Quarterly ResultMay 6, 2026, 04:21 PM
Flutter Q1 Revenue +17% to $4.30B; Net Income -38% to $209M
AI Summary
Flutter Entertainment plc reported Q1 2026 revenue of $4.30 billion, a 17% increase year-over-year, driven by M&A and strong iGaming growth. However, net income decreased by 38% to $209 million, and EPS fell by 22% to $1.23, primarily due to higher interest expense and depreciation. The company also announced management changes and updated its full-year 2026 guidance, slightly reducing revenue and adjusted EBITDA expectations. A review of its London Stock Exchange listing has commenced, and $190 million has been returned to shareholders via buyback.
Key Highlights
- Group revenue increased 17% to $4.30 billion.
- Net income decreased 38% to $209 million; EPS fell 22% to $1.23.
- US revenue grew 6% to $1.76 billion, with iGaming up 19%.
- International revenue rose 27% to $2.54 billion, with iGaming up 32%.
- Dan Taylor appointed President of Flutter Entertainment; Christian Genetski to lead US business.
- Updated FY2026 guidance: revenue $18.305 billion, adjusted EBITDA $2.865 billion.
- Review of London Stock Exchange listing commenced, potentially leading to delisting.
- $190 million returned to shareholders as of May 1, 2026, via buyback.
Price Impact
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