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

Flutter Entertainment (NYSE:FLUT) issued its quarterly earnings data 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 negative net margin of 4.39% and a positive return on equity of 7.20%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. Flutter Entertainment’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 0.1%

FLUT traded up $0.05 on Thursday, hitting $92.96. 7,400,358 shares of the company were exchanged, compared to its average volume of 2,944,034. The stock’s fifty day moving average is $104.57 and its 200-day moving average is $113.66. Flutter Entertainment has a 12 month low of $89.71 and a 12 month high of $313.68. 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 company has a market cap of $16.17 billion, a PE ratio of -21.62, a PEG ratio of 1.27 and a beta of 1.28.

Insider Transactions at Flutter Entertainment

In related news, CEO Daniel Mark Taylor acquired 1,611 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $94.29 per share, with a total value of $151,901.19. Following the acquisition, the chief executive officer owned 34,584 shares in the company, valued at $3,260,925.36. This represents a 4.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Bryant bought 1,950 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $102.86 per share, with a total value of $200,577.00. Following the completion of the purchase, the director directly owned 9,235 shares of the company’s stock, valued at $949,912.10. This represents a 26.77% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 10,453 shares of company stock valued at $1,045,526 and sold 5,994 shares valued at $577,293. 0.13% of the stock is owned by company insiders.

Institutional Trading of Flutter Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT grew its position in shares of Flutter Entertainment by 1,685.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 118 shares during the period. EFG International AG acquired a new stake in Flutter Entertainment in the 4th quarter valued at about $36,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after purchasing an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Flutter Entertainment by 246.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock worth $53,000 after purchasing an additional 133 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Flutter Entertainment by 74.6% during the second quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock worth $71,000 after purchasing an additional 106 shares during the period.

Flutter Entertainment News Summary

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

• Positive Sentiment: Flutter reported Q2 revenue of $4.33 billion, exceeding the $4.24 billion analyst consensus and increasing 3.3% year over year. The revenue beat provides some support for the shares despite weaker profitability. Flutter Entertainment Announces Q2 2026 Financial Results
• Positive Sentiment: Michael Burry reportedly views the selloff as a buying opportunity, offering a contrarian perspective that Flutter’s long-term prospects and FanDuel position remain undervalued. Michael Burry Disagrees With Hedge Funds Over Flutter
• Positive Sentiment: Benchmark, Stifel, Needham and BTIG retained buy ratings, although each lowered its price target. Their revised targets still imply material upside, suggesting analysts see the decline as excessive if execution improves.
• Neutral Sentiment: Dan Taylor, currently a Flutter executive, will become group CEO on October 1, succeeding Peter Jackson, who will leave the role and board on September 30. Management expects strategic continuity, but investors will watch whether the leadership change improves U.S. performance. Flutter Board Announces CEO Transition
• Negative Sentiment: Adjusted earnings per share came in at $0.49, below estimates ranging from $0.54 to $0.58 and sharply below $2.95 a year earlier. The earnings miss, along with a reported swing to a loss, contributed to the selloff. Flutter Shares Plummet on Earnings Miss and Leadership Change
• Negative Sentiment: Flutter cut its profit outlook again and issued 2026 revenue guidance of $17.4 billion to $18.4 billion, a range that only narrowly brackets consensus expectations. The weaker outlook reflects continued difficulties in the U.S. sportsbook, including unfavorable economics and higher promotional or operating pressures. Flutter CEO to Step Down as U.S. Sports-Betting Business Falters
• Negative Sentiment: Analyst target reductions and a Zacks downgrade to “strong sell” reinforce concerns about near-term earnings momentum, even though several firms continue to rate FLUT “buy.”

Analyst Ratings Changes

A number of brokerages have weighed in on FLUT. Freedom Capital raised shares of Flutter Entertainment to a “hold” rating in a research note on Monday, June 22nd. Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, July 8th. Sanford C. Bernstein dropped their price objective on shares of Flutter Entertainment from $125.00 to $115.00 and set a “market perform” rating on the stock in a report on Thursday, May 7th. Wells Fargo & Company cut their price objective on shares of Flutter Entertainment from $137.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Needham & Company LLC reduced their target price on shares of Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.04.

About Flutter Entertainment

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.