2 hours ago
2
David Moadel
Mon, March 23, 2026 astatine 9:15 AM CDT 5 min read
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DraftKings (DKNG) reported Q4 2025 gross of $1.99B, up 42.8% year-over-year, with adjusted EPS of $0.36 beating statement by 100%, and achieved its archetypal full-year GAAP nett income portion expanding into DraftKings Predictions.
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Penn Entertainment (PENN) posted 73% year-over-year online sportsbook maturation and 40% iCasino maturation successful Q4 2025, with its Interactive conception achieving affirmative adjusted EBITDA successful December pursuing the strategical reset and ESPN concern termination.
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A wide marketplace rally triggered by President Trump’s Iran comments is lifting beaten-down user cyclicals including sports betting stocks, which person been oversold contempt measurable operational advancement successful their halfway businesses.
DraftKings (NASDAQ:DKNG) banal is up 5% and Penn Entertainment (NASDAQ:PENN) banal is up 7% successful aboriginal trading connected Monday. The simultaneous assistance suggests thing bigger is astatine play beyond idiosyncratic institution news.
Part of the communicative is the broader market. The NASDAQ 100 is surging contiguous connected comments from President Trump regarding Iran, giving hazard assets a tailwind. When sentiment shifts market-wide, beaten-down user cyclicals thin to drawback a bid fast, and sports betting stocks acceptable that illustration close now.
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Both DKNG and PENN person had a unsmooth stretch. DraftKings shares were down 31% year-to-date heading into today's session, portion Penn Entertainment shares were down astir 7% year-to-date. Today's moves are helping to easiness those losses, and they rise a just question: is the assemblage uncovering a floor?
The erstwhile selloff successful DKNG banal has been hard to quadrate with the underlying business. DraftKings posted Q4 2025 gross of $1.99 billion, up 42.8% year-over-year, and adjusted EPS of $0.36 against a statement estimation of $0.18. The institution besides reported its first-ever full-year GAAP nett income of $3.71 million, a milestone that often gets glossed implicit successful the sound astir guidance.
The banal fell aft that study anyway. Investors focused connected 2026 guidance of $6.5 cardinal to $6.9 cardinal successful gross and $700 cardinal to $900 cardinal successful adjusted EBITDA, which came successful beneath immoderate expectations owed to planned concern successful DraftKings Predictions, a federally regulated lawsuit contracts merchandise nether CFTC oversight. That's a near-term resistance connected margins, but besides an enlargement into a caller addressable market.
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