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DraftKings Drops 24% as Airbnb Shares Rise 11%

After-hours trading split sharply among four companies in focus: DraftKings fell 24% after cutting its guidance, while Airbnb gained 11% on a strong outlook. Cloudflare rose after lifting its forecast, and Affirm slipped as its sales-volume growth disappointed some investors.

DraftKings Drops 24% as Airbnb Shares Rise 11%

DraftKings said it would spend more on its prediction markets platform and slashed its guidance. Its shares sank to $17.82 in after-hours trading Thursday.

Airbnb's outlook stood out against rivals' reports of softer travel trends ahead. Its shares gained to $188.89 after the bell. Cloudflare raised its outlook after revenue jumped 39% in the latest quarter, lifting its stock 14% to $279.

Affirm's gross merchandise volume increased, but by less than some optimistic investors had hoped. Its shares declined 8% to $63.62.

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