEHewlett Packard Enterprise$67.09-3.2%
OPENOpendoor Technologies$2.38-2.5%
APLDApplied Digital$24.76-2.5%

Both Petrobras lines are up double digits at the open, with the preferred shares leading at 11.4%, a rare size of move for a mega-cap oil name. The worst loser, Navitas Semiconductor, is off just 4.2%.

DKNG DraftKings

After-hours

Sep 29, 4:20pm ET

$19.59

-7.86% open $21.26

DraftKings shed 7.86% off its $21.26 open to $19.59, a single-session hit that leaves the market cap under $10 billion. Moves this size are where sentiment in the name gets reset, so keep an eye on whether $19.59 holds.

Biggest movers · At the close Sep 29, 4:10pm ET

Gainers

BEBloom Energy$292.34+11.2%
RCLRoyal Caribbean Cruises$260.42+7.3%
LITELumentum$972.47+5.5%
DUOLDuolingo$141.67+5.5%
AMATApplied Materials$512.29+5.2%

Losers

AMCAMC Entertainment$3.05-7.5%
DKNGDraftKings$19.62-7.3%
ASANAsana$8.28-4.2%
FUBOfuboTV$9.1-3.7%
SLBSchlumberger$49.63-3.6%

Bloom Energy closed up 11.21% at $292.34, the only double-digit gain in a 383-name priority list. The other end was just as loud: AMC and DraftKings both gave up more than 7%.

Biggest movers · At the close Sep 17, 4:10pm ET

Gainers

TEMTempus AI$80.08+14.5%
SMRNuScale Power$9.15+10.2%
IONQIonQ$40.31+9.4%
SMCISuper Micro Computer$40.28+9.3%
ALABAstera Labs$293.29+9.0%

Losers

DKNGDraftKings$22.54-7.4%
FUBOfuboTV$9.93-6.4%
CRWVCoreWeave$80.15-3.9%
SPOTSpotify$529.96-3.2%
AXONAxon Enterprise$453.59-3.2%

Tempus AI closed 14.46% higher, the biggest move in a 111-name priority list where four other gainers ran 9% or better. The downside was far tamer: DraftKings led decliners at 7.38%, and nothing else lost more than 6.4%.