Quarterly ResultMay 6, 2026, 04:10 PM
Flutter Q1 Revenue +17% to $4.3B; FY26 Guidance Lowered
AI Summary
Flutter Entertainment reported Q1 2026 revenue up 17% to $4.304 billion, driven by strong iGaming growth and M&A, but net income fell 38% to $209 million. The company updated its full-year 2026 guidance, lowering revenue to $18.305 billion and adjusted EBITDA to $2.865 billion. Significant management changes were announced, with Dan Taylor appointed President of Flutter Entertainment and Christian Genetski leading the US business following Amy Howe's departure. A review of the London Stock Exchange listing has also commenced.
Key Highlights
- Q1 2026 Revenue increased 17% to $4.304 billion.
- Q1 2026 Net Income decreased 38% to $209 million; EPS $1.23 (-22%).
- Q1 2026 Adjusted EBITDA rose 2% to $631 million.
- Full-year 2026 revenue guidance lowered to $18.305 billion (from $18.4B).
- Full-year 2026 adjusted EBITDA guidance lowered to $2.865 billion (from $2.97B).
- Dan Taylor appointed President of Flutter Entertainment; Christian Genetski to lead US business.
- Amy Howe, President of FanDuel, departed the company.
- Review of London Stock Exchange listing commenced, potentially leading to delisting.