Flutter Entertainment (NYSE:FLUT) Announces Earnings Results, Misses Expectations By $0.50 EPS

Flutter Entertainment (NYSE:FLUT) posted its quarterly earnings data on Wednesday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates 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 negative net margin of 4.39% and a positive return on equity of 7.27%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 EPS.

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

Shares of FLUT traded down $0.49 during trading hours on Wednesday, reaching $83.25. 2,901,975 shares of the stock traded hands, compared to its average volume of 3,257,067. The company has a market cap of $14.45 billion, a P/E ratio of -19.34, a price-to-earnings-growth ratio of 2.92 and a beta of 1.27. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The company’s 50-day moving average price is $86.43 and its two-hundred day moving average price is $106.52. Flutter Entertainment has a 52-week low of $72.56 and a 52-week high of $235.77.

Insider Activity

In related news, COO James Bishop sold 741 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 transaction of $72,514.26. Following the sale, the chief operating officer owned 16,864 shares of the company’s stock, valued at approximately $1,650,311.04. This trade represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don Liu sold 565 shares of Flutter Entertainment 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 $55,290.90. Following the sale, the insider owned 20,441 shares in the company, valued at approximately $2,000,356.26. The trade was a 2.69% decrease in their position. 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. Insiders have sold a total of 6,681 shares of company stock valued at $644,214 in the last three months. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

FLUT has been the subject of a number of recent research reports. Citigroup upgraded Flutter Entertainment from a “neutral” rating to a “buy” rating and cut their price target for the company from $93.00 to $91.00 in a research note on Wednesday, October 7th. Needham & Company LLC lowered their price objective on shares of Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zacks Research downgraded shares of Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. BTIG Research cut their price target on Flutter Entertainment from $110.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $180.00 price target on shares of Flutter Entertainment in a research report on Sunday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and an average target price of $133.89.

Key Flutter Entertainment News

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

• Positive Sentiment: Revenue grew about 2% year over year to $3.874 billion, and coverage highlighted U.S. revenue as a bright spot. Article: Flutter results miss the mark. US revenue was a bright spot.
• Neutral Sentiment: Flutter forecast 2026 revenue of $17.34 billion to $17.89 billion, a range that spans FactSet’s $17.81 billion estimate. However, separate reports said the company cut full-year guidance. Article: Flutter 2026 revenue outlook
• Negative Sentiment: Q3 revenue came in below analyst expectations, while Flutter reported a loss of $0.18 per share versus $1.64 earnings per share a year earlier. The quarter’s loss included an $873 million Brazil impairment and exceeded $1 billion overall. Article: Flutter Q3 loss and revenue
• Negative Sentiment: The company paused share buybacks to prioritize debt reduction and cost savings, removing a source of shareholder returns and underscoring its focus on deleveraging. Article: Flutter pauses share buybacks

About Flutter Entertainment

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.