Quarterly ResultAug 5, 2026, 07:05 AM
Flutter Q2 Revenue +3% to $4.33B; Net Loss $296M; CEO Transition
AI Summary
Flutter Entertainment plc reported Q2 2026 financial results with group revenue increasing 3% to $4.326 billion. However, the company posted a net loss of $296 million, a significant decline from a $37 million profit in Q2 2025, and adjusted EBITDA decreased 45% to $508 million. The company also announced that CEO Peter Jackson will transition out, with Dan Taylor succeeding him on October 1, 2026. Full-year 2026 guidance was updated, reducing both revenue and adjusted EBITDA midpoints.
Key Highlights
- CEO Peter Jackson to transition, succeeded by Dan Taylor on October 1, 2026.
- Group revenue increased 3% to $4.326 billion (Q2 2025: $4.187 billion).
- Net loss was $296 million (Q2 2025: $37 million profit), a 900% decrease.
- Adjusted EBITDA decreased 45% to $508 million (Q2 2025: $919 million).
- US revenue declined 6% to $1.683 billion; International revenue grew 10% to $2.643 billion.
- Updated full-year 2026 revenue guidance reduced to $17.91 billion (midpoint).
- Updated full-year 2026 adjusted EBITDA guidance reduced to $2.655 billion (midpoint).
- Initiated Phase Two cost transformation targeting $500 million gross savings by 2029.
Price Impact
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