Flutter Entertainment PLC: Q3 2026 Earnings Release
Key Highlights
- ➤Q3 revenue $3.874B, +2% YoY, while adjusted EBITDA fell 25% to $360M
- ➤2026 revenue midpoint guidance cut $300M to $17.61B
- ➤2026 adjusted EBITDA guidance cut $160M to $2.495B
- ➤Brazil impairment totaled $873M; Flutter’s share was $537M
- ➤US revenue rose 6% to $1.455B, but adjusted EBITDA plunged 94% to $3M
Expert Statements
Dan Taylor, CEO of Flutter Entertainment
“It is a privilege to take on the role of Flutter CEO. I know this business and the industry well, and I have a clear view of our strengths, where we need to improve, and where the biggest opportunities lie.”
Dan Taylor, CEO of Flutter Entertainment
“Our Q3 performance gives me confidence that we are moving in the right direction.”
Dan Taylor, CEO of Flutter Entertainment
“Looking ahead, our priorities are clear: build on our US leadership, capture the prediction markets opportunity, unlock more value from our International portfolio and simplify the way we operate.”
Dan Taylor, CEO of Flutter Entertainment
“I am confident our actions will make Flutter a stronger business in the long-term.”
Dan Taylor, Flutter CEO
“I strongly believe we have the best assets to capture the significant opportunity in the increasingly competitive North American market.”
Dan Taylor, Flutter CEO
“I am confident we are making the right decisions to defend our leadership position and deliver FanDuel's long-term success.”
Dan Taylor, Flutter CEO
“Prediction markets represent a significant incremental growth area.”
Dan Taylor, Flutter CEO
“We are making excellent progress, we are on track to deliver our guidance for 2026, and going forward we believe that this growth will help fund our prediction market customer acquisition spend.”
Dan Taylor, Flutter CEO
“We are very disappointed with the Government Provisional Measure banning online sports betting and iGaming in Brazil.”
Dan Taylor, Flutter CEO
“With the right regulation, Brazil still has the opportunity to be an attractive market for us, however, we will remain disciplined in our deployment of capital as the regulatory environment continues to evolve.”
Dan Taylor, Flutter CEO
“I feel very confident that our International portfolio is now well set to leverage the transformations and cost efficiencies we have delivered, continue to take market share, and deliver against our target of 5-10% annual growth.”
Dan Taylor, Flutter CEO
“In addition to our existing International cost transformation and UK gaming tax mitigation programs, we expect to deliver an additional $500 million in gross operating cost and capital expenditure savings by 2029.”
Dan Taylor, Flutter CEO
“Looking ahead, I am encouraged by the momentum we are building.”
Dan Taylor, Flutter CEO
“I know confidence is earned through delivery and that is what I am focused on.”
NEW YORK, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Flutter Entertainment plc (NYSE: FLUT) (“Flutter”), the world’s leading online sports betting and iGaming operator, today announces Q3 2026 results.
Highlights * CEO Dan Taylor sets priorities to drive greater value from Flutter's scale * US sportsbook execution driving improved market share trajectory(1) * FanDuel prediction market capabilities substantially improved * Strong execution in International offset by year-over-year swing in sports results(2) * Prioritizing organic investment and deleveraging; share repurchase program paused for the foreseeable future * Decisive cost actions taken including UKI restructuring and Betfair Brazil closure * Refinancing complete, extending Revolving Credit Facility and Term Loan A maturities to 2032 * 2026 guidance updated for adverse sports results and Brazil Q3 Overview(3)
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