Flutter Entertainment (NYSE:FLUT) Releases 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 for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05), FiscalAI reports. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a positive return on equity of 7.20% and a negative net margin of 4.39%.The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.95 earnings per share.

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 Trading Up 0.1%

Shares of Flutter Entertainment stock traded up $0.05 during trading on Thursday, reaching $92.96. 7,400,358 shares of the stock were exchanged, compared to its average volume of 2,944,034. Flutter Entertainment has a 1 year low of $89.71 and a 1 year high of $313.68. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of -21.62, a price-to-earnings-growth ratio of 1.27 and a beta of 1.28. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock’s fifty day moving average is $104.57 and its 200 day moving average is $113.66.

Insiders Place Their Bets

In other news, Director Carolan Lennon sold 439 shares of Flutter Entertainment stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $94.63, for a total value of $41,542.57. Following the sale, the director directly owned 1,688 shares in the company, valued at approximately $159,735.44. This trade represents a 20.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don H. Liu sold 1,259 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $93.37, for a total value of $117,552.83. Following the completion of the sale, the insider directly owned 21,006 shares of the company’s stock, valued at $1,961,330.22. The trade was a 5.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have bought 10,453 shares of company stock worth $1,045,526 and have sold 5,994 shares worth $577,293. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FLUT. Zions Bancorporation National Association UT raised 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 worth $27,000 after purchasing an additional 118 shares in the last quarter. EFG International AG bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at $36,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Flutter Entertainment by 83.3% in 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 period. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $53,000 after acquiring an additional 133 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Flutter Entertainment by 74.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock valued at $71,000 after acquiring an additional 106 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Benchmark cut their price objective on shares of Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $148.00 price objective on shares of Flutter Entertainment in a research note on Thursday. Needham & Company LLC decreased their target price on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group reduced their target price on shares of Flutter Entertainment from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wedbush decreased their price objective on Flutter Entertainment from $138.00 to $126.00 and set an “outperform” rating for the company in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $168.04.

Key Flutter Entertainment News

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.”

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.