Flutter Entertainment (NYSE:FLUT) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Flutter Entertainment (NYSE:FLUT) issued its quarterly earnings results on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05), FiscalAI reports. Flutter Entertainment had a positive return on equity of 7.20% and a negative net margin of 4.39%.The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the company posted $2.95 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year.

Here are the key takeaways from Flutter Entertainment’s conference call:

• 2026 guidance was reduced, with midpoint revenue lowered by $395 million to $17.91 billion and adjusted EBITDA cut by $210 million to $2.655 billion, reflecting increased U.S. customer generosity, a delayed NFL start, foreign exchange effects and other investments.
• Adjusted EBITDA fell 45% in Q2, while Flutter reported a $296 million net loss versus $37 million of net income a year earlier; leverage ended the quarter at 4.3 times, although management expects cash generation to reduce it by year-end.
• Flutter is increasing investment in FanDuel’s U.S. sportsbook to improve customer value, loyalty and engagement, accepting lower near-term margins to pursue market-share gains, higher active customers and ARPU growth in 2027 and beyond.
• International operations remained strong, with revenue up 10%, Italy and Turkey showing robust momentum, and U.K. iGaming growing 7%; management also expects the next cost-transformation phase to generate an additional $500 million of gross savings by 2029.
• Flutter is expanding FanDuel Predicts through a Crypto.com exchange integration and a nationwide One App, while its market-making business is expected to generate approximately $50 million of revenue this year; management views prediction markets as incremental but acknowledged the opportunity remains early-stage.

Flutter Entertainment Stock Up 1.5%

Shares of NYSE:FLUT traded up $1.43 during trading hours on Friday, reaching $94.44. The stock had a trading volume of 4,758,449 shares, compared to its average volume of 3,434,836. Flutter Entertainment has a 1 year low of $89.71 and a 1 year high of $309.41. The firm’s 50 day moving average is $104.57 and its 200-day moving average is $113.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of -21.96, a P/E/G ratio of 1.27 and a beta of 1.28.

Flutter Entertainment News Roundup

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Citi upgraded Flutter to “neutral”, arguing that the stock’s roughly 13% decline since April has reset expectations. Although Citi trimmed its price target slightly to $93, the move suggests the bank sees less downside after the selloff. Citi upgrades Flutter after 13% share price slide
• Positive Sentiment: Several analysts continue to rate FLUT “buy.” Benchmark, Stifel and Needham lowered their price targets to $113, $133 and $110, respectively, but each maintained a buy rating, implying substantial potential upside from recent trading levels. Flutter analyst price target changes
• Positive Sentiment: Investor Michael Burry reportedly views Flutter’s depressed valuation as a buying opportunity, offering a contrarian counterpoint to the broader market concerns. Michael Burry Disagrees With Hedge Funds Over Flutter

Wall Street Analyst Weigh In

FLUT has been the topic of several recent research reports. Citizens Jmp cut their target price on shares of Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 8th. Zacks Research cut shares of Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Oppenheimer cut their price objective on Flutter Entertainment from $210.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Wells Fargo & Company reduced their price objective on Flutter Entertainment from $137.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Barclays decreased their target price on Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.04.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, CEO Daniel Mark Taylor purchased 1,611 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $94.29 per share, for a total transaction of $151,901.19. Following the completion of the purchase, the chief executive officer directly owned 34,584 shares in the company, valued at approximately $3,260,925.36. This represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO James Philip Bishop purchased 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $99.75 per share, with a total value of $99,750.00. Following the completion of the acquisition, the chief operating officer directly owned 17,605 shares in the company, valued at $1,756,098.75. The trade was a 6.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 4,144 shares of company stock worth $399,337 and sold 5,865 shares worth $564,213. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT boosted its holdings in Flutter Entertainment by 1,685.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares in the last quarter. EFG International AG purchased a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $36,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of Flutter Entertainment by 83.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after buying an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Flutter Entertainment by 246.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after buying an additional 133 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Flutter Entertainment by 74.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock valued at $71,000 after buying an additional 106 shares in the last quarter.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.