DraftKings

DraftKings shares fell about 4% after CEO Jason Robins said the company plans to accelerate marketing and promotions for its fast-growing prediction-markets product, a move that could compress near-term margins. Robins noted regulatory uncertainty around prediction markets and tied additional spending to incoming performance data. Peer Flutter Entertainment slipped on similar spending concerns, while Robinhood rose as investors favor platforms that already have prediction-market customers. » Mere på finance.yahoo.com

DraftKings reported a 15% year-over-year rise in sportsbook handle at the start of the NFL season and maintained its target of about $1 billion in adjusted EBITDA for 2026. Prediction markets trading volume has climbed to nearly 2.5 times July levels, with over 1 million customers and a near-double-digit share of consumer volume, prompting plans for increased marketing spend. The company said iGaming share is recovering in select states, targets ~30% adjusted EBITDA margins in mature sportsbook markets, and expects continued organic growth rather than acquisitions. » Mere på finance.yahoo.com

Canaccord analyzes a mixed NFL season start for betting operators, in which the majority of moneyline bets in many games fell on the winners and operators were partially relieved on spread bets. DraftKings recorded strong growth in its DKeX nominal volume, up 125% to $441 million, reaching a 4.5% share on Sunday. Overall nominal volume at Kalshi rose 10% to $13.1 billion, while reported wagers in five U.S. states fell 10% in August. » Mere på de.investing.com