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DraftKings Tanks On Q4 Results; Cathie Wood Unloads More Shares

HARRISON MILLER

2 min read

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⚡ Quantum Brief

DraftKings stock plummeted Friday after reporting Q4 earnings of 36 cents per share adjusted but missing user growth targets and issuing weaker-than-expected guidance for 2026. The selloff extended to competitor Flutter Entertainment, parent of FanDuel, as investors reacted to DraftKings’ disappointing outlook amid broader market volatility. Cathie Wood’s ARK Invest sold DraftKings shares Thursday while increasing holdings in crypto-related stocks, signaling a strategic shift away from prediction markets. A surprise drop in core CPI inflation to 2.5%—the lowest since 2021—added pressure to equities, with the Dow Jones falling alongside DraftKings’ decline. The earnings miss underscores challenges in user acquisition and retention for sports betting platforms, raising concerns about growth sustainability in the sector.

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BREAKING: Core CPI Inflation Falls To 2.5%, Lowest Since 2021DraftKings stock unraveled early Friday after the sportsbook and prediction markets operator missed earnings estimates and provided a lower-than-expected outlook. DKNG's drop bled over to FanDuel parent Flutter Entertainment (FLUT). Cathie Wood and ARK Invest off-loaded DraftKings stock on Thursday — and gobbled up more crypto stocks. DraftKings (DKNG) reported that Q4 earnings improved to 36 cents per share adjusted… 2/13/2026 Stock Market Today: The Dow Jones index dropped Friday on a surprise CPI inflation report. DraftKings plunged on earnings. 2/13/2026 Stock Market Today: The Dow Jones index dropped Friday on... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.©2026 Investor’s Business Daily, LLC.

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