The NBA, MLB and NFL have all worked with betting companies to put restrictions on prop bets — wagers placed on a specific statistic within a game
Flutter Entertainment PLC's (LSE:FLTR, NYSE:FLUT) shares took a battering after the bookmaker reset its profit guidance for next year, catching investors off guard with a roughly 10% downgrade at the earnings level. But JP Morgan reckons the market has overreacted.
Flutter Entertainment PLC's (LSE:FLTR, NYSE:FLUT) latest quarter has prompted a tidy round of number-crunching at Citi, and the conclusion is that the near-term picture has lost a little of its shine. The broker has cut earnings and revenue forecasts after the group's third-quarter results fell short, and after management warned that unhelpful sports outcomes in the fourth quarter would dent both its US and international operations.
Sports betting stock Flutter Entertainment PLC (NYSE:FLUT) is falling sharply today, last seen down 8.8% at $213.87, after mixed third-quarter results.
Flutter Entertainment plc is entering the prediction market with FanDuel Predicts, competing with Kalshi and Polymarket and increasing the brand's market access. Flutter's iGaming performance remained very strong in Q3, led by market share gains in the U.S. and strong growth internationally. FanDuel's sports betting market share saw pressure from tightening competition, and adverse NFL results further pressured earnings. Flutter has responded by increasing investments in Q4.
The lower full-year outlook reflects a step-up in investment in sports and prediction markets, a tax cost relating to the Illinois wager fee, and changes to regulations in India.
The parent company of FanDuel late Wednesday announced a foray into prediction markets alongside a profit warning.
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) shares slipped 2.5% to 17,364.46p on Thursday after the betting group nudged its 2025 guidance lower, blaming unusually customer-friendly sports outcomes and higher investment in its US business. The update overshadowed what management described as a “solid” third quarter, with revenue up 17% year on year to US$3.79 billion and average monthly players rising 9%.
Although the revenue and EPS for Flutter (FLUT) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Flutter Entertainment (FLUT) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.43 per share a year ago.
Flutter (FLUT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) could deliver better-than-feared third-quarter results when it reports on 12 November, according to Citi. The US bank opened a 30-day "positive catalyst watch" ahead of the update and reiterated its 'buy' rating.