Biggest stock movers Thursday: ABNB, DKNG, and more

Stock futures edged higher early Thursday as investors weighed President Donald Trump’s newly announced 100% tariff on imported semiconductors, exempting companies manufacturing in the U.S.

Here are some of Thursday’s biggest stock movers:

Biggest stock gainers

• DraftKings (NASDAQ:DKNG) +7% – Shares jumped after the company reported mixed Q2 results but delivered upbeat guidance. Revenue rose 37.3% Y/Y, while monthly unique paying customers increased 6% to 3.3M. Average revenue per user climbed 29%, driven by higher sportsbook hold and improved promotional efficiency. DraftKings posted record adjusted EBITDA of $301M vs. $243.8M consensus. The company reaffirmed FY2025 revenue guidance of $6.2B–$6.4B (midpoint: $6.3B), with expectations leaning toward the higher end as it eyes a new state launch.

Biggest stock losers

• Airbnb (NASDAQ:ABNB) -6% – Shares dipped after the company’s conservative Q3 outlook overshadowed upbeat Q2 results. While Q3 revenue is projected to grow 8–10% to $4.02B–$4.10B, aligning with the $4.05B consensus, the pace marks a slowdown from 13% growth in Q2. Airbnb expects over $2B in adjusted EBITDA for the full year, but at a lower margin of 34.5% due to increased spending on growth and policy initiatives. The company also flagged similar Y/Y margin declines for Q4 and expects Q3 nights and seats booked to stay “relatively stable” Q/Q.
• Lyft (NASDAQ:LYFT) -4% – Shares came under pressure following mixed Q2 results, as revenue, despite rising 11% Y/Y, narrowly missed expectations. Gross bookings hit a record $4.5B, marking the 10th straight quarter of new highs, while active riders posted a ninth consecutive quarter of double-digit growth. For the current quarter, Lyft guided for gross bookings of $4.65B–$4.8B (above estimates), adjusted EBITDA of $125M–$145M, and EBITDA margin of 2.7%–3.0%.
• e.l.f. Beauty (NYSE:ELF) -11% – Shares dropped after the cosmetics company reported Q2 results and issued cautious guidance for the first half of the fiscal year. The company now expects adjusted EBITDA margins of around 20%, down from approximately 23% in the prior-year period. Management declined to provide a full-year fiscal 2026 outlook, citing uncertainty around tariffs and a wide range of possible outcomes.