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Truist analyst raises DraftKings fourth-quarter cash-flow forecast to $325m

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Truist Securities analyst Barry Jonas raised his DraftKings fourth-quarter 2025 cash-flow forecast to $325m from $223m, citing more favourable NFL hold in late 2025. He also increased his forecast for Flutter Entertainment to $340m from $323m and kept 2026 forecasts at $940m for DraftKings and $3.7bn for Flutter.

The revised forecasts provide investors with updated analyst estimates ahead of the companies’ fourth-quarter results.

End-of-day close DraftKings (DKNG), USD, to 20 March 2026
Story date22 December 202520 March 2026

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

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Flutter weighs FanDuel prediction market spending and profit potential

Flutter Entertainment chief executive Dan Taylor said on its 4 November earnings call that the company expects more clarity in the coming months on the economics of FanDuel Predicts. FanDuel recorded $119 million in trading volume in the third quarter; Flutter expects its market-making operation to generate $50 million in revenue and $40 million in adjusted EBITDA during 2026.

Dan Taylor, Flutter's chief executive, told the third-quarter earnings call on 4 November that the coming months should sharpen the company's view of how its prediction market business makes money. At issue is whether FanDuel Predicts can turn a profit by itself, or can only help recruit customers in states that could later permit online sports betting.

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