Flutter reported Q1 2024 revenue of $3.4bn, up 16% year on year, and a net loss of $177m. The item also reports that SkyCity Adelaide and AUSTRAC proposed a $67m penalty in joint submissions to the Federal Court of Australia; the court is to decide the appropriate penalty.
Flutter’s results provide operators and investors with figures on revenue, player growth and profitability.
Quarter ended 30 September 2026
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FanDuel reportedly plans to make Christian Genetski its permanent chief executive from 1 January 2027, ending his interim tenure. The reported appointment was communicated to Flutter staff, but neither Flutter nor FanDuel has confirmed it. Genetski became interim CEO in May 2026 after Amy Howe stepped down.
Christian Genetski is set to become FanDuel's permanent chief executive, after an interim stint of nearly six months. The job becomes his officially on 1 January 2027. As of the report, no confirmation of the appointment had come from Flutter or FanDuel.
Peter Jackson, outgoing chief executive of Flutter Entertainment, has restated the company's intention to strengthen its position in the UK market. Flutter leads the UK through its Sky Bet, Paddy Power and Betfair brands, the report said.
Flutter Entertainment chief executive Peter Jackson said regulated online sports betting offers a better product than prediction markets. He said prediction markets grow where no licensed betting offer exists, leaving illegal bookmakers as their only competitor.
Flutter reported Q2 2024 group revenue of $3.6bn, up 20% year on year, and raised its full-year guidance. At the midpoints, it expects 2024 revenue to increase 20% and adjusted EBITDA to rise 34% year on year; average monthly players reached 14.3 million.
FanDuel reported a 51% share of US sports betting net revenue in the fourth quarter of 2023, based on company figures. Its gross revenue share was 43%, while Flutter reported US quarterly net revenue of £1.14 billion. Flutter said customer-friendly sports results reduced gross revenue by $343 million against its expectations.