Flutter Entertainment plc (FLUT)
Flutter Entertainment: We Double Down (Rating Upgrade)
Flutter shares have declined another 20% since our May analysis, despite International resilience and encouraging early signs from FanDuel's increased investment. US profitability remains under pressure, but stronger customer engagement and additional promotional spending should support FanDuel's competitive position and future earnings recovery. International diversification, prediction markets, and $500 million of additional cost savings provide further upside beyond a recovery in the core US business.
Beaten-Down Flutter Entertainment Stock Upgraded
Flutter Entertainment PLC (NYSE:FLUT) stock has reversed its premarket gains, down 0.5% at $75.87 at last check, after Citigroup upgraded FLUT to "buy" from "neutral" with a $91 price target.
Flutter Entertainment: No Catalysts In Sight To Change My Mind
Flutter Entertainment plc remains a neutral Hold, with no near-term catalysts expected until at least 2027. Q2 revenues grew 3.3% to $4.33B, but U.S. sportsbook revenues declined nearly 15%, offset by international growth. Margins compressed sharply due to increased promotional spending and investments; profitability is expected to improve in coming quarters.
Flutter Entertainment plc (FLUT) Discusses Strategic Promotional Investments and Customer Engagement Initiatives for FanDuel Transcript
Flutter Entertainment plc (FLUT) Discusses Strategic Promotional Investments and Customer Engagement Initiatives for FanDuel Transcript
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.
