Flutter Entertainment posts Q3 loss, cuts full‑year outlook and suspends share buybacks
+2 new sources since this summary was written
Flutter Entertainment reported a third‑quarter 2026 loss of $862 million, or $4.90 per share, missing analyst expectations. Revenue rose 2% year‑over‑year to $3.874 billion, but adjusted EBITDA fell 25% to $360 million and a $873 million non‑cash impairment was recorded. The company lowered its fiscal‑2026 guidance and paused its $500 million share‑repurchase program. CEO Dan Taylor highlighted progress in the US sportsbook despite a 94% drop in US adjusted EBITDA.
Why it matters
The lowered full‑year guidance signals reduced earnings expectations for investors, and the suspension of the share‑buyback program removes a source of shareholder return (the company said it would target $500 million in cost savings by 2029).
Key facts
- 1Group revenue increased 2% year‑over‑year to $3,874 million. investing.com
- 2Adjusted EBITDA declined 25% to $360 million. investing.com
- 3The company recorded a $873 million non‑cash impairment related to Brazil. investing.com
- 4Adjusted loss per share was $0.18, versus analyst expectations for a profit of $0.35. investing.com
- 5US segment revenue grew 6% year‑over‑year, while US adjusted EBITDA fell 94%. investing.com
- 6Free cash flow (including capex, excluding player funds) was negative $91 million, a 22% improvement from the prior year’s negative $117 million. investing.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.