From BigGo Finance · BigGo Finance · · 1m 20s
Flutter shares dip as Q3 revenue misses estimates
Flutter Entertainment cuts 2026 revenue outlook after Q3 revenue misses Wall Street expectations.
In brief
Flutter Entertainment cuts 2026 revenue outlook after Q3 revenue misses Wall Street expectations. Flutter Entertainment reported Q3 revenue of $3.87 billion, below $4.03 billion consensus, and reduced its 2026 revenue guidance by $300 million. Originally reported by BigGo Finance.
Flutter Q3 revenue report
Flutter Entertainment reported third-quarter revenue of $3.87 billion, up 2% year over year but below the $4.03 billion consensus.
Q3 loss per share
The company reported a loss per share of $4.90 against an expected profit of $0.35.
Net loss expansion
Net loss widened to $1.15 billion from $789 million a year earlier, driven by Brazil impairment and legal contingencies.
Adjusted EBITDA decline
Adjusted EBITDA fell 25% to $360 million, below the prior year.
2026 revenue guidance cut
Flutter cut its 2026 revenue midpoint guidance by $300 million to $17.61 billion.
2026 EBITDA guidance cut
Adjusted EBITDA guidance was reduced by $160 million to $2.495 billion.
Share buybacks paused
The company paused share buybacks to prioritize deleveraging from 4.6 times toward a 2 to 2.5 times target.
Cost savings target
Flutter outlined $500 million in additional cost savings by 2029 to reduce debt.
Brazil market closure
Brazil's regulated online betting market closed following a government ban on sports betting.
What to remember
Flutter Entertainment reported Q3 revenue of $3.87 billion, below $4.03 billion consensus, and reduced its 2026 revenue guidance by $300 million.
