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DraftKings reported Q4 revenue $1.99B (+43% YoY), adjusted EBITDA $343M, and 8.0% net revenue margin vs 5.5% prior year. Management then guided 2026 revenue to $6.5-6.9B, $600M below consensus. Stock cratered 13%, extending the 12-month drawdown to -59%. At $21.76, DKNG trades at 10.6x forward P/E w

DraftKings posted its first-ever GAAP profit in FY2025 ($620M EBITDA, $663M operating cash flow) while the stock trades at 10.8x forward P/E with RSI at 16.9 — a 52% drawdown driven by 2026 revenue guidance missing consensus by ~9%. Factor decomposition shows 79.5% idiosyncratic variance (above the