DraftKings IncDKNG
▼ NegativeDemandrelevance
Guidance reflects slower customer growth and higher costs, raising concerns about losing ground to prediction markets.
Impact on assets 1
Consumer Discretionary
DraftKings IncJanus Henderson Forty Fund held onto DraftKings during the first quarter of 2026, citing long-term opportunity even after the stock fell on weaker guidance. The fund returned negative 12.25 percent in the quarter, underperforming the Russell 1000 Growth Index's negative 9.78 percent, partly due to consumer discretionary picks. DraftKings shares dropped after the company issued initial 2026 guidance that reflected higher operating costs and slower customer growth, raising concerns that traditional sports betting is losing ground to prediction markets. The fund believes DraftKings can benefit from its expansion into predictions, leveraging brand strength and economies of scale, and remains positive on its innovation and use of AI to drive engagement. DraftKings closed at $28.51 per share on June 16, 2026, with a market capitalization of $14.00 billion.
DraftKings IncGuidance reflects slower customer growth and higher costs, raising concerns about losing ground to prediction markets.