Flutter Entertainment Announces Q2 2026 Financial Results
Flutter reported Q2 revenue of $4.33 billion, up 3% year-over-year, but swung to a net loss of $296 million compared to a $37 million profit in the prior year. Adjusted EBITDA fell 45% to $508 million, driven by adverse sports results, tax provisions related to India and the US, and increased investment in its US sportsbook strategy. Citing these factors, the company cut its full-year 2026 guidance, with revenue lowered to a midpoint of $17.91 billion and Adjusted EBITDA to $2.655 billion. Management noted that while Q3 trading is ahead of expectations, full-year margins are pressured by NFL scheduling changes and necessary investments to maintain market share.
Key figures
- Revenue
- 4326000000
- Guidance
- Full year 2026 revenue $17.91bn, Adjusted EBITDA $2.655bn (cut from prior guidance)
- Revenue Yoy
- +3%
- Us revenue
- 1683000000
- Free cash flow
- 189000000
- Leverage ratio
- 4.3x
- Us revenue yoy
- -6%
- Adjusted ebitda
- 508000000
- Adjusted ebitda yoy
- -45%
- International revenue
- 2643000000
- International revenue yoy
- +10%
AI analysis
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