Flutter Entertainment price target trimmed on increased promotional spending
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT)'s price target was lowered to $180 from $210 by Jefferies, which cut its earnings estimates following the company's decision to increase promotional spending in the US during the second half of 2026. Jefferies cut its Group EBITDA estimates by 8% for 2027 and 13% for 2028, with the reductions entirely reflecting lower US estimates.
Flutter Entertainment Q2 Earnings Call Highlights
Flutter Entertainment NYSE: FLUT reported second-quarter revenue growth of 3% as strong customer engagement around the FIFA World Cup and acquisitions helped offset customer-friendly U.S. sports results and higher taxes in the United Kingdom.
Citi upgrades Flutter after 13% share price slide
Citi has upgraded Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) to 'neutral' following the gambling group's second-quarter results, arguing that a 13% share price fall since April has reset expectations. The US bank trimmed its target price on the FanDuel and Paddy Power owner to $93, from $93.26.
Here's What Key Metrics Tell Us About Flutter (FLUT) Q2 Earnings
The headline numbers for Flutter (FLUT) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Flutter Entertainment (FLUT) Q2 Earnings Lag Estimates
Flutter Entertainment (FLUT) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $2.95 per share a year ago.
Flutter Earnings Should Shed Light on Its Prediction Market Business
Investors should also look for updates on Flutter's prediction market business.
Analysts Estimate Flutter Entertainment (FLUT) to Report a Decline in Earnings: What to Look Out for
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.
FanDuel sent a video from star athlete Bryce Harper to a customer with a gambling problem
FanDuel, a sports betting app, is being sued for allegedly using VIP perks to deepen customers' gambling addictions. According to the Philadelphia Inquirer, Phillies star and two-time MLB MVP Bryce Harper sent a personalized video message to Terry Thompson, one of two plaintiffs in the case, as part of FanDuel's special treatment for big spenders.
Flutter Entertainment to Delist From London, Trade Solely in New York
The FanDuel owner said trading volumes and regulatory costs meant delisting from the U.K. exchange was in the best interests of the company and shareholders.
Flutter to quit LSE and trade solely in New York
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) is to delist from the London Stock Exchange and maintain a sole listing in New York, ending its presence on the UK market little more than two years after moving its primary listing across the Atlantic. The gambling group, which owns FanDuel, Paddy Power and Betfair, said its final day of trading on the London market will be 31 July.
Is The Market Mispricing Flutter Entertainment On FanDuel Concerns?
Flutter Entertainment faces headwinds from prediction markets and declining US sports betting revenues, yet I see opportunity amid the negative sentiment. The 2026 World Cup is a rare, massive customer acquisition event, with 62% of US soccer fans expected to bet and 29% likely to place first-time bets. FanDuel's dominant US sportsbook position gives FLUT scale advantages to capture new users during high-profile sporting events.
Flutter Entertainment: Attractive Entry Point
Flutter's Q1 revenue increased 17% year-over-year to $4.3 billion, supported by strong iGaming growth (+28%) and acquisitions. International EBITDA reached $587 million, helping offset weaker U.S. performance and providing diversification benefits. Management expects margin improvement through product integration, loyalty initiatives, cost efficiencies, and a unified FanDuel platform. The 2026 FIFA World Cup, NFL season, and broader iGaming expansion could act as meaningful catalysts for growth and sentiment recovery.
