Draftkings Inc (NASDAQ:DKNG) shares rose about 4% after the company reported mixed first quarter results, with stronger-than-expected revenue offset by a slight earnings miss.
The online sports betting and gaming company posted revenue of $1.65 billion for the quarter ended March 31, up 17% from $1.41 billion a year earlier and modestly ahead of analyst expectations of about $1.64 billion.
Block Inc (NYSE:SQ) shares rose about 6.5% after it reported stronger-than-expected first-quarter 2026 earnings, highlighted by solid profit growth and improved margins, despite a slight revenue miss.
Block (XYZ) reported adjusted earnings per share of $0.85, above analyst expectations of $0.68. Revenue came in at $6.06 billion, slightly below consensus estimates of $6.12 billion.
CoreWeave (NASDAQ:CRWV) reported strong first quarter revenue growth that topped Wall Street expectations, but shares fell sharply as wider-than-expected losses and softer forward guidance weighed on sentiment.
Revenue for the quarter reached $2.08 billion, up 112% from $982 million a year earlier and ahead of analyst estimates of about $1.97 billion, driven by continued demand for its AI infrastructure and cloud computing services.
Cloudflare (NYSE:NET) reported first-quarter 2026 results on May 7, beating analyst expectations for both revenue and earnings, but shares fell sharply after the company issued softer near-term guidance and announced a significant restructuring tied to an AI-focused operating model shift.
Shares of Cloudflare were down more than 21% at about $202 on Friday morning.
Prediction markets are placing long odds on a swift resolution to the US-Iran conflict, with traders on Polymarket, the cryptocurrency-based forecasting platform, assigning just a 34% probability of a permanent peace deal by 31 May 2026, rising to 54% by 30 June.
The market, which has attracted nearly $88 million in trading volume, implies the conflict is likely to be a protracted affair despite a flurry of diplomatic activity in recent days.