Flutter Entertainment (NYSE:FLUT) Releases Quarterly Earnings Results, Misses Estimates By $0.50 EPS

Key Points

• Flutter missed quarterly estimates: It reported a loss of $0.18 per share versus consensus earnings of $0.32, while revenue of $3.87 billion fell short of the $3.99 billion forecast. Revenue nevertheless grew 2.1% year over year.
• The company cut its 2026 revenue midpoint by $300 million and adjusted EBITDA guidance by $160 million, citing unfavorable sports results and Brazil’s closure. It also recorded an $873 million non-cash impairment related to Brazil.
• Flutter paused share repurchases to prioritize debt reduction and investment, with leverage at 4.6x at quarter-end. Management noted stronger-than-expected underlying U.S. sportsbook performance, including market-share gains.

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

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 Stock Down 0.6%

NYSE FLUT traded down $0.49 during mid-day trading on Wednesday, reaching $83.25. The stock had a trading volume of 2,901,975 shares, compared to its average volume of 3,257,067. Flutter Entertainment has a 1 year low of $72.56 and a 1 year high of $235.77. The stock has a market cap of $14.45 billion, a PE ratio of -19.34, a price-to-earnings-growth ratio of 2.92 and a beta of 1.27. The company has a fifty day moving average price of $86.43 and a 200 day moving average price of $106.52. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, CEO Jeremy Jackson sold 1,762 shares of Flutter Entertainment stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $172,429.32. Following the completion of the sale, the chief executive officer owned 70,452 shares of the company's stock, valued at approximately $6,894,432.72. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don Liu sold 565 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $55,290.90. Following the sale, the insider directly owned 20,441 shares in the company, valued at $2,000,356.26. This trade represents a 2.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 6,681 shares of company stock worth $644,214. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group decreased their target price on shares of Flutter Entertainment from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, October 27th. Benchmark cut their price target on Flutter Entertainment from $132.00 to $113.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Wall Street Zen lowered Flutter Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Wolfe Research started coverage on Flutter Entertainment in a research note on Wednesday, September 2nd. They set an "outperform" rating and a $150.00 price objective for the company. Finally, Citigroup raised Flutter Entertainment from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $93.00 to $91.00 in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $133.89.

Key Headlines Impacting Flutter Entertainment

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

• Positive Sentiment: Revenue grew about 2% year over year to $3.874 billion, and coverage highlighted U.S. revenue as a bright spot. Article: Flutter results miss the mark. US revenue was a bright spot.
• Neutral Sentiment: Flutter forecast 2026 revenue of $17.34 billion to $17.89 billion, a range that spans FactSet’s $17.81 billion estimate. However, separate reports said the company cut full-year guidance. Article: Flutter 2026 revenue outlook
• Negative Sentiment: Q3 revenue came in below analyst expectations, while Flutter reported a loss of $0.18 per share versus $1.64 earnings per share a year earlier. The quarter’s loss included an $873 million Brazil impairment and exceeded $1 billion overall. Article: Flutter Q3 loss and revenue
• Negative Sentiment: The company paused share buybacks to prioritize debt reduction and cost savings, removing a source of shareholder returns and underscoring its focus on deleveraging. Article: 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.

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