Rough NFL start could weigh on DraftKings Q3 EBITDA There’s positivity around the operator’s parlay mix and structural hold Just two weeks into the 2025 NFL season and it’s becoming apparent that DraftKings (NASDAQ: DKNG), and likely its rivals, are reliving a prominent theme from last year: customer-friendly outcomes. For now, the situation is concerning enough that at least one analyst estimates the operator’s third-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) is trending lower. DraftKings Q3 earnings could be dinged by early NFL outcomes, but an analyst says there’s positivity around parlays and structural hold. (Image: Shutterstock/DraftKings/Casino.org) In a new note to clients, Citizens Equity Research Analyst Jordan Bender said that two weeks into the NFL season, DraftKings is “tracking below” the third-quarter consensus EBITDA forecast of $51 million – sentiment arriving with just two NFL weekends remaining before the end of the quarter. One culprit is easy to spot: the week one classic between the Baltimore Ravens…Â Read More
Category: Financial, NFL, Sports Betting, sports bettingÂ
Source: Casino.org
