By SectorWire desk ·
Flutter FLUT · USD 75.60 2026-10-16 Data recorded a $296m second-quarter loss. It lowered full-year adjusted EBITDA guidance by $210m and named Dan Taylor its next chief executive.
The results combine a quarterly loss with a reduced full-year earnings outlook.
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Dan Taylor’s arrival as Flutter group CEO and Allwyn’s new chief technology officer change leadership at both companies.
The succession transfers Flutter’s leadership to its international business chief.
Additional US spending will reduce near-term profitability, according to Flutter.
The timetable defines Flutter’s leadership handover and transition support.
The succession includes an advisory transition period for the outgoing chief executive.
Flutter’s leadership transition includes an advisory period for the outgoing chief executive.