SectorWire
SearchGet the daily briefing
Menu

Flutter cuts 2026 profit guidance as FanDuel posts $3m US EBITDA

Deals & M&A

Flutter Entertainment cut its full-year profit guidance for a third consecutive quarter on 4 November 2026, while FanDuel recorded US adjusted EBITDA of $3m in the third quarter. Group revenue rose 2% to $3.874bn, but adjusted EBITDA fell 25% to $360m; Flutter also paused share buybacks as it sought to reduce debt.

Investors face lower profit guidance, sharply reduced FanDuel adjusted EBITDA and paused buybacks as Flutter seeks to reduce debt.

End-of-day close Flutter (FLUT), USD, to 3 November 2026
Story date21 September 20263 November 2026

Latest reported results

Flutter NYSE: FLUT

Quarter ended 30 June 2026

Revenue
USD 4.33bn
Operating income
−USD 144.0m10-Q filing 0001635327-26-000056

Connections

Request a correction

Keep reading

Deals & M&A

Sportsbooks use AI tools to engage and retain bettors

Bet365, FanDuel and Hard Rock are using AI features to provide bettors with game insights and help building wagers, according to the report. Eilers & Krejcik Gaming analyst Brad Allen said its app testing found Hard Rock’s AI insights well received, while feedback on FanDuel’s AceAI was mixed; the sample was too small to establish broader preferences.

Bet365, FanDuel and Hard Rock are using artificial intelligence on the customer-facing side of their sportsbooks, according to the report. The report describes the tools as providing bettors with game-specific insights and help in building wagers.

Continue reading