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

Flutter Entertainment (NYSE:FLUT) posted its earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.50), FiscalAI reports. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates 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 in the prior year, the business 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

NYSE FLUT remained flat at $81.79 on Thursday. The company’s stock had a trading volume of 1,755,480 shares, compared to its average volume of 3,271,463. The stock’s 50 day moving average price is $86.04 and its two-hundred day moving average price is $105.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $14.19 billion, a P/E ratio of -19.02, a price-to-earnings-growth ratio of 3.07 and a beta of 1.27. Flutter Entertainment has a 52-week low of $72.56 and a 52-week high of $235.77.

Analyst Ratings Changes

Several research analysts have recently issued reports on FLUT shares. Deutsche Bank Aktiengesellschaft set a $148.00 price target on Flutter Entertainment in a research note on Thursday, August 6th. Wolfe Research began coverage on shares of Flutter Entertainment in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $150.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Flutter Entertainment in a report on Wednesday. Wells Fargo & Company decreased their target price on shares of Flutter Entertainment from $112.00 to $86.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Rothschild & Co Redburn cut shares of Flutter Entertainment from a “buy” rating to a “neutral” rating and lowered their target price for the company from $169.00 to $119.00 in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Insider Buying and Selling

In related news, CEO Daniel Taylor sold 791 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was 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 owned 52,467 shares of the company’s stock, valued at $5,134,420.62. This trade represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO James Bishop sold 741 shares of Flutter Entertainment stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $72,514.26. Following the transaction, the chief operating officer directly owned 16,864 shares in the company, valued at approximately $1,650,311.04. The trade was a 4.21% 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. In the last ninety days, insiders have sold 6,681 shares of company stock worth $644,214. 0.13% of the stock is owned by corporate insiders.

Key Flutter Entertainment News

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

• Positive Sentiment: U.S. revenue was a bright spot in the quarter, providing some evidence of continued growth in Flutter’s core market. Article: Flutter Results Miss the Mark. U.S. Revenue Was a Bright Spot.
• Positive Sentiment: Some analysts still see upside: Citizens JMP cut its target to $116 but kept a market-outperform rating, while Susquehanna raised its target to $101 and retained a positive rating. Article: Citizens JMP price target update
• Neutral Sentiment: Analyst views are mixed. Wells Fargo lowered its target sharply, from $112 to $86, and maintained an equal-weight rating; BTIG modestly raised its target to $96 and kept a buy rating. Wells Fargo rating information
• Negative Sentiment: Q3 revenue rose about 2% year over year to $3.87 billion but missed expectations of $3.99 billion. Flutter reported a $0.18-per-share loss, versus analyst expectations for a profit, and adjusted earnings and EBITDA also missed estimates. Article: Flutter Entertainment Reports Q3 Loss, Lags Revenue Estimates
• Negative Sentiment: Flutter cut its full-year outlook after the results. A roughly $873 million Brazil impairment, regulatory and tax headwinds, and unfavorable football outcomes weighed on performance; the company also paused share buybacks to prioritize debt reduction and savings. Article: Flutter cuts 2026 guidance and targets $500m more savings by 2029

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.