$FLUT · Flutter Entertainment plc
Flutter reported Q3 2026 results on November 4, 2026. Group revenue rose 2% YoY to $3,874M, but adjusted EPS swung to a loss of $0.18 from $1.64 a year earlier. Group adjusted EBITDA fell 25% to $360M, with US segment adjusted EBITDA down 94% to $3M. Net loss widened 46% to $1,148M. The company paused its share repurchase program and updated 2026 guidance for adverse sports results and Brazil.
- Group revenue rose 2% YoY to $3,874M in Q3 2026.
- Adjusted EPS swung to a loss of $0.18 from $1.64 a year ago.
- US segment adjusted EBITDA fell 94% to $3M.
- Net loss widened 46% to $1,148M.
- Share repurchase program paused for the foreseeable future.
Shares fell 4.47% in the regular session to $83.74, though extended-hours trading showed a modest +0.91% rebound to $84.50.
A swing to adjusted losses, a 94% US EBITDA collapse, and a paused buyback signal deteriorating profitability at the world's largest online betting operator.
The US sportsbook margin compression (net revenue margin down 60bps to 6.8%) reflects rising promotional spend and adverse sports results across the online betting sector.
Adverse sports results and Brazil market conditions drove the guidance cut; the company also flagged a non-cash impairment tied to regulatory uncertainty in Türkiye.