The high-stakes world of online gaming met a harsh reality check on Friday as shares of DraftKings Inc. (Nasdaq: DKNG) plummeted 13.4%, wiping out billions in market capitalization in a single trading session. The sell-off came despite the Boston-based operator reporting its first-ever year of positive net income in
BOSTON — In a move that left Wall Street scratching its head, DraftKings (NASDAQ: DKNG) reported a blowout fourth-quarter performance today, February 13, 2026, featuring profits that nearly tripled analyst expectations. However, the celebration was short-lived as a "conservative" and disappointing revenue guidance for the 2026 fiscal year sent shares screaming
Date: February 12, 2026Ticker: Mattel, Inc. (NASDAQ: MAT) Introduction As we enter the first quarter of 2026, Mattel, Inc. (NASDAQ: MAT) stands at a critical juncture in its decades-long history. Once viewed primarily as a plastic goods manufacturer, the El Segundo giant has successfully—if inconsistently—morphed into an intellectual property (IP) powerhouse. Following the epochal success [...]
Hospitality and casino entertainment company MGM Resorts (NYSE:MGM) reported Q4 CY2025 results topping the market’s revenue expectations, with sales up 6% year on year to $4.61 billion. Its non-GAAP profit of $1.60 per share was significantly above analysts’ consensus estimates.
IAC’s fourth quarter was marked by a year-on-year revenue decline but a modest beat on top-line consensus, while non-GAAP profit fell sharply short of Wall Street’s expectations. Management attributed the quarter’s results to rapid declines in traditional web traffic, ongoing print weakness, and the effects of AI-driven changes in digital publishing. CEO Barry Diller emphasized, “People grew digital revenue by 14%, defying the expectations of all the digital publishing doubters,” underscoring the company’s ability to deliver growth despite industry headwinds. The company’s ongoing transition toward diversified, off-platform revenue streams was cited as a key mitigator against further declines.
As of February 5, 2026, the global gaming and hospitality landscape has shifted from a post-pandemic recovery story to a battle for digital and international dominance. At the heart of this evolution is MGM Resorts International (NYSE: MGM), a legacy titan of the Las Vegas Strip that has spent the last five years aggressively pivoting [...]
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
jumped 11.5% in the afternoon session after its joint venture, BetMGM, reported better-than-expected fiscal year 2025 results, showing a significant improvement in profitability and revenue.
Despite MGM Resorts’ underperformance relative to the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.
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The global gaming landscape was shaken this week as Las Vegas Sands Corp. (NYSE: LVS) saw its shares crater by nearly 14% following the release of its fourth-quarter 2025 financial results. Despite delivering headline revenue and earnings figures that comfortably beat Wall Street estimates, the stock suffered its worst single-day
