Flutter Entertainment (NYSE:FLUT) Issues Quarterly Earnings Results, Misses Estimates By $0.50 EPS

Flutter Entertainment (NYSE:FLUT) posted its quarterly earnings results on Wednesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.50), FiscalAI reports. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Flutter Entertainment had a positive return on equity of 4.26% and a negative net margin of 5.37%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 earnings per share.

Here are the key takeaways from Flutter Entertainment’s conference call:

• Flutter cut its 2026 revenue midpoint by $300 million to $17.61 billion and adjusted EBITDA guidance by $160 million to $2.495 billion, citing unfavorable sports results and Brazil’s closure, partly offset by cost actions. Q3 adjusted EBITDA fell 25%, and the company recorded an $873 million non-cash impairment related to Brazil.
• Underlying U.S. sportsbook performance exceeded expectations, with market-share gains in August and September and stronger customer engagement following increased promotional investment. Management said it expects promotional spending to remain elevated in 2027, while acknowledging that prediction-market operators are increasing media costs and competitive pressure.
• International gained share in several core markets, including the UK and Ireland, Italy, and Central and Eastern Europe. Flutter expects International adjusted EBITDA growth in 2027 at the high end of its 5%–10% long-term range, despite revenue headwinds.
• FanDuel Predicts volumes nearly tripled in October versus July, and customer engagement metrics are approaching sportsbook levels; management remains on track for its 2026 market-making guidance of about $50 million in revenue and $40 million in adjusted EBITDA. The company plans to continue investing, while noting that returns and regulation remain uncertain.
• Leverage ended Q3 at 4.6x, and Flutter paused its share-repurchase program as it prioritizes investment and debt reduction. Management is targeting an eventual return to 2x–2.5x leverage and expects an additional $500 million in gross operating-cost and capital-expenditure savings by 2029.

Flutter Entertainment Price Performance

FLUT traded down $1.44 during midday trading on Friday, reaching $81.53. 3,542,004 shares of the company’s stock were exchanged, compared to its average volume of 3,282,933. Flutter Entertainment has a 1-year low of $72.56 and a 1-year high of $235.77. The stock has a market capitalization of $14.15 billion, a PE ratio of -15.41, a P/E/G ratio of 3.00 and a beta of 1.27. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50-day moving average price is $85.74 and its 200 day moving average price is $105.40.

Insiders Place Their Bets

In other news, CEO Daniel Taylor sold 791 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $77,407.26. Following the completion of the transaction, the chief executive officer directly owned 52,467 shares of the company’s stock, valued at $5,134,420.62. This trade represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Jackson sold 1,762 shares of Flutter Entertainment stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $172,429.32. Following the transaction, the chief executive officer owned 70,452 shares of the company’s stock, valued at $6,894,432.72. This represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 6,681 shares of company stock valued at $644,214. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

FLUT has been the topic of a number of analyst reports. Susquehanna lifted their price objective on Flutter Entertainment from $100.00 to $101.00 and gave the company a “positive” rating in a report on Thursday. Needham & Company LLC cut their target price on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. UBS Group reduced their price target on Flutter Entertainment from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial reduced their price target on Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Finally, Wedbush dropped their price objective on Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.07.

Key Headlines Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: FanDuel’s handle increased 13%, providing a bright spot amid the broader results shortfall. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
• Positive Sentiment: Flutter plans an additional $500 million in cost savings by 2029, which could help cushion earnings pressure, though the benefits will take time to materialize. Flutter cuts 2026 outlook after Q3 loss, plans cost savings
• Neutral Sentiment: Several analysts lowered price targets following the results, but some maintained positive ratings, including UBS’s “buy” and Barclays’ “overweight.” This reflects reduced expectations alongside continued longer-term optimism. UBS analyst recommendation
• Negative Sentiment: Flutter’s Q3 results missed expectations, and the company cut its 2026 revenue outlook. Reports also cited a $1.15 billion quarterly loss, weighing on investor confidence in near-term performance. Flutter cuts full-year outlook after Q3 revenue and EBITDA miss estimates
• Negative Sentiment: Higher taxes, unfavorable football results and Brazil-related regulatory and impairment issues are adding pressure to the outlook. Tax hike, football results and Brazil’s betting ban hit Flutter
• Negative Sentiment: Weak results and outlook from rival DraftKings have also hit gaming stocks, adding to sector-wide selling pressure on Flutter. DraftKings plunges on weak forecast; Flutter also falls

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.

Its principal brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sky Bet in the United Kingdom, PokerStars internationally, and Sisal and SNAI in Italy.