DraftKings Q3 Preview: Record NFL Betting Expected, Will Prediction Markets Hurt Results, Guidance?
1. DraftKings reports earnings Thursday, with expected revenue of $1.23 billion. 2. Analysts predict a loss of 40 cents per share in Q3 earnings. 3. Bank of America downgraded DKNG from Buy to Neutral, citing market challenges. 4. Prediction markets and recent acquisitions are critical topics for future growth. 5. DraftKings has hit a 52-week low, down over 20% recently.