Flutter Entertainment (NYSE:FLUT) Announces Earnings Results

Flutter Entertainment (NYSE:FLUT) issued its quarterly earnings results on Wednesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.50), FiscalAI reports. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.99 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 earnings per share.

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

• Flutter cut its 2026 revenue midpoint by $300 million to $17.61 billion and adjusted EBITDA guidance by $160 million to $2.495 billion, citing unfavorable sports results and Brazil’s closure, partly offset by cost actions. Q3 adjusted EBITDA fell 25%, and the company recorded an $873 million non-cash impairment related to Brazil.
• Underlying U.S. sportsbook performance exceeded expectations, with market-share gains in August and September and stronger customer engagement following increased promotional investment. Management said it expects promotional spending to remain elevated in 2027, while acknowledging that prediction-market operators are increasing media costs and competitive pressure.
• International gained share in several core markets, including the UK and Ireland, Italy, and Central and Eastern Europe. Flutter expects International adjusted EBITDA growth in 2027 at the high end of its 5%–10% long-term range, despite revenue headwinds.
• FanDuel Predicts volumes nearly tripled in October versus July, and customer engagement metrics are approaching sportsbook levels; management remains on track for its 2026 market-making guidance of about $50 million in revenue and $40 million in adjusted EBITDA. The company plans to continue investing, while noting that returns and regulation remain uncertain.
• Leverage ended Q3 at 4.6x, and Flutter paused its share-repurchase program as it prioritizes investment and debt reduction. Management is targeting an eventual return to 2x–2.5x leverage and expects an additional $500 million in gross operating-cost and capital-expenditure savings by 2029.

Flutter Entertainment Trading Down 0.0%

FLUT traded down $0.02 during trading on Wednesday, reaching $83.72. 5,065,766 shares of the company’s stock were exchanged, compared to its average volume of 3,267,054. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Flutter Entertainment has a one year low of $72.56 and a one year high of $235.77. The firm has a fifty day moving average price of $86.43 and a two-hundred day moving average price of $106.52. The stock has a market capitalization of $14.53 billion, a PE ratio of -19.42, a price-to-earnings-growth ratio of 2.92 and a beta of 1.27.

Analyst Ratings Changes

FLUT has been the topic of several research reports. UBS Group decreased their price target on shares of Flutter Entertainment from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Wells Fargo & Company dropped their price objective on shares of Flutter Entertainment from $137.00 to $112.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. New Street Research set a $110.00 target price on shares of Flutter Entertainment in a research report on Thursday, September 3rd. Needham & Company LLC decreased their target price on shares of Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Oppenheimer lowered their price target on shares of Flutter Entertainment from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $133.93.

Insider Activity

In other news, COO James Bishop sold 741 shares of Flutter Entertainment stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $72,514.26. Following the transaction, the chief operating officer owned 16,864 shares in the company, valued at approximately $1,650,311.04. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Robert Coldrake sold 710 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $69,480.60. Following the completion of the sale, the chief financial officer directly owned 22,778 shares in the company, valued at approximately $2,229,055.08. This represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 6,681 shares of company stock valued at $644,214. 0.13% of the stock is currently owned by company insiders.

Key Flutter Entertainment News

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

• Positive Sentiment: Q3 revenue increased about 2% year over year to $3.874 billion, and U.S. revenue was identified as a bright spot. Flutter reports third-quarter revenue growth U.S. revenue was a bright spot
• Negative Sentiment: The company reported a quarterly loss of $0.18 per share, compared with $1.64 earnings per share a year earlier. Revenue of $3.874 billion also fell short of the roughly $3.99 billion analyst estimate. Q3 loss and revenue results
• Negative Sentiment: An approximately $873 million impairment tied to Brazil contributed to a net loss exceeding $1 billion, raising concerns about the market and the value of the company’s investment there. Brazil impairment and widened Q3 loss
• Negative Sentiment: Flutter cut its full-year guidance. Its 2026 revenue range of $17.34 billion to $17.89 billion has a midpoint below FactSet’s $17.81 billion estimate, reinforcing concerns about near-term growth. 2026 revenue outlook
• Negative Sentiment: The company paused share buybacks to focus on reducing debt and cutting costs, removing a source of shareholder returns in the near term. Flutter pauses share buybacks

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.

Its principal brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sky Bet in the United Kingdom, PokerStars internationally, and Sisal and SNAI in Italy.