# Flutter shares dip as Q3 revenue misses estimates

> Flutter Entertainment cuts 2026 revenue outlook after Q3 revenue misses Wall Street expectations.
- Title: Flutter shares dip as Q3 revenue misses estimates | Shortify
- Summary: Flutter Entertainment cuts 2026 revenue outlook after Q3 revenue misses Wall Street expectations. Flutter Entertainment reported Q3 revenue of $3.87 billion…
- Keywords: flutter, fan duel, revenue, 2026 outlook, buybacks, deleveraging, ebitda, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/0f01a466-2366-4570-a829-2db55f53249e
- Author: BigGo Finance
- Published: 2026-11-04T14:55:43+00:00
- Read time: 1 min
- Topics: flutter, fan duel, revenue, q3, 2026 outlook, buybacks, deleveraging, ebitda, finance, markets
## 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.
## Key takeaway

Flutter Entertainment reported Q3 revenue of $3.87 billion, below $4.03 billion consensus, and reduced its 2026 revenue guidance by $300 million.