DraftKings CEO Fires Back at Headline Calling Company ‘Struggling’
“We're doing great,” Jason Robins said in response to the article.
DraftKings CEO Jason Robins responded to a recent Fortune magazine article that labeled the company as “struggling.” During an interview at the Front Office Sports Asset Class event in New York, Robins dismissed the August Fortune story as a "total hit piece" and emphasized that the company is thriving. Despite the stock's recent decline, trading under $25 per share and more than 50% lower since early 2025, Robins shared that he does not obsess over daily stock fluctuations.
He stated, "Day to day, of course I check it. Worry about it day to day, not really, because you drive yourself crazy worrying day to day about it." Robins acknowledged the challenging competition from platforms like Kalshi and Polymarket, but noted that DraftKings is focusing on executing its strategy. The CEO also highlighted the unusual reaction of the stock to company news, stating that positive developments in the prediction market space have been met with a stock drop, while negative news, such as unfavorable court rulings, has led to an unexpected stock increase.
Written by urgent.news from Front Office Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
