🟢 DraftKings is trading 7.17% up today as investors focus on strong engagement

DraftKings is trading 7.17% up at $23.76 as investors focus on engagement despite second-quarter revenue declining 5% to $1.44 billion.

• Sports Consumer Volume rose 15% to $13.1 billion; Monthly Unique Payers increased 9% to 3.6 million.
• Management reaffirmed 2026 revenue guidance of $6.5 billion–$6.9 billion and adjusted EBITDA guidance of $700 million–$900 million, emphasizing Predictions growth.
• A weaker-than-expected July jobs report lowered interest-rate expectations and supported broader consumer-discretionary stocks; XLY was reported up 1.97%.