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Flutter reports mixed Q2 results as CEO Peter Jackson announces resignation and guidance is lowered. Editorial Standards Fact-Checked ⊘ Independence Commercial Disclosure GC AI Summary Flutter Entertainment reported Q2 2026 revenue of $4.33 billion, up 3% year-over-year and above estimates, but missed earnings expectations and saw adjusted EBITDA fall 45% to $508 million due to weaker U.S. sportsbook performance, higher U.K. taxes, and increased investments. The company also lowered its full-year adjusted EBITDA guidance to $2.655 billion and reduced its revenue midpoint forecast to $17.91 billion. Alongside the earnings report, longtime CEO Peter Jackson announced his resignation after nine years, with international CEO Dan Taylor set to take over on October 1, 2026. Key Takeaways Earnings and Revenue - Adjusted earnings came in at 49 cents a share on revenue of $4.33 billion. While the revenue beat FactSet consensus estimates of $4.24 billion, the earnings missed Wall Street expectations of 54 cents Revised Outlook - Full-year revenue guidance was set at a midpoint of $17.91 billion, falling well short of Wall Street expectations of $18.21 billion U.S. Headwinds - As the parent company of FanDuel, Flutter experienced a plateauing stateside market where U.S. handle grew by 2% year-over-year in the second quarter International Growth - International revenues rose 10% year-over-year to $2.64 billion, fueled by a 64% increase in Brazil despite regulatory hurdles such as a new government self-exclusion register Fact-checked Sources verified before publication Longtime leader to step down as international CEO Dan Taylor prepares to take over; Q2 highlights Record World Cup engagement and upgraded sportsbook investments. Flutter Entertainment announced the resignation of longtime CEO Peter Jackson alongside its Q2 2026 earnings report on Wednesday. Jackson concludes a nine-year tenure that transformed the company from a $2 billion U.K.-focused business into a $16 billion international betting titan. However, shares of the world's largest betting firm and FanDuel parent company dropped following mixed earnings, revenue figures, and a significant reduction in full-year guidance. Financial performance and Q2 highlights. For the second quarter, Flutter posted revenue of $4.33 billion, representing a 3% increase year-over-year that topped FactSet consensus estimates of $4.24 billion. Adjusted earnings came in at 49 cents per share, missing Wall Street expectations of 54 cents. Profitability across the group faced heavy pressure, with adjusted EBITDA falling 45% year-over-year to $508 million, impacted by weaker U.S. sportsbook economics, higher U.K. gaming taxes, and historical tax charges. Despite the compressed margins and a net loss of $296 million for the quarter, operations benefited from several key drivers: * Record engagement during the FIFA World Cup brought in approximately 10.5 million customers and generated $3 billion in stakes across the tournament. * Solid progress against FanDuel's sportsbook improvement plan provided leadership with the confidence to proactively increase investment heading into the second half of the year. * International revenues rose 10% year-over-year to $2.64 billion, supported by acquisitions and strong growth in regions such as Southeast Asia (SEA) and Central and Eastern Europe (CEE). * The prediction markets offering was successfully expanded through Crypto.com, relocating sports and novelty contracts while continuing financial market access through CME Group. Due to the increased investments and headwinds, Flutter adjusted its full-year revenue guidance to a midpoint of $17.91 billion and lowered its full-year adjusted EBITDA outlook to $2.655 billion. Leadership transition and executive succession. Dan Taylor, currently serving as the CEO of Flutter's international business, will step in as group CEO effective October 1, 2026, joining the company's Board of Directors. Peter Jackson will remain with the company as an adviser through the end of the year to ensure a seamless transition. Reflecting on his departure in his final letter to shareholders, Jackson noted that he frequently made choices carrying short-term costs to strengthen the business and its long-term competitive position. Dimitri is an iGaming expert with nearly a decade of experience and a knack for crafting content that speaks directly to the iGaming crowd. He understands affiliate marketing, player psychology, and search algorithms, which enables him to write engaging, data-driven articles. 1 source verified before publication. This news is an official press release that traces directly to official documents by Flutter Entertainment. How Gamblers Connect verify sources Flutter Entertainment · August 5, 2026 Official Body Primary Gamblers Connect only publishes verified and official news from reputable corporations. Read its full editorial standards

Flutter Entertainment reported Q2 CY2026 revenue of $4.33 billion, up 3.3% year on year and beating analyst estimates by 2%. The online betting company, which operates FanDuel, PokerStars, and Paddy Power, also exceeded expectations on adjusted EBITDA at $508 million. However, the company's non-GAAP earnings of $0.49 per share missed consensus estimates by 11.7%. Operating margin declined to -3.3% from 9.3% in the same quarter last year. Flutter's recent revenue growth has slowed, with two-year annualised growth of 15.4% falling below its five-year compound annual growth rate of 19.3%. The company's market capitalisation stands at $18.21 billion.

FLUT stock holds key support as trading range tightens. JACK KELLOGG - UPDATED AUG. 5, 2026, 8:33 AM ET Flutter Entertainment Plc stocks have been trading down by -7.12 percent amid heightened regulatory scrutiny threatening its core betting revenues. Key takeaways. * FLUT has been trading in a wide range between roughly $100 and $113, with recent closes clustering just above $100 as volatility cools. * Daily candles show Flutter Entertainment Plc bouncing around the $105 zone, turning it into a key battleground level for short-term traders. * Intraday FLUT action shows heavy early selling from the $107 premarket area down toward the high-$90s, followed by gradual stabilization. * Fundamentals show strong revenue growth for Flutter Entertainment Plc, but thin profit margins and leverage keep risk elevated. * Traders are watching whether FLUT can turn its recent consolidation into a trend move, up or down, off this tightening base. Live Update At 08:32:56 EDT: On Wednesday, August 05, 2026 Flutter Entertainment Plc stock [NYSE: FLUT] is trending down by -7.12%! Discover the key drivers behind this movement as well as its expert analysis in the detailed breakdown below. Quick financial overview. Flutter Entertainment Plc gives traders a classic growth-versus-profitability puzzle. FLUT generated about $16.38B in revenue over the past year, a big number for a gambling and gaming operator. Revenue has grown more than 26% over three years, so the top line is not the problem. The issue is what the company keeps. FLUT runs a rich 45.2% gross margin, which shows the core business can be very profitable. But after marketing, tech, regulatory costs, and interest, profitability gets thin. EBIT margin sits at 2.4%, while the overall profit margin is still negative, around -1.9% to -2.5%. Return on equity and return on assets are both in negative territory, signaling that Flutter Entertainment Plc is not yet converting sales into strong bottom-line returns. On valuation, traders are paying about 1.09 times sales and roughly 1.97 times book value for FLUT. That is not stretched for a global leader, but it is not a bargain bin price either. Debt is meaningful, with total debt-to-equity at 1.42 and interest coverage of 3.7. FLUT is fine for now, yet the balance sheet forces management to stay disciplined. This combination sets up a name where execution really matters and where surprises in either direction can move the stock fast. Why traders are watching FLUT price action. For active traders, FLUT is on the radar because the chart is screaming "decision point." Over the past few weeks, Flutter Entertainment Plc has swung from a high near $117 down toward $100, then bounced, then faded again. That's a textbook wide range. Recent daily closes around $104-$106 show FLUT trying to build a base in the low-$100s after failing to hold the mid-teens. Look at the daily candles: on 2026/07/13 FLUT printed a strong push to about $117 intraday, but the close near $112 showed sellers stepping in. Since then, each bounce into the $108-$110 zone has attracted more supply. On 2026/07/29 and 2026/07/31, Flutter Entertainment Plc tried to reclaim momentum, popping over $107, but both days faded into the close. That tells traders the overhead area around $110 now acts as resistance until proven otherwise. Today's intraday action drives the point home. FLUT opened premarket around $107, hit $107.5, then flushed quickly toward the mid-$90s. That kind of sharp drop, followed by sideways trading between about $96 and $100, shows aggressive selling met by opportunistic dip buying. For momentum traders, this is a classic tug-of-war zone. Combine that price action with the fundamentals, and FLUT becomes a "prove it" story. Flutter Entertainment Plc has scale, revenue growth, and a solid gross margin. But the negative net margin and leverage mean any earnings disappointment or regulatory hit could pressure the stock. If FLUT can hold above roughly $100 and push back through $110 with volume, traders may start to price in a cleaner growth story. If it loses the $100 floor with conviction, many short-term traders will likely step aside or trade it from the short side until a new base forms. Conclusion. FLUT is not a sleepy blue chip drifting sideways with no story. Flutter Entertainment Plc is a volatile, large-cap gambling leader stuck between strong revenue growth and still-messy profitability. The chart tells that story in real time. Big swings from $117 down toward $100, repeated failures near $110, and a sharp intraday dump from $107 into the high-$90s all show an active battleground between bulls and bears. For traders, the levels are clear. On the downside, the $98-$100 area has become the line in the sand. A clean breakdown below that zone, especially with heavy volume, would confirm that the most recent bounce was just a dead-cat move inside a larger downtrend. On the upside, FLUT needs to chew through $108 and then $110-$112 to signal that buyers are truly back in charge and that Flutter Entertainment Plc is ready for another leg higher. The fundamentals back up this technical tension. Strong revenue and a 45.2% gross margin say growth is real. Negative net margins, leverage, and modest returns on capital say discipline and execution still matter a lot. That mix creates exactly the type of uncertainty traders thrive on. As millionaire penny stock trader and teacher Tim Sykes says, "Embrace the journey, the ups and downs; each mistake is a lesson to improve your strategy." That mindset is especially relevant here, where each breakout failure or support test can teach disciplined traders how FLUT truly trades around these key zones. As Tim Sykes likes to hammer home, "The market doesn't care about your opinion, only price action and risk management." For FLUT, that means respecting the key levels, cutting losses quickly if those levels break, and waiting patiently for the chart to confirm the next real trend before sizing up any trade. This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Its content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to Millionaire Media, LLC. for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. 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