Flutter Entertainment plc (FLUT) Discusses FanDuel Performance Challenges and Strategic Organizational Changes Transcript
Flutter Entertainment plc (FLUT) Discusses FanDuel Performance Challenges and Strategic Organizational Changes Transcript
Flutter Entertainment Q1 Earnings Call Highlights
Flutter Entertainment NYSE: FLUT reported 17% revenue growth in the first quarter of 2026 and said it is seeing early signs of improvement in its U.S. sportsbook business, while announcing changes to the leadership structure at FanDuel.
Flutter shares now pricing zero US growth, flags Jefferies
Flutter Entertainment PLC's (LSE:FLTR, NYSE:FLUT) first-quarter update has done little to shift the central debate around the stock: whether the US growth story is stalling, or simply paused. On the face of it, the numbers were solid, with revenue and earnings slightly ahead of expectations.
Flutter shares slide 4% as profit drop and US struggles overshadow revenue beat
Shares in Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT), the world's largest online sports betting and gaming operator, fell 4% to 7,404p after the company reported a sharp drop in profits and trimmed its full-year guidance, overshadowing a stronger-than-expected revenue performance. Net income fell 38% to $209 million in the first quarter, with earnings per share down 22% to $1.23, as costs from recent acquisitions and investment in its US prediction markets business weighed on the bottom line.
Flutter Entertainment plc (FLUT) Q1 2026 Earnings Call Transcript
Flutter Entertainment plc (FLUT) Q1 2026 Earnings Call Transcript
Flutter Entertainment (FLUT) Surpasses Q1 Earnings and Revenue Estimates
Flutter Entertainment (FLUT) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.59 per share a year ago.
Flutter (FLUT) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Flutter (FLUT) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
FanDuel CEO Amy Howe is out after five years at the sportsbook
Amy Howe is out as FanDuel CEO, people familiar with the matter told CNBC. Christian Genetski, FanDuel president, will step in.
Citi cuts Flutter to "sell" with sharply reduced 700p price target as US growth concerns mount
The investment bank slashes its price target by more than half, saying it has lost confidence in Flutter's ability to hit its own US profit targets. Citi has downgraded Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT), the FTSE 100 gambling group that owns FanDuel in the United States, from "buy" to "sell" and cut its price target from £158 to £68, a reduction of more than half, citing growing doubts about the pace of growth in its crucial American business.
FanDuel Predicts app could add $125 million in revenues not yet in Flutter's guidance, says US bank
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT)FanDuel Predicts app could generate $125 million in annual revenues not yet factored into company guidance or market consensus, according to Jefferies, which rates the global betting and gaming group a 'buy with a 16,000p price target. That's more than double the current share price, which sits at 7,636.95p, up 34.95p.
Alliancebernstein L.P. Purchases 118,422 Shares of Flutter Entertainment PLC $FLUT
Alliancebernstein L.P. increased its position in shares of Flutter Entertainment PLC (NYSE: FLUT) by 10.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,240,066 shares of the company's stock after acquiring an additional 118,422 shares during the period. Alliancebernstein L.P. owned about
Jefferies cuts Flutter price target by 45% but keeps 'buy' rating, arguing market prices in zero US growth
Jefferies has maintained its 'buy' rating on Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT), the online gambling group behind FanDuel and Paddy Power, while cutting its price target nearly in half from $380 to $210, arguing the stock has been de-rated to levels that imply no future growth in its core US market. The broker cut its earnings before interest, tax, depreciation and amortisation (EBITDA) estimates by between 13% and 19% across 2026 to 2028, with US forecasts reduced by 21% to 28%, following full-year results last week that revealed margin pressures from NFL betting and insufficient promotional efficiency.
