Quarterly ResultAug 5, 2026, 07:08 AM
Flutter Reports H1 Net Loss of $56M Despite Revenue Growth
AI Summary
Flutter Entertainment plc reported a net loss attributable to shareholders of $274 million for the second quarter of 2026 and $56 million for the first half of 2026, a significant decline from profits in the prior year periods. This occurred despite a rise in total revenue to $4,326 million for Q2 2026 and $8,630 million for H1 2026. The losses were primarily driven by increased interest expenses, higher restructuring and integration costs, and $95 million in legal loss contingencies, including a significant amount related to Indian GST.
Key Highlights
- Total revenue increased to $4,326 million for Q2 2026 and $8,630 million for H1 2026.
- Net loss attributable to Flutter shareholders was $274 million for Q2 2026 and $56 million for H1 2026.
- Basic loss per share was $1.57 for Q2 2026 and $0.32 for H1 2026.
- Reportable segment Adjusted EBITDA decreased to $595 million for Q2 2026 and $1,301 million for H1 2026.
- U.S. segment revenue was $1,683 million for Q2 2026, with Adjusted EBITDA of $119 million.
- International segment revenue was $2,643 million for Q2 2026, with Adjusted EBITDA of $476 million.
- Legal loss contingencies of $95 million were recorded in H1 2026, including $62 million for Indian GST.
- Net cash provided by operating activities increased to $693 million for H1 2026.
Price Impact
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