DraftKings sinks 8% premarket after cutting revenue forecast

DraftKings sinks 8% premarket after cutting revenue forecast

DraftKings shares fell 8% in premarket trading on Friday after the sports betting firm cut its annual revenue forecast by $300 million to $5.9-6.1 billion and posted mixed Q3 results. CEO Jason Robins said prediction markets aren't a threat to its core business. The company cited new market launches and product expansion for the guidance revision.

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