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Analysts adjust forecasts for Penn, Flutter and DraftKings after market reviews

Deals & M&A

Analysts at Macquarie, Texas Capital Securities, B Riley Securities and Truist Securities issued views on Penn Entertainment, Flutter, DraftKings, DoubleDown Interactive and Gaming and Leisure Properties. Texas Capital cut its 2026 and 2027 EBITDA estimates for Flutter and DraftKings, citing slower sports betting trends and higher investment costs in prediction markets.

The revised estimates and analyst views provide investors with updated expectations for named gambling companies.

End-of-day close Flutter (FLUT), USD, to 11 June 2026
Story date13 March 202611 June 2026

Related company prices

Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

DoubleDown Interactive Nasdaq: DDI

Quarter ended 30 June 2026

Revenue
USD 94.3m

Gaming and Leisure Properties Nasdaq: GLPI

Quarter ended 30 September 2026

Revenue
USD 435.4m10-Q filing 0001575965-26-000072
Operating income
USD 309.9m10-Q filing 0001575965-26-000072

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