Why did DKNG stock drop today?

Shares fell after DraftKings guided 2026 revenue to $6.5–$6.9 billion versus roughly $7.3 billion expected. The gap implies slower growth and pushed investors to reprice the stock despite a Q4 beat. Markets want clearer proof that product innovation and state expansion can deliver higher margins and stronger cash flow.

What should investors watch after the guidance reset?

Focus on product adoption, cross-sell to iGaming, and updates on state launches. Track promo intensity, contribution profit by cohort, and margin progress. If revenue per user and cash generation improve, sentiment can recover. Any upward revisions to guidance or consistent beats would be positive signals for DKNG stock.

How does valuation look after the selloff?

TTM EPS remains negative while the price-to-sales ratio is about 2.3, so the story still relies on future cash flow. Investors should compare marketing ROI, gross margin, and free cash flow trends with peers. Evidence of durable margins and lower promo costs could support multiple expansion over time.

Are analysts still positive on DraftKings?

Analyst sentiment is broadly constructive with 29 Buy, 3 Hold, and 1 Sell ratings. However, some quantitative and fundamental scores are cautious, reflecting execution and profitability risks. Watch how upcoming results, state wins, and product KPIs align with the 2026 plan. Upward estimate revisions would help the outlook.

Global Market Insights

DKNG Stock Today: February 13 – Shares Sink on 2026 Revenue Guide Miss

ByHuzaifa Zahoor February 13, 2026February 13, 2026

DKNG stock fell today as DraftKings guided 2026 revenue to $6.5–$6.9 billion, below the ~$7.3 billion Street view, despite a Q4 earnings beat. Shares of DKNG slid about 15% as investors reset growth and margin expectations. Management highlighted new products like prediction markets and ongoing state expansion to drive scale. We break down what the guidance miss means, how the sports betting outlook stacks up, and what levels traders are watching now.