Flutter Entertainment reported revenue of $16.4bn for 2025, up 17%, and adjusted EBITDA of $2.8bn, up 21%. The company recorded a $407m net loss, which it attributed mainly to a $515m impairment linked to closing Junglee Games in India; it forecast 2026 revenue of $18.4bn.
Flutter’s results and 2026 forecasts provide operators and investors with figures on performance across its US and international businesses.
Quarter ended 30 September 2026
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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.
Flutter, owner of Paddy Power, Sky Bet and FanDuel, announced on Tuesday it will cut about 15% of its workforce in the UK and Ireland, affecting up to 1,400 staff. The company said the restructuring responds to steep online gambling tax increases announced in last November's UK Budget. Flutter put the reorganisation cost at $80m to $90m.
Flutter, the owner of Paddy Power, Sky Bet and FanDuel, announced on Tuesday that it will reduce about 15% of its workforce in the United Kingdom and Ireland. The restructuring could affect up to 1,400 employees.
DraftKings shares touched $18.55 on Thursday before closing at $19.35, marking their lowest level in more than three years. Flutter shares also declined. The report linked investor concerns to weaker quarterly earnings, promotional spending and competition from prediction markets.
On Thursday, the sportsbook operator's stock touched roughly $18.55 and ended the session at $19.35, a level it had not seen in over three years. The slump was not confined to DraftKings: Flutter Entertainment, which owns FanDuel, was caught up in the same selling. Over the past year, the value of DraftKings shares has been cut by about half, the report noted.
Fanatics could increase its sports betting advertising spending to $1bn in the USA, citing chief executive Michael Rubin's comments to Bloomberg. The report describes the potential spending as part of an effort to challenge DraftKings and FanDuel.
Fanatics could raise its sports betting advertising spending in the USA to as much as $1bn in 2027, chief executive Michael Rubin told Bloomberg. The company expects to spend $350m on such advertising in 2026, according to the report.
Genius Sports chief executive Mark Locke said prediction-market activity could create opportunities for traditional betting suppliers even if regulation changes the sector. He said demand for sports wagering would persist, while the article reports that Kalshi’s retail demand was concentrated in states without online sportsbooks, citing July figures from Eilers & Krejcik.