DraftKings reported a third-quarter adjusted EBITDA loss of $316.9 million and a GAAP net loss of about $469 million, a $152.1 million gap. DKNG shares then fell by around a quarter when the market opened. SueWallSt notifies investors of a pending investigation into potential securities law violations on behalf of shareholders who lost money.
NEW YORK, Nov. 9, 2026 /PRNewswire/ -- DraftKings (NASDAQ: DKNG) reported a $469 million third-quarter net loss on November 6, 2026, and shareholders watched the stock drop sharply following the report. If you owned DKNG going into that report and lost money, you may have legal rights. Shareholders who suffered losses are encouraged to request a review of their DKNG losses now. You may also contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt.
One quarter produced two loss figures. DraftKings reported an adjusted EBITDA loss of $316.9 million for the three months ended September 30, 2026. Its GAAP net loss for the same period was $469 million, which is $152.1 million deeper.
SueWallSt notifies investors of a pending investigation into potential securities law violations on behalf of DraftKings shareholders who lost money in the November 6 decline. The investigation includes how the Company's quarterly figures were presented to investors.
If the November 6 drop in DKNG cost you money, start your confidential DKNG loss review or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured billions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the DKNG Investigation
Q: How much did DKNG stock drop? A: Shares opened down roughly $6.18 per share, a decline of about 26.28% to open at around $17.34 per share on November 6, 2026. The decline followed the Company's disclosure of third-quarter results, including a $469 million net loss, and a reduced fiscal 2026 revenue outlook. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek compensation.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether DraftKings made materially false or misleading statements regarding its financial results and the cost of its prediction-markets business. When the Company disclosed its third-quarter results on November 6, 2026, the stock price declined sharply.
Q: What do DKNG investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: You need brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my DKNG shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought DKNG and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis. Any attorneys' fees and expenses are subject to court approval.
Q: What if I live outside the United States? A: U.S. securities investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
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SOURCE SueWallSt.com
