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

DraftKings Q3 Preview: Record NFL Betting Expected

DraftKings Inc. (NASDAQ: DKNG) is set to release its third-quarter financial results Thursday after market close, with an emphasis on its efforts in prediction markets and recent acquisitions in this space. The company is likely to discuss its competitive position against other prediction markets alongside overall sector growth.

Earnings Estimates

Analysts predict DraftKings will report Q3 revenue of $1.23 billion, up from $1.09 billion in the same period last year, according to Benzinga Pro data.
The firm has surpassed revenue estimates in five of the last ten quarters, including Q2 2025.
Net loss per share is expected to widen to 40 cents, compared to a loss of 17 cents per share in Q3 2024.
DraftKings has beaten earnings-per-share estimates in nine of the past ten quarters, including the most recent report.

Analyst Commentary

“Bank of America Securities analyst Shaun C. Kelley downgraded both DraftKings and peer company Flutter Entertainment (NYSE: FLUT) ahead of their upcoming earnings reports.”

Key Market Considerations

DraftKings is currently testing important support levels, which investors and analysts will likely monitor closely. The company’s financial performance and strategic moves in the prediction market sector remain central discussion points.

Items to Watch

Impact of NFL record betting levels on revenue.
Details on DraftKings' strategy and acquisitions in prediction markets.
Potential effect of broader prediction market growth on results.
Market response to guidance and analyst outlooks.

Related Information

Other companies with earnings this week include Joby, IonQ, and AMD.

Author's summary: DraftKings is expected to report strong Q3 revenue growth driven by NFL betting, while its moves in prediction markets and analyst downgrades create cautious investor sentiment.

Benzinga — 2025-11-06