HomeIndustriesSportsA report released just days before the start of the FIFA World Cup finds a correlation between sports betting and not having enough to eatLast Updated: June 11, 2026 at 6:38 a.m. ET
First Published: June 10, 2026 at 4:29 p.m. ET
Just as people are expected to wager $60 billion on the World Cup, which kicks off Thursday, a new research paper warns that many bettors may be gambling away their grocery money.
“Wagering the Bread Money: Sports Betting Legalization and Food Sufficiency,” published by the nonprofit National Bureau of Economic Research this week, finds a correlation between sports betting and lower food sufficiency, a measure of whether a household has enough to eat. Food insufficiency is considered more severe than food insecurity, defined as having access to food but worrying about it running out or not being nutritious enough.
DraftKings Inc. disclosed strong 24% May month-over-month volume growth to $1.3 billion in the company's prediction market platform. The platform is gaining scale but remains small for now. DraftKings Predictions' volume is still tens of times smaller than Kalshi's or Polymarket's. DKNG's platform should see significant further growth through a marketing ramp-up and platform improvements; the platform launch is still early.
NEW YORK--(BUSINESS WIRE)---- $DKNG #ARCEntertainmentGroup--TRWD reserves "ARC Entertainment Group" as it builds a multi-brand empire to roll up the $10B adult nightlife sector.
An influx of trading volume has completely reshaped the near-term technical and fundamental setup for DraftKings NASDAQ: DKNG.
DraftKings is currently trading in the $28 to $29 range, extending a double-digit percentage gain that began after the company’s latest prediction-market disclosure.
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The catalyst driving this sharp price action is not a mysterious acquisition or a speculative short squeeze. Wall Street is repricing DraftKings following a June 9 Securities and Exchange Commission Form 8-K disclosure that revealed preliminary, unaudited May operating metrics for DraftKings Predictions, the event-contract platform the company launched on Dec. 19, 2025.
Early traction behind the 50-state Super App strategy—$3.1 billion in annualized total volume traded—suggests DraftKings may be opening a new user-acquisition channel in states where online sports betting remains limited or unavailable. This data supports the idea that Predictions could become a meaningful non-traditional vertical, though investors still need to see whether trading volume converts into durable revenue, margin expansion, and customer growth.
DraftKings' $3.1 Billion Prediction JackpotThe metrics embedded in the recent regulatory filing highlight a product that is finding immediate product-market fit. Annualized consumer volume in the Predictions offering accelerated 24% month-over-month to $1.3 billion. More impressively, annualized total volume traded reached $3.1 billion, up 34% from April.
Understanding the distinction between these volume metrics and traditional sports betting handle is essential for evaluating the revenue potential DraftKings commands. In a legacy sportsbook model, handle refers to the capital wagered on an outcome. If a user wagers on a football game, that capital is illiquid until the event concludes.
Prediction markets operate as dynamic trading ecosystems. Participants can buy and sell contracts multiple times as real-world probabilities shift before an event resolves. The $3.1 billion annualized total volume traded figure includes traders entering and exiting positions, creating a high-velocity capital environment. This structure allows DraftKings to capture consistent transaction fees without absorbing the heavy directional risk exposure that occasionally compresses margins in traditional sports betting.
While $3.1 billion is a formidable number for a newly launched product, DraftKings is only scratching the surface of the broader prediction market ecosystem.
Rival platforms like Kalshi currently execute mid-tens of billions in notional monthly volume, while Polymarket regularly processes high single-digit billions. The market is bidding up DraftKings because it is showing signs of capturing early market share in an industry with a massive, proven runway for exponential growth.
The 50-State Super App StrategyThe true value of the prediction market rollout lies in how it supports the overarching Super App framework DraftKings envisions.
For years, the core fundamental headwind facing digital gaming operators has been the grueling, state-by-state battle for legislative approval. Expanding a traditional sportsbook requires lobbying state legislatures, fighting local referendums, and navigating a patchwork of complex tax structures.
Current Price$28.79High Forecast$50.00Average Forecast$34.21Low Forecast$20.00DraftKings Stock Forecast Details
Event contracts provide a frictionless backdoor to nationwide user acquisition. Because prediction markets operate under different regulatory classifications than traditional sports wagering, DraftKings can deploy this ecosystem across jurisdictions where legacy sports betting remains illegal. By dynamically adjusting the product mix by local jurisdiction, DraftKings could bypass the legislative gridlock constraining its core business model.
This structural shift would broaden the entire growth narrative surrounding DraftKings. Investors are no longer solely dependent on waiting for a new state to legalize sports betting; they are now evaluating a platform capable of scaling an active user base nationwide.
And analysts are paying attention. UBS recently reiterated a Buy rating and boosted its price target from $43 to $49, while others remain constructive. TD Cowen maintained a Buy rating with a $30 target and pointed to prediction markets as a large, early-stage opportunity. Morgan Stanley also maintained an Overweight rating with a $39 price target.
Smart Money Bets Big on DraftKingsDerivative markets immediately recognized the fundamental shift, reflecting an aggressive bullish pivot.
Options chains experienced a massive influx of short-dated call buying as institutions positioned for near-term upside. Volume concentrated heavily around the $27, $29, and $30 strike calls expiring June 12. The $30 strike call registered over 6,365 contracts traded against a prior open interest of just 2,243.
When option volume substantially exceeds existing open interest on out-of-the-money strikes, the activity indicates acute speculative interest and institutional repositioning rather than simple hedging. Smart money seems to be positioning DraftKings for a sustained move higher.
The underlying equity technicals support this bullish derivative flow. Following a sluggish 30-day trend where DraftKings languished below major resistance levels, the sudden price appreciation pushed DraftKings above the 20-day simple moving average at $25.04 and the 50-day simple moving average at $23.84.
Despite the sheer velocity of the move, DraftKings is not technically overextended. The Relative Strength Index, which is a momentum oscillator that measures the speed and change of price movements on a scale of zero to 100, currently sits at a neutral 51.23. A reading near 50 indicates DraftKings has substantial technical headroom to run before hitting overbought territory, typically defined as a Relative Strength Index reading above 70.
What's Your Best Bet?While institutional sentiment remains constructive, evaluating the broader ownership landscape requires examining insider activity. Trailing six-month data shows some distribution among key DraftKings executives. Co-founder Paul Liberman recently sold 484,417 shares of DraftKings, and Woodrow Levin sold 34,234 shares. However, executive stock sales often relate to tax obligations, portfolio diversification, or scheduled 10b5-1 trading plans rather than a lack of confidence in the underlying business fundamentals. The divergence between structural insider profit-taking and aggressive institutional derivative accumulation frequently occurs during major business pivots, just as we see with DraftKings right now.
DraftKings now faces established overhead resistance near the $32 level, with downside support forming at the $23.50 technical breakout zone. The rapid scaling of the predictions platform fundamentally improves DraftKings' revenue mix and national footprint, warranting a higher valuation multiple.
Investors with a higher risk tolerance might consider utilizing options spreads to capture further upside toward the $32 resistance level while strictly defining downside risk. Cautious market participants may prefer to let the initial volatility settle and watch for a constructive pullback near the 50-day moving average before initiating a position in DraftKings.
DraftKings Inc. (DKNG) Price Chart for Friday, June, 12, 2026
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Prospect Capital Corporation (NASDAQ:PSEC) pays a 21.7% annualized yield by sending shareholders $0.045 per share every month. That number attracts income investors the way a bright light attracts moths, but the history of this yield tells a more cautious story.
business development company lending middle market finance What PSEC Is and How It Pays You Prospect Capital is a business development company, not an ETF. BDCs lend money to mid-sized private businesses, collect interest, and distribute most of that income to shareholders. The dividend comes from net investment income: the spread between what PSEC earns on its loans and what it costs to borrow. Think of it as a leveraged lending operation that passes profits directly to you.
The current portfolio holds 91 portfolio companies with 71.4% of the book in first lien senior secured loans, the highest-priority debt in a borrower’s capital structure. That rotation toward safer collateral is deliberate. Non-accrual loans sit at just 0.7% of total assets, which is low for a BDC of this size.
The Coverage Ratio Masks a Deteriorating Trend For BDCs, net investment income per share is the right coverage metric. On that measure, the current distribution is covered. Q2 FY2026 NII came in at $0.19 per share, comfortably above the $0.135 per share in quarterly distributions. Real income covering a real payout, with margin to spare.
The problem sits beneath that line. Over the past four quarters, Prospect has recorded cumulative realized and unrealized losses of roughly $675 million. These are permanent write-downs on loans that went wrong, eroding the asset base that generates future income. A shrinking pool of earning assets means less NII down the road, even if today’s coverage ratio looks adequate.
NAV per share tells the story most clearly:
NAV has declined from $7.84 a year ago to $6.21 today. Every quarter in that span has been lower than the one before. A BDC paying out more than it earns in realized terms is gradually liquidating itself, and distributions may eventually reflect that reality.
This Yield Has Been Cut Before The 21% yield is the current yield at a depressed stock price, and the payout has already been reduced twice in roughly a decade. In 2017, the monthly distribution was cut from $0.083 to $0.06, a 28% reduction. Then in late 2024, the distribution was cut again from $0.06 to $0.045, a 25% reduction. Shareholders who held through both cuts watched their income stream shrink by nearly half from its peak.
The current 3.75% Fed funds rate adds pressure. Falling base rates compress the yield PSEC earns on its floating-rate loans. The annualized portfolio yield has already dropped from 9.7% to 9.1% year-over-year, and PIK interest income fell from $33.1 million to $15.4 million in the same period. That is a meaningful compression in earning power.
One Reason for Cautious Optimism COO M. Grier Eliasek purchased 942,800 shares at almost $2.92 in February 2026, an open-market buy totaling roughly $2.75 million. Insiders do not typically spend that kind of money on a stock they expect to collapse. Insiders own 27.5% of the company, so management’s interests are genuinely aligned with shareholders. The $300 million debt maturity in November 2026 is the next real test: if Prospect refinances cleanly in a lower-rate environment, near-term distribution risk recedes.
The Verdict The distribution is technically covered by NII today, but the structural backdrop is deteriorating. Shares have fallen 26% over the past year, meaning investors collecting a 21% yield have still lost ground on a total return basis. NAV erosion, two dividend cuts in eight years, and a shrinking portfolio all point in the same direction. This yield is probably unsustainable at its current level over a multi-year horizon, particularly if base rates continue falling and realized losses persist. Income investors who need capital stability should approach with serious caution. The current discount to NAV of $6.21 is notable context, but only meaningful alongside a clear view of what the history here actually shows.
GraniteShares Advisors LLC bought a new stake in Prospect Capital Corporation (NASDAQ: PSEC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,059,980 shares of the financial services provider's stock, valued at approximately $2,745,000. Prospect Capital makes up
GraniteShares Advisors LLC purchased a new stake in Prospect Capital Corporation (NASDAQ: PSEC) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,059,980 shares of the financial services provider's stock, valued at approximately $2,745,000. Prospect Capital comprises approximately 1.7% of
New modular seating, dining and coordinated sets bring elevated coastal style to outdoor entertaining CANTON, Ga., April 22, 2026 /PRNewswire/ -- Ubique Group, a leading provider of commercial and residential furniture, today announced the expansion of the Martha Stewart Lily Pond Patio Collection, introducing a wicker series of patio furniture thoughtfully crafted to embody Martha's effortless outdoor style.
NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Prospect Enhanced Yield Fund (“PENF” or the “Fund”) announced today that the Fund's Board of Directors has declared monthly cash shareholder distributions for April 2026, May 2026, and June 2026. These distributions represent the seventh, eighth, and nineth monthly distributions paid by the Fund.
NEW YORK, May 04, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") and an affiliate have provided a first lien senior secured term loan and a preferred equity investment in Security Fire Systems ("SFS"), aggregating approximately $26 million, in collaboration with Blackford Capital.
Prospect Capital (NASDAQ:PSEC) pays a monthly distribution of $0.045 per share, which works out to $0.54 annualized and a yield of roughly 20.1% at a recent share price of almost $3. A yield that fat usually flashes a warning, and the company did cut its monthly payout from $0.06 to $0.045 in late 2024. The question for income investors is whether the new, lower distribution is finally on solid footing.
How Prospect Capital Actually Earns Its Yield PSEC is an externally managed Business Development Company that functions as a high-yield income vehicle for retail investors. Income flows from interest on direct loans to middle-market businesses, with smaller contributions from payment-in-kind interest, controlled-affiliate dividends, and real estate held through National Property REIT Corp.
Management has spent the last two years rotating into the safest part of the capital stack. First lien senior secured middle market loans now make up 71% of the portfolio at cost, up 728 basis points since June 2024, while subordinated structured notes have been wound down toward 0.3%. The target borrower is a company with less than $50 million in EBITDA, and software exposure sits at 3% versus a 22% BDC industry average, sidestepping the most crowded corner of private credit.
Does Net Investment Income Cover the Check? The cleanest read on dividend safety for a BDC is net investment income (NII) per share against the distribution. In fiscal Q2 2026, PSEC reported NII of $90.89 million, or $0.19 per share, against a quarterly distribution of $0.135. That is roughly 1.4x coverage.
Q1 2026 NII of $0.17 per share covered the same payout about 1.26x and beat the $0.11 consensus. Interest coverage at the BDC level reached 426%, up from 339% the prior quarter.
Credit quality has firmed alongside the rotation. Non-accrual loans came in at 0.7% of total assets, down from a 4% peak in fiscal Q4 2025. Total liabilities fell 49% year over year, and the next institutional bond maturity is $300 million in November 2026, giving management runway to keep grinding through the portfolio without refinancing pressure.
What Should Still Worry Owners The distribution is funded, but the equity has been bleeding. Net asset value per share dropped to $6.21 from $7.84 a year earlier, and the portfolio company count fell to 91 from 114. Realized investment losses of $141.3 million in Q2 2026 and $308.5 million in Q4 2025 drove the NAV erosion. Annualized current yield on investments has slipped from 9.7% to 9.1% as lower base rates and the rotation into safer first lien paper compress income.
Total return reflects all of that. PSEC has returned negative 8% over the past year and negative 37% over five years on a price basis, even with the fat coupon. One contrarian signal worth weighing: COO M. Grier Eliasek bought 942,800 shares at around $3 on February 11, 2026, roughly $2.75 million of open-market insider buying.
Verdict on the Distribution The current $0.045 monthly distribution looks safe through at least the next several quarters. NII covers it with cushion, non-accruals are normalized, leverage is down, and there are no near-term debt walls. The yield premium over the 4.42% 10-year Treasury is real compensation for credit risk. PSEC fits investors who want monthly cash and accept that the principal will keep grinding lower while management finishes repositioning. Anyone counting on capital appreciation alongside the coupon should look elsewhere.
May 06, 2026 09:00 ET | Source: Prospect Capital Corporation
NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company” or “Prospect”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal quarter ended March 31, 2026 and to issue its earnings press release on Thursday, May 7, 2026, after the close of the markets.
The Company will host a conference call on Friday, May 8, 2026 at 9:00 a.m. Eastern Time. The conference call dial-in number will be 888-338-7333. A recording of the conference call will be available for approximately 30 days. To hear a replay, call 855-669-9658 and use passcode 1182378.
The conference call will also be available via a live listen-only webcast on the Company’s website, www.prospectstreet.com. Please allow extra time prior to the call to visit the site and download any necessary software that may be needed to listen to the Internet broadcast.
About Prospect Capital Corporation
Prospect is a business development company that primarily lends to and invests in middle market privately-held companies. Prospect’s investment objective is to generate both current income and long-term capital appreciation.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
For additional information, contact:
Grier Eliasek, President and Chief Operating Officer [email protected]
Telephone (212) 448-0702
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended March 31, 2026.
Lennar (NYSE:LEN) Updates Q3 2026 Earnings GuidanceLennar (NYSE:LEN) updated its third quarter 2026 earnings guidance. The company provided EPS guidance of 1.200-1.400 for the period, compared to the consensus estimate of 1.710.
MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in StockMarketBeat
MSA Safety Incorporporated (NYSE:MSA - Get Free Report) CFO Julie Beck bought 448 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the purchase, the chief financial officer owned 3,825 shares of the company's stock, valued at $606,989.25. This represents a 13.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NYSE:MSA
Read MSA Safety Incorporporated (NYSE:MSA) CFO Acquires $71,093.12 in Stock
3 hours ago
Insider Selling: NBT Bancorp (NASDAQ:NBTB) Director Sells 2,100 Shares of StockMarketBeat
NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director Heidi Hoeller sold 2,100 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $48.03, for a total transaction of $100,863.00. Following the transaction, the director owned 11,560 shares of the company's stock, valued at approximately $555,226.80. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ:NBTB
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Douglas Milne Sells 1,600 Shares of IGM Financial (TSE:IGM) StockMarketBeat
IGM Financial Inc. (TSE:IGM - Get Free Report) Director Douglas Milne sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$80.61, for a total value of C$128,976.00. Following the sale, the director directly owned 800 shares in the company, valued at C$64,488. The trade was a 66.67% decrease in their ownership of the stock.
TSE:IGM
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Prospect Capital Corporation is reiterated as a sell due to ongoing financial deterioration despite a 59% discount to NAV and double-digit yield. PSEC's Q3 saw net investment income and total investment income decline, with NAV dropping sequentially and year-over-year, underperforming peers. Management's portfolio shift to first-lien loans and reduced real estate exposure are positive but not expected to offset near-term financial weakness.
Prospect Capital maintains a 'Strong Buy' rating as its investment thesis, although controversial, remains intact after Q3'26 earnings. PSEC's portfolio quality remained stable at 0.7%, outperforming peers, with first liens rising to 72%. The dividend was reset to $0.035 per-share monthly due to pressure from preferred stock offerings.
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, "Company", “our”, or “we”) today announced that it held its special meeting of stockholders (the “Special Meeting”) on June 9, 2026. The proposals that were considered at the Special Meeting are described in detail in the Company's definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on March 11, 2026 (the “Proxy”). As of March 11, 2026, there were 486,484,945 shares of the Company's common stock outstanding, 25,394,532 shares of the Company's 5.50% Series A1 Preferred Stock outstanding (the “Series A1 Preferred Stock”), 163,000 shares of the Company's 5.50% Series A2 Preferred Stock outstanding (the “Series A2 Preferred Stock”), 5,251,157 shares of the Company's 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding (the “5.35% Series A Preferred Stock”), 908,259 shares of the Company's 5.50% Series M1 Preferred Stock outstanding (the “Series M1 Preferred Stock”), 23,376,070 shares of the Company's 6.50% Series A3 Preferred Stock outstanding (the “Series A3 Preferred Stock”), 1,794,312 shares of the Company's 6.50% Series M3 Preferred Stock outstanding (the “Series M3 Preferred Stock”), 6,920,261 shares of the Company's Floating Rate Series A4 Preferred Stock outstanding (the “Series A4 Preferred Stock”), 1,995,546 shares of the Company's Floating Rate Series M4 Preferred Stock outstanding (the “Series M4 Preferred Stock”), 3,341,380 shares of the Company's 7.50% Series A5 Preferred Stock outstanding (the “Series A5 Preferred Stock”) and 878,753 shares of the Company's 7.50% Series M5 Preferred Stock outstanding (the “Series M5 Preferred Stock”). Each share of common or preferred stock has one vote. To afford additional time to solicit stockholder votes for the proposal found in the Proxy, the Special Meeting has been adjourned until June 23, 2025, at 5:00 p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2026SM.
June 09, 2026 16:48 ET | Source: Priority Income Fund, Inc.
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund’s Board of Directors has declared distributions on shares of the Fund’s 7.00% Series D Term Preferred Stock due 2029 (“Series D”), 7.000% Series K Cumulative Preferred Stock (“Series K”), and 6.375% Series L Term Preferred Stock due 2029 (“Series L”).
Ex-Dividend DateRecord DatePayable DateDistribution per ShareSeries DJune 23, 2026June 23, 2026June 30, 2026$0.43750Series KJune 23, 2026June 23, 2026June 30, 2026$0.43750Series LJune 23, 2026June 23, 2026June 30, 2026$0.39844
Distributions shall first be treated as a distribution of taxable investment company income undistributed from the prior year, and then treated as a distribution of taxable investment company income for the current year. This treatment will not affect tax reporting to shareholders.
About Priority Income Fund
Priority Income Fund, Inc. is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations ("CLOs"). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P. For more information, visit https://www.priorityincomefund.com.
About Prospect Capital Management L.P.
Prospect Capital Management L.P. (“Prospect”), headquartered in New York City, is an SEC-registered investment adviser that, along with its predecessors and affiliates, has more than 30-years of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of over 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $6.9 billion of assets under management as of March 31, 2026. Prospect is the investment adviser to Prospect Capital Corporation (NASDAQ: PSEC). For more information, call (212) 448-0702 or visit https://www.prospectcap.com.
About Preferred Capital Securities, LLC
Preferred Capital Securities, LLC (“PCS”) serves as the dealer-manager for Priority Income Fund, Inc. and has been a member of FINRA/SIPC since 2015. Formed in 2013, PCS is a boutique managing broker-dealer that distributes alternative investments, including real estate and credit investment products in private and public structures through broker dealers and registered investment advisors. PCS has raised over $4.9 billion of capital as a wholesale distributor for various alternative investment strategies. For more information, call
855-320-1414 or visit http://www.pcsalts.com.
Additional Information
Past performance is not indicative of future performance. Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment.
Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Investor Services at 866.655.3650.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Priority Income Fund, Inc. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Priority Income Fund, Inc. may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Dave & Buster's (PLAY) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of $0.39. This compares to earnings of $0.69 per share a year ago.
The headline numbers for Dave & Buster's (PLAY) give insight into how the company performed in the quarter ended January 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PLAY posts a Q4 loss as revenues slip Y/Y, missing estimates amid weak gaming demand, soft traffic and higher costs despite gains in food and beverage.
Dave & Buster's (PLAY) remains a 'Hold' with a reduced price target of $8.7/share, reflecting persistent margin, profitability, and leverage concerns. Despite recent stock surges, PLAY faces declining same-store sales, negative FCF, and a net debt exceeding $3.5B, with interest coverage now below 1.7x. Management's operational improvements and guidance for $100M FCF are insufficient to offset rising interest expense and debt-fueled expansion risks.
Shares of Dave & Buster's Entertainment (PLAY 1.90%) spiked on Wednesday after the restaurant and arcade chain issued an upbeat cash flow forecast for the year ahead.
Image source: Getty Images.
Heavy snowfall weighed on Dave & Buster's Q4 results Dave & Buster's revenue declined less than 1% year over year to $529.6 million in its fiscal 2025 fourth quarter, which ended on Feb. 3.
The entertainment company opened two stores in the quarter and a total of 11 in fiscal 2025. It also remodeled 16 locations during the year.
Still, Dave & Buster's comparable store sales, which measure revenue at locations open for at least 18 months, declined by 3.3%. Sales were dented by powerful winter storms.
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All told, Dave & Buster's produced an adjusted net loss of $12 million, or $0.35 per share. That was down from adjusted net income of $25.3 million, or $0.66 per share, in the prior year period.
Positive sales trends bode well for 2026 Fortunately, management painted a brighter picture of the future.
"We have now had six consecutive fiscal months of improving same-store sales for the Dave & Buster's brand when adjusting for the three-day storm impact, and ended February roughly flat in same-store sales," CEO Tarun Lal said during a conference call with analysts.
Lal is revamping the company's menu, which helped to boost its comparable food and beverage sales by 7% in the fourth quarter. He also plans to bring at least 10 new games and attractions -- based on popular characters like John Wick and The Mandalorian -- to Dave & Buster's stores to further drive traffic.
In turn, Lal is "highly confident" that Dave & Buster's will produce over $100 million in free cash flow in fiscal 2026, driven by growth in same-store sales and overall revenue.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Dave and Buster's Entertainment (NASDAQ: PLAY - Get Free Report) and Dutch Bros (NYSE: BROS - Get Free Report) are both retail/wholesale companies, but which is the superior stock? We will compare the two companies based on the strength of their valuation, earnings, risk, dividends, institutional ownership, analyst recommendations and profitability. Analyst Ratings This is a breakdown
Dave & Busters NASDAQ: PLAY missed top- and bottom-line estimates for fiscal Q4 2026 revenue and earnings, yet the stock price surged ahead of the report, extending gains in its wake. The setup suggests short-covering is in play, and that is a signal for investors.
Key Takeaways PLAY reported a Q4 loss of 35 cents per share, missing estimates and down from 66 cents EPS a year agoProfit collapse just went from bad to worse as this year flips to a 167% annual EPS lossEntertainment sales dropped 6.6% on weaker gaming demand, higher costs and weather pressured menu margins Dave & Buster's ((PLAY - Free Report) ) has been consistently in the cellar of the Zacks Rank for years now. I recall writing about it in 2024 when the stock was in the $60s and $50s.
My colleague Shaun Pruitt took up the task in October when shares were around $18.
Here's what he wrote on October 6...
Despite rumors, Dave & Buster's is not closing down and is actually expanding with new locations under construction and strategic growth plans in place.
However, this transition has taken a toll on investor sentiment as Dave & Buster’s has had a slow recovery from pandemic-related struggles and a more inflation-conscious consumer. Trying to navigate a challenging operating environment, Dave & Buster’s stock has drifted toward new multi-year lows at under $20 a share.
Profitability Collapse & Cautious Outlook
Coming off a disappointing Q2 report, the decline in Dave & Buster’s profitability is more concerning due to a cautious outlook from its new CEO, Tarun Lal, who took over in May of 2024. Acknowledging strategic missteps and operational inefficiencies, Lal’s remarks have suggested a long road to recovery, which has further weighed on investor confidence.
This comes as Dave & Buster’s reported Q2 EPS of $0.40 last month, which plummeted from $1.12 per share in the comparative quarter and missed expectations of $0.88 by a grizzly 54%. Furthermore, Dave & Buster’s has missed EPS expectations in three of its last four quarterly reports with an average earnings surprise of -18.68%.
Highlighting Dave & Buster’s profitability collapse, Q2 net income was down 67% to $11.4 million versus $40.3 million a year ago. Dave & Buster’s EBITDA margins dropped to 23.3% from 27.2% in Q2 2024, attributed to rising operating costs and stagnant revenue.
(end of Shaun Pruitt article excerpts)
Two Quarters Later, the Decline is Worse
On March 31, PLAY delivered their Q4 FY'26 report with these highlights...
>>PLAY reported a Q4 loss of 35 cents per share, missing estimates and down from 66 cents EPS a year ago.
>>Revenues fell 0.9% to $529.6M as entertainment sales dropped 6.6% on weaker gaming demand.
>>Comparable sales declined 3.3%, while higher costs and weather disruptions pressured margins.
You can read more in this report: Dave & Buster's Q4 Earnings & Revenues Miss Estimates, Down Y/Y
Subsequent to these data points and management commentary, analysts slashed their full year FY'27 estimates (began February), driving the Zacks EPS Consensus from a profit of 47-cents to a LOSS of 80-cents -- representing an annual decline of 167%.
Next year's forecasts were also flipped from profit to loss.
Bottom line: PLAY might be a fun place to take the family or watch a ball game with friends, but there's no joy for your money here. The Zacks Rank will let you know when it's play time again.
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On April 20, 2026, Dave and Buster's Entertainment Inc (PLAY) shares fell 3.0% today to a current price of $13.84. The stock has seen a significant range over the
It has been about a month since the last earnings report for Dave & Buster's (PLAY - Free Report) . Shares have lost about 11.4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Dave & Buster's due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Dave & Buster's Entertainment, Inc. before we dive into how investors and analysts have reacted as of late.
Dave & Buster's Q4 Earnings & Revenues Miss EstimatesDave & Buster's reported dismal fourth-quarter fiscal 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. Both metrics also declined on a year-over-year basis.
Dave & Buster’s fourth-quarter fiscal 2025 results were supported by its “back-to-basics” strategy, with improved marketing, targeted promotions and strong food and beverage performance driving better traffic and engagement. Remodeled stores continued to outperform, while sequential improvement in comparable sales trends, along with contributions from new store openings and international franchise expansion, provided incremental support.
However, results were pressured by a decline in comparable store sales, reflecting softer traffic trends, along with weather-related disruptions from Winter Storm Fern. Entertainment revenues also declined, indicating weaker gaming demand. Higher marketing and store operating expenses further weighed on margins, leading to a decline in adjusted EBITDA and a shift to a net loss year over year.
Dave & Buster’s Q4 Earnings & RevenuesFor the fiscal fourth quarter, the company reported an adjusted loss per share of 35 cents, missing the Zacks Consensus Estimate of an adjusted earnings per share (EPS) of 39 cents. In the year-ago quarter, it had reported an adjusted EPS of 66 cents.
Quarterly revenues totaled $529.6 million, missing the consensus mark of $557 million by 4.8%. The top line decreased 0.9% from $534.6 million reported in the prior-year quarter.
Food and Beverage revenues (40.9% of total revenues in the reported quarter) increased 8.5% year over year to $216.6 million. Our estimate was $200.7 million.
Entertainment revenues (59.1%) fell 6.6% year over year to $313 million. Our estimate was $354.7 million. The company continues to enhance free cash flow conversion, driven by disciplined capital allocation and tighter control over capital expenditures, including the elimination of low-return and inefficient spending.
Comparable store sales (including Main Event-branded locations) declined 3.3% year over year. Excluding the impact of Winter Storm Fern in January, management estimates that fiscal fourth-quarter comparable store sales would have decreased by approximately 1.5%.
Dave & Buster’s Q4 Operating HighlightsIn the fiscal fourth quarter, operating loss amounted to $14 million against operating income of $44.1 million reported in the year-ago quarter. Our estimate for operating income was $35 million.
Adjusted EBITDA in the quarter was $111.4 million compared with $127.2 million in the year-earlier quarter. Our estimate for the metric was $108.5 million. EBITDA margin declined to 21% from 23.8% reported in the prior-year period.
Balance Sheet of PLAYAs of Feb. 3, 2026, cash and cash equivalents were $16.6 million compared with $6.9 million as of Feb. 4, 2025.
At quarter-end, net long-term debt was approximately $1.52 billion compared with $1.48 billion at the end of fiscal 2024. The company maintained available liquidity of $482.9 million, including $466.3 million under its $650.0 million revolving credit facility.
PLAY’s FY25 HighlightsRevenues for 2025 came in at $2.1 billion compared with $2.13 billion reported in 2024.
Adjusted EBITDA in 2025 came in at $436.6 million compared with $506.2 million reported in 2024.
In 2025, adjusted loss came in at 30 cents per share against adjusted EPS of $2.39 reported in the previous year.
Dave & Buster’s Store Development UpdatesDave & Buster’s continues to advance its growth strategy through a combination of new unit expansion, remodel initiatives and international franchising. In the fiscal fourth quarter, the company opened two new domestic Dave & Buster's stores. This brought the total domestic openings for fiscal 2025 to 11 (plus one relocation), consisting of eight Dave & Buster’s and three Main Event locations.
The company is also making steady progress on its remodel program, completing 16 store remodels during the year and bringing the total number of recently refreshed Dave & Buster’s locations to 51 since the initiative began in the second half of fiscal 2023.
On the international front, Dave & Buster’s expanded its footprint by opening three franchise locations in fiscal 2025, bringing the total to four units globally. The fourth location, which opened recently, is in the Dominican Republic. Looking ahead, three additional international locations are expected to open in the near future in Delhi, India; Perth, Australia; and Mexico City, Mexico.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -46.85% due to these changes.
VGM ScoresAt this time, Dave & Buster's has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock has a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Dave & Buster's has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry PlayerDave & Buster's belongs to the Zacks Retail - Restaurants industry. Another stock from the same industry, Darden Restaurants (DRI - Free Report) , has gained 1.7% over the past month. More than a month has passed since the company reported results for the quarter ended February 2026.
Darden Restaurants reported revenues of $3.35 billion in the last reported quarter, representing a year-over-year change of +5.9%. EPS of $2.95 for the same period compares with $2.80 a year ago.
For the current quarter, Darden Restaurants is expected to post earnings of $3.64 per share, indicating a change of +22.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.1% over the last 30 days.
Darden Restaurants has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
DALLAS, May 01, 2026 (GLOBE NEWSWIRE) -- Dave and Buster's Entertainment, Inc. , (NASDAQ: PLAY), ("Dave and Buster's" or "the Company") today announced the appointment of Charles Protell to the Company's Board of Directors and Audit Committee of the Board, effective April 27, 2026.
Dave & Buster's ( PLAY ) has been consistently in the cellar of the Zacks Rank for years now. I recall writing about it in 2024 when the stock was in the $60s and $50s.
DALLAS, June 01, 2026 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner, operator, and franchisor of entertainment and dining venues, today announced that it will report financial results for its first quarter ended May 5, 2026 after the market closes on Monday, June 15, 2026.
Dave & Buster's (PLAY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Beyond analysts' top-and-bottom-line estimates for Dave & Buster's (PLAY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2026.
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) will release earnings for its first quarter after the closing bell on Monday, June 15.
Analysts expect the Coppell, Texas-based company to report quarterly earnings of 66 cents per share. That's down from 76 cents per share in the year-ago period. The consensus estimate for Dave & Buster’s quarterly revenue is $578.38 million. It reported $567.7 million last year, according to Benzinga Pro.
On March 31, Dave & Buster’s posted weaker-than-expected fourth-quarter results.
Dave & Buster’s shares gained 5.5% to close at $13.18 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
Considering buying PLAY stock? Here’s what analysts think:
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The website-building and web-services platform said that it is scaling back parts of its business as part of a broader organizational realignment, moves that are expected to weigh on bookings and revenue growth in 2026.
Wix stock is testing lower boundaries. What’s behind WIX weakness? How We Got HereThe selloff started on May 13 when Wix reported Q1 results that badly missed expectations. Non-GAAP EPS came in at $0.68 — a 44% miss versus the $1.22 consensus — while revenue of $541 million came in roughly in line. The bigger concern was margins: operating expenses as a percentage of revenue surged from 21% in Q1 2025 to 35% in Q1 2026, a trajectory that alarmed investors. The stock fell 27% that day.
The AI QuestionThe layoffs sit at the center of a broader debate about Wix’s future. The bear case is straightforward — if AI tools and vibe coding platforms can build a website automatically, there may be less need for Wix’s templates and drag-and-drop editor. Management has acknowledged that AI may be causing some of its professional development customers to slow their spending. The stock has now fallen nearly 73% from its 52-week high of $190.93.
But Wix is also trying to get ahead of the threat. On June 3, the company was named as a partner in OpenAI’s Codex Enterprise launch — a signal that Wix sees AI as an opportunity as much as a risk. The company also acquired vibe-coding platform Base44 earlier this year for $80 million, and has been building out its own AI-powered tools including Wix AI Website Builder and Wixel, an AI-powered visual design platform.
Wix Shares DropWIX Price Action: At the time of publication, Wix shares are trading 4.98% lower at $49.79, according to data from Benzinga Pro.
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, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wix.com Ltd. ("Wix" or "the Company") (NASDAQ: WIX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Wix released its Q1 2026 financial results on May 13, 2026. The Company's revenue and earnings fell short of consensus expectations, blaming a sharp decline in operating margins on weakness in the professional developer business. The Company admitted that customers were using competing AI tools as its Wix Harmony platform suffered from "missing capabilities." Based on this news, shares of Wix fell by 27% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
WIX Investors Have Opportunity to Join Wix.com Ltd. Fraud Investigation with the Schall Law Firm PR Newswire
LOS ANGELES, June 8, 2026
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wix.com Ltd. ("Wix" or "the Company") (NASDAQ: WIX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Wix released its Q1 2026 financial results on May 13, 2026. The Company's revenue and earnings fell short of consensus expectations, blaming a sharp decline in operating margins on weakness in the professional developer business. The Company admitted that customers were using competing AI tools as its Wix Harmony platform suffered from "missing capabilities." Based on this news, shares of Wix fell by 27% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335 [email protected]
www.schallfirm.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/wix-investors-have-opportunity-to-join-wixcom-ltd-fraud-investigation-with-the-schall-law-firm-302793529.html
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Wix.com Ltd. (“Wix” or the “Company”) (NASDAQ: WIX) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON WIX.COM LTD. (WIX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On May 13, 2026, Wix released its first quarter 2026 financial results, including earnings per share of $0.68, a 56% decline year over year, and an operating margin of only 5%, compared to 21% in the prior year.
In the accompanying earnings call, the Company’s Chief Financial Officer, Lior Shemesh, stated margin results were “driven by elevated investments in Base44” the Company’s AI tool, and the Company “continue[s] to incur elevated AI compute costs as we scale to meet stronger-than-expected Base44 demand and maximize gross profit dollars.” The Company’s Co-Founder and President, Nir Zohar, also acknowledged Wix’s other AI tool, Wix Harmony, was experiencing customers “pointing out to us specific holes, if you may, or missing capabilities.”
On this news, Wix’s stock price fell $20.56, or 27.1%, to close at $55.32 per share on May 13, 2026, thereby injuring investors.
Then, on June 8, 2026, Wix unveiled a sweeping organizational restructuring that includes a 20% workforce reduction and slashing financial expectations for 2026.
The Company said that organizational changes are expected to reduce bookings by about $50 million and revenue by around $25 million. Wix now expects full-year bookings to grow in the low-teens percentage rate, down from previous expectations of midteens percentage growth. Full-year and second-quarter revenue growth were also downgraded to low- to midteens percentage growth from midteens.
On this news, Wix’s stock price fell as much as 7% during intraday trading on June 8, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Wix securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
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Century City, California 90067
Call us at: 310-914-5007
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If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
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BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Wix.com Ltd. (“Wix” or the “Company”) (NASDAQ: WIX) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN WIX.COM LTD. (WIX), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith.
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Wix.com Ltd. (“Wix” or the “Company”) (NASDAQ: WIX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Wix and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 13, 2026, Wix released its Q1 2026 financial results. Wix reported earnings and revenue below consensus expectations, and a sharp decline in operating margins which it largely attributed to softness in its professional developer business. Specifically, Wix acknowledged that its professional developer customers were using competing AI tools, its new Wix Harmony platform had “holes” and “missing capabilities,” there had been delays in delivering product updates and innovation to professional developer customers, and as a result the Company had fallen behind “the workflow and the needs of” professional developers.
On this news, Wix’s stock price fell $20.56 per share, or 27%, to close at $55.32 per share on May 13, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Wix.com Ltd. (“Wix” or the “Company”) (NASDAQ: WIX) investors concerning the Company’s possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON WIX.COM LTD. (WIX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On May 13, 2026, Wix released its first quarter 2026 financial results, including earnings per share of $0.68, a 56% decline year over year, and an operating margin of only 5%, compared to 21% in the prior year.
In the accompanying earnings call, the Company’s Chief Financial Officer, Lior Shemesh, stated margin results were “driven by elevated investments in Base44” the Company’s AI tool, and the Company “continue[s] to incur elevated AI compute costs as we scale to meet stronger-than-expected Base44 demand and maximize gross profit dollars.” The Company’s Co-Founder and President, Nir Zohar, also acknowledged Wix’s other AI tool, Wix Harmony, was experiencing customers “pointing out to us specific holes, if you may, or missing capabilities.”
On this news, Wix’s stock price fell $20.56, or 27.1%, to close at $55.32 per share on May 13, 2026, thereby injuring investors.
Then, on June 8, 2026, Wix unveiled a sweeping organizational restructuring that includes a 20% workforce reduction and slashing financial expectations for 2026.
The Company said that organizational changes are expected to reduce bookings by about $50 million and revenue by around $25 million. Wix now expects full-year bookings to grow in the low-teens percentage rate, down from previous expectations of midteens percentage growth. Full-year and second-quarter revenue growth were also downgraded to low- to midteens percentage growth from midteens.
On this news, Wix’s stock price fell $4.18, or 7.98%, to close at $48.21 per share on June 8, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
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Whistleblower Notice
Persons with non-public information regarding Wix should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
About Glancy Prongay Wolke & Rotter LLP
GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Wix.com Ltd. (NASDAQ:WIX) for potential securities fraud after its significant stock drop.
If you invested in Wix, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/wix-class-action-lawsuit.
Key Details of the Wix ($WIX) Class Action Investigation:
Investigation Overview: Securities fraud regarding Wix’s misrepresentations to investors regarding demand, AI competition, and its ability to deliver new products and innovation to sustain growth.Stock Decline: May 13, 2026 – 27% Stock DropAction: Contact BFA Law to discuss your rights Why is Wix Being Investigated for Securities Fraud?
Wix provides a platform for creating and managing websites without coding. The company has recently increased focus on artificial intelligence tools, including its AI-powered website builder, Wix Harmony, and its acquisition of the AI application platform Base44.
BFA is investigating whether Wix made false and misleading statements to investors regarding demand from professional designers, AI competition, and its ability to deliver new products and innovation to sustain growth.
Why did Wix’s Stock Drop?
On May 13, 2026, Wix released its 1Q 2026 financial results. The company reported earnings and revenue below consensus expectations, and a sharp decline in operating margins which it largely attributed to softness in its professional developer business. Specifically, Wix acknowledged that its professional developer customers were using competing AI tools, its new Wix Harmony platform had “holes” and “missing capabilities,” there had been delays in delivering product updates and innovation to professional developer customers, and as a result the company had fallen behind “the workflow and the needs of” professional developers.
This news caused the price of Wix stock to decline $20.56 per share, or 27%, from a closing price of $75.88 per share on May 12, 2026, to $55.32 per share on May 13, 2026.
Click here for more information: https://www.bfalaw.com/cases/wix-class-action-lawsuit.
What Can You Do?
If you invested in Wix, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Wix.com (WIX - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this cloud-based web development company have returned -36.5% over the past month versus the Zacks S&P 500 composite's no change. The Zacks Computers - IT Services industry, to which Wix.com belongs, has lost 0.5% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Wix.com is expected to post earnings of $1.10 per share for the current quarter, representing a year-over-year change of -51.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -153.9%.
For the current fiscal year, the consensus earnings estimate of $4.53 points to a change of -38.1% from the prior year. Over the last 30 days, this estimate has changed -116.5%.
For the next fiscal year, the consensus earnings estimate of $6.87 indicates a change of +51.5% from what Wix.com is expected to report a year ago. Over the past month, the estimate has changed -16.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Wix.com is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Wix.com, the consensus sales estimate of $559.12 million for the current quarter points to a year-over-year change of +14.1%. The $2.27 billion and $2.59 billion estimates for the current and next fiscal years indicate changes of +14.1% and +13.8%, respectively.
Last Reported Results and Surprise HistoryWix.com reported revenues of $541.17 million in the last reported quarter, representing a year-over-year change of +14.3%. EPS of $0.68 for the same period compares with $1.55 a year ago.
Compared to the Zacks Consensus Estimate of $543.79 million, the reported revenues represent a surprise of -0.48%. The EPS surprise was -43.8%.
Over the last four quarters, Wix.com surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Wix.com is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Wix.com. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Wix Headless now lets developers and AI agents provision a complete Wix business backend directly from the Stripe Projects command-line interface (CLI)
NEW YORK - Wix (Nasdaq: WIX) today announced that it has been named a provider in Stripe Projects, connecting the Stripe Projects command-line interface (CLI) directly to Wix Headless. The integration enables anyone to go from a business idea to a live, revenue-ready operation without leaving Stripe Projects. As part of the Stripe Projects developer preview, Wix Headless can now be provisioned from the Stripe Projects CLI as part of a modern application stack, giving teams a faster path from new repository to a live business environment.
Stripe Projects lets developers and AI agents set up services and return credentials from the command line. As a provider in that workflow, Wix Headless becomes a business backend developers can bring up in the same flow they use to define the rest of their stack.
With a single flow, developers can provision the full Wix business backend: commerce, bookings, CMS, CRM, events and memberships. It is the same composable, API-first infrastructure that powers millions of Wix businesses, now wired into a developer’s environment from the first command. Instead of assembling multiple vendors and stitching together SaaS tools, teams connect to one backend that already has payments, inventory, scheduling and content management working together, with a dashboard their clients can run themselves. Resources stay in the user’s own Wix accounts.
“We believe the way developers provision their stack is changing. Stripe Projects is a big part of that. Being a provider means that when someone spins up their next project, they can have a complete Wix business backend ready to build on, without ever leaving their terminal. That’s a workflow we’re excited to be part of,” said Shahar Talmi, GM of Developer Platform at Wix.
As a co-design and launch partner in the Stripe Projects developer preview, Wix helped shape how the Wix Headless integration works: what gets provisioned, how credentials are scoped and returned, and how the flow handles new and existing accounts. The goal is a flow that is deterministic whether a developer runs it or an agent does. Safer credential delivery and clear ownership were designed in from the start, so keys are not copy-pasted between tools and resources live in the user’s own accounts. The setup is repeatable across environments without a new onboarding guide every time.
This is a developer preview and Wix is seeking feedback from teams building agent-assisted workflows or looking to go from code to a live business environment with less configuration and fewer scripts.
To try Wix Headless with Stripe Projects, developers can install the Stripe CLI, then run:
stripe projects init my-app
stripe projects add wix/headless
For a deeper walkthrough of how the integration works and what you can build, visit the Wix Headless blog here.
About Wix.com Ltd.
Wix’s vision is to simplify complex technologies and deliver the best tools for every type of user and business to create online. Powered by advanced AI and enterprise-grade infrastructure, Wix is trusted by millions of users worldwide. Founded in 2006 and strengthened by the acquisition in 2025 of Base44, the no-code application platform, Wix is continuing to build for the future of the internet.
For more about Wix, please visit our Press Room.
Media Relations Contact: [email protected]
Wix Brings the Wix Headless Business Backend to Stripe Projects
Wix Brings the Wix Headless Business Backend to Stripe Projects Wix Headless now lets developers and AI agents provision a complete Wix business backend directly fr...
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Wix.com Ltd. (“Wix” or the “Company”) (NASDAQ:WIX). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On May 13, 2026, Wix released its first quarter 2026 financial results. The Company reported earnings and revenue below consensus expectations, and a decline in operating margins which it largely attributed to softness in its professional developer business. Specifically, Wix acknowledged that its professional developer customers were using competing AI tools, its new Wix Harmony platform had “holes” and “missing capabilities,” there had been delays in delivering product updates and innovation to professional developer customers, and as a result, the Company had fallen behind “the workflow and the needs” of professional developers. On this news, the price of Wix shares declined by $20.56 per share, or approximately 27%, from $75.88 per share on May 12, 2026 to close at $55.32 on May 13, 2026.
Then, on June 8, 2026, Wix unveiled an organizational restructuring that includes a 20% workforce reduction and reducing financial expectations for 2026. The Company said that organizational changes are expected to reduce bookings by about $50 million and revenue by around $25 million. Wix now expects full-year bookings to grow in the low-teens percentage rate, down from previous expectations of mid-teens percentage growth. Full-year and second-quarter revenue growth were also downgraded to low- to mid-teens percentage growth from mid-teens. On this news, the price of Wix shares declined by $4.18 per share, or approximately 8%, from $52.39 per share on June 5, 2026 to close at $48.21 on June 8, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
If you purchased or otherwise acquired Wix securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Wix.com Ltd. ("Wix" or the "Company") (NASDAQ: WIX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Wix and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 13, 2026, Wix released its Q1 2026 financial results. Wix reported earnings and revenue below consensus expectations, and a sharp decline in operating margins which it largely attributed to softness in its professional developer business. Specifically, Wix acknowledged that its professional developer customers were using competing AI tools, its new Wix Harmony platform had "holes" and "missing capabilities," there had been delays in delivering product updates and innovation to professional developer customers, and as a result the Company had fallen behind "the workflow and the needs of" professional developers.
On this news, Wix's stock price fell $20.56 per share, or 27%, to close at $55.32 per share on May 13, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wix.com Ltd. ("Wix" or "the Company") (NASDAQ: WIX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Wix released its Q1 2026 financial results on May 13, 2026. The Company's revenue and earnings fell short of consensus expectations, blaming a sharp decline in operating margins on weakness in the professional developer business. The Company admitted that customers were using competing AI tools as its Wix Harmony platform suffered from "missing capabilities." Based on this news, shares of Wix fell by 27% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
