Flutter Entertainment PLC: Q3 2026 Earnings Release
Flutter reported Q3 2026 revenue of $3.874B, up 2% YoY, but a $1.148B net loss driven by an $873M Brazil impairment and $105M in legal loss contingencies. Adjusted EBITDA fell 25% to $360M on adverse sports results, the UK gaming tax hike, and heavy prediction-markets investment; US adjusted EBITDA collapsed 94% to $3M despite 6% US revenue growth. New CEO Dan Taylor set four priorities and announced $500M of additional cost savings by 2029, a UKI restructuring, the Betfair Brazil closure, a debt refinancing to 2032, and a pause to the share repurchase program.
Key figures
- Revenue
- 3874000000
- Guidance
- 2026 Group revenue midpoint cut $300m to $17.61bn (+7% YoY); adjusted EBITDA midpoint cut $160m to $2.495bn (-12% YoY)
- Revenue Yoy
- 2%
- Handle
- 20594000000
- Amp yoy
- -3%
- Net debt
- 10656000000
- Us revenue
- 1455000000
- Free cash flow
- 35000000
- Leverage ratio
- 4.6x
- Us revenue yoy
- +6%
- Adjusted ebitda
- 360000000
- Brazil impairment
- 873000000
- Adjusted ebitda yoy
- -25%
- International revenue
- 2419000000
- Average monthly players
- 13669000
- Fanfuel predicts volume
- 119000000
- Cost savings target 2029
- 500000000
- Legal loss contingencies
- 105000000
- International revenue yoy
- flat
AI analysis
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