Flutter Brazil said it appointed Diego Buriti as Head of Online Media. The company said Buriti has worked in iGaming operations and previously held roles at Globo, FOX, Disney and Sony Pictures.
The appointment places responsibility for Flutter Brazil’s online media strategy with a new senior executive.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
Flutter Brazil marked one year operating in Brazil’s regulated sports betting market, bringing together Betnacional and Betfair Brazil. The company said it had doubled its workforce and expanded its local operations; its platforms offer deposit limits, usage-time controls, temporary pauses and self-exclusion tools.
Flutter Brazil, which operates the Betnacional and Betfair brands, joined the Associação Brasileira de Anunciantes, the company said. It said it was the first online betting company to join the association and that it aims to contribute to discussions on responsible advertising in Brazil.
Flutter reduced its FY2026 forecasts after Brazil’s betting shutdown and unfavourable sports results in its US and International segments. Q3 adjusted EBITDA fell 25% to $360 million; the company lowered its revenue guidance midpoint by $300 million to $17.61 billion and its adjusted EBITDA forecast by $160 million to $2.495 billion, according to its results.
Flutter Entertainment reported a net loss of $1.15bn for the three months ended 30 September, compared with $789m a year earlier. It recorded an $873m non-cash charge relating to Brazil and said it closed its Brazilian operations on 26 September after a provisional measure banned online betting and gaming.
Flutter is winding down Betfair operations in Brazil and laying off local staff after a government measure halted regulated online betting, according to the report. The company said it would focus on Betnacional following a review of its commercial strategy, and said the employee process would comply with Brazilian labour laws. Flutter estimated the suspension could cost about $70 million in 2026 revenue if it lasted through year-end.