Skip to main content
FLUT logo

FLUT · Flutter Entertainment plc

Track FLUT — free
$81.13 -0.84 (-1.02%) At close · Nov 13
Market Cap
$14.11B
Shares
173.87M
Volume · Nov 13 1.67M Avg daily vol (3M) 2.82M

Price & Indicators

Drag to pan · scroll to zoom
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$81.13 Open$82.70 Day$80.58–83.74 52W close$74.26–223.97 Avg vol 30d2.9M Short int17.0M · 9.8% of shares · 7.6d Short vol57% Last earningsNov 4, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 4

Up next

Feb 25, 2027 Est · unconfirmed · in 15 wks

Latest documents

2026
Nov 4
Earnings call
Guidance cut after sports headwinds and Brazil closure

Flutter cut 2026 revenue midpoint guidance by $300 million to $17.61 billion and adjusted EBITDA guidance by $160 million to $2.495 billion after sports headwinds and Brazil closure. It recorded a $873 million non-cash impairment and paused share repurchases.

4 source passages
With me today are Flutter CEO Dan Taylor and CFO Rob Coldrake. Now moving on to our updated guidance for 2026 and our early thinking about US investment into 2027. Q4 trading has been in line with our expectations on an underlying basis, although sports results have been unfavourable in both the US and internationally. We have therefore updated our full year guidance to reflect the unfavourable Q3 and Q4 sports results and the closure of Brazil, partly offset by further cost actions. This reduces our full-year group revenue midpoint guidance of $300 million to $17.61 billion and a reduction in full-year adjusted EBITDA guidance of $160 million to $2.495 billion. As Dan mentioned, we have taken a prudent view on Brazil, resulting in a non-cash impairment charge of $873 million. As a result, we've decided to pause the existing share repurchase programme for the foreseeable future. Open the document at this passage
Nov 4
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Revenue rises as Brazil cessation triggers $541 million impairment

Flutter Entertainment reported revenue of $3,874 million for the three months ended September 30, 2026, up 2%, while net loss widened to $1,148 million and Adjusted EBITDA fell to $360 million. A $541 million Brazil goodwill impairment followed the September 2026 cessation of operations.

Revenue $3.87B ▲ 2.1% Net loss $1.15B Diluted EPS -$4.90
Read from the MD&A section
4 source passages
Revenue increased by 2%, to $3,874 million for the three months ended September 30, 2026, from $3,794 million for the three months ended September 30, 2025. Net loss increased by $359 million, to $1,148 million for the three months ended September 30, 2026, from $789 million for the three months ended September 30, 2025, and net loss margin increased to 29.6% for the three months ended September 30, 2026 from 20.8% for the three months ended September 30, 2025, as a result of the factors above. Adjusted EBITDA decreased by $118 million, to $360 million for the three months ended September 30, 2026, from $478 million for the three months ended September 30, 2025. In 2026, goodwill impairment of $541 million relates to the Brazil business due to the previously disclosed challenging trading environment and cessation of operations in Brazil in September 2026, compared to $517 million of impairment of Junglee goodwill driven by the cessation of operations in India in August 2025. Open the document at this passage
Nov 4
Current report 8-K Events of Oct 30
Credit facility maturity extended to May 3, 2032

Flutter Entertainment plc amended its credit agreement, extending the term A facilities and revolving credit facility to May 3, 2032, increasing revolving commitments to $1.86 billion, and setting the net first lien leverage covenant at 5.70:1.00.

Entered into a material agreement, New debt or off-balance-sheet obligation
4 source passages
On October 30, 2026 Flutter Entertainment plc (the “Company”) and certain of its subsidiaries entered into a First Amendment and Restatement Agreement (the “First Amendment and Restatement Agreement”) to the Term Loan A, Term Loan B and Revolving Credit Facility Agreement dated as of November 24, 2023 (the “Credit Agreement”). extends the maturity date of the Group’s term A facilities and the revolving credit facility to May 3, 2032; increases the commitments under the revolving credit facility to $1.86 billion and redenominates the base currency of the revolving credit facility from Sterling to U.S. dollars; replaces the net total leverage financial covenant with a net first lien leverage financial covenant and the financial covenant level increased to 5.70:1.00. Open the document at this passage
Nov 4
Current report 8-K
Guidance cut after Brazil closure and unfavorable sports results

Flutter Entertainment plc reported $3,874m revenue, $1,148m net loss and $360m adjusted EBITDA for the quarter ended September 30, 2026. It cut 2026 guidance to $17.61bn revenue and $2.495bn adjusted EBITDA due to sports results and Brazil.

Financial results, Regulation FD disclosure Read from the first part of this long document
5 source passages
Flutter Entertainment plc (NYSE: FLUT) (“Flutter”), the world’s leading online sports betting and iGaming operator, today announces Q3 2026 results. Flutter is the industry leader with $16,383m of revenue globally for fiscal 2025, up 17% YoY, and $3,874m of revenue globally for the quarter ended September 30, 2026. The net loss of $1,148m for the quarter increased by $359m (Q3 2025 loss: $789m) primarily due to: Group adjusted EBITDA $360m (-25%) due to factors outlined above Group: Revenue of $17.61bn (+7% year-over-year) and adjusted EBITDA of $2.495bn, (-12% year-over-year) at the midpoint. Open the document at this passage
Oct 22
Current report 8-K
Regulation FD disclosure

Flutter Entertainment will release its third quarter 2026 update and host a management conference call with questions and answers on November 4, 2026.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$17.24B
Trailing 12 months
Net income (TTM)
−$1.23B
Trailing 12 months
Revenue growth YoY
+2.1%
Year over year
Operating margin
-5.8%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
8.8%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$10.61B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.0%
Year over year
Price change (1Y)
-59.6%
Trailing year
Short interest
9.8%
Latest settlement · 7.6 days to cover
View all 125 metrics

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −20%
below
Price vs 50-day avg −3%
below
RSI (14) 48
neutral
MACD trend Positive
52-week position 5%
near low
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return +7%
trailing
6-month return −14%
trailing
YTD return −62%
this year
Relative strength −14%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $84 › 200d $102 — 200d above 50d
Institutional flow Accumulating
348 of 418 funds reported for Sep 30 · net +250.0K sh shares · +35 new
Insider flow Distributing
Net -$2.1M over 90 days · 100% sells
Short interest Rising
9.77% of shares out · ▲ +7.7% MoM · 7.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
418 holders — mid 3-yr range
Squeeze score 72
high risk · 0–100
Fundamentals
Strong
Revenue growth +17%
Y/Y
Gross margin 45%
contracting
EPS growth −829%
Y/Y
Free cash flow $1.1B
Buyback $5.0B
authorized
Balance sheet $10.4B
net debt
Quant / Vol
risk profile
Very High
Volatility 48%
annualized · 1-yr
Max drawdown −67%
past year
ATR 5.4%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Aug 5, 2026
full-year 2026
Capital expenditure $815M
Group transaction restructuring and integration costs $500M
Depreciation and amortization $730M
by 2027
Phase one cost savings $300M
by 2029
Phase two gross savings $500M
Gross savings $500M
full-year
Adjusted EBITDA Non-GAAP $2.66B
Group revenue $17.91B
Depreciation and amortization $730M
Capital expenditure $815M
Group transaction restructuring and integration costs $500M
second half
U.S. operating cost savings $45M
Previous outlook earlier release · from the 8-K filed May 6, 2026

Still-open targets the latest release did not restate under the same label.

Investment costs · 2026 $35M
Cost efficiency program · 2027 $300M
Group adjusted EBITDA · 2026 $2.54B – $3.19B
US total adjusted EBITDA · 2026 $770M – $1.17B
International adjusted EBITDA · 2026 $2.08B – $2.33B
Structural revenue margin · 2027 15%
Structural revenue margin · long term 16%
Total cash returned to shareholders · over the coming years up to $5B
Total full year revenue · H2 56%
Total full year adjusted EBITDA · H2 77%
Full year revenue · H2 52%
Full year adjusted EBITDA · H2 53%
International revenue growth · 2026 12%
Guided vs delivered · last 1 settled
Group revenue 2025 outlook
guided $16.69B
$16.38B Miss −1.8%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
2 · 4 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−20% Bearish
Price vs 50-day avg
−3% Neutral
RSI (14)
48 Neutral
MACD trend
Positive Bullish
52-week position
5% Bearish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $84 › 200d $102 — 200d above 50d
Institutional flow Accumulating
348 of 418 funds reported for Sep 30 · net +250.0K sh shares · +35 new
Insider flow Distributing
Net -$2.1M over 90 days · 100% sells
Short interest Rising
9.77% of shares out · ▲ +7.7% MoM · 7.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
418 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $74 Now $81 · 5% Range high $224
vs 200-day avg -20% vs 50-day avg -3%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted earnings per share non-GAAP $0.49 Q2 2026 —
Adjusted EBITDA margin non-GAAP 7.1% Q2 2026 —
Adjusted EBITDA margin (International) non-GAAP 18% Q2 2026 —
Adjusted net income attributable to Flutter shareholders non-GAAP $85M Q2 2026 —
AMPs 3.8M Q2 2026 —
AMPs change 16% Q2 2026 —
Available cash $1.6B Q2 2026 —
Free cash flow non-GAAP $189M Q2 2026 —
GAAP → non-GAAP reconciliation
GAAP Net cash provided by operating activities 363M
-14M Purchases of property and equipment
-25M Purchases of intangible assets
-135M Capitalized software
= Free cash flow 189M
Free cash flow including financing capex and excluding player funds non-GAAP $125M Q2 2026 —
GAAP → non-GAAP reconciliation
GAAP Free cash flow 189M
-15M Purchases of intangible assets with extended payment terms
-18M Player deposits - investments
-31M Player deposit liability
= Free cash flow including financing capex and excluding player funds 125M
Group adjusted EBITDA non-GAAP $508M Q2 2026 —
GAAP → non-GAAP reconciliation
GAAP Net income -296M
-3M Income taxes
-7M Other (expense) income, net
+162M Interest expense, net
+399M Depreciation and amortization
+68M Share-based compensation expense
+10M Transaction fees and associated costs
+80M Restructuring and integration costs
+95M Legal loss contingencies
= Group Adjusted EBITDA 508M
Group Adjusted EBITDA Margin non-GAAP 11.7% Q2 2026 —
Handle growth 2% Q2 2026 —
iGaming AMPs 7.79M Three months ended June 30, 2026 filing —
iGaming AMPs growth 14% Q2 2026 —
International adjusted EBITDA non-GAAP $476M Q2 2026 —
International Adjusted EBITDA margin non-GAAP 18% the three months ended June 30, 2026 filing —
International AMPs - iGaming 6.75M the three months ended June 30, 2026 filing —
International AMPs - Other 197K the three months ended June 30, 2026 filing —
International AMPs - Sportsbook 6.25M the three months ended June 30, 2026 filing —
International Sportsbook net revenue margin 13.2% the three months ended June 30, 2026 filing —
International Stakes $9.02B the three months ended June 30, 2026 filing —
Net Debt non-GAAP $10.48B As of June 30, 2026 —
Other AMPs 795K Three months ended June 30, 2026 filing —
Promotional spend 5.4% Q2 2026 —
Reportable segment Adjusted EBITDA non-GAAP $595M the three months ended June 30, 2026 filing —
Shares repurchased 2.4M H1 2026 —
Sportsbook AMPs 9.15M Three months ended June 30, 2026 filing —
Sportsbook AMPs growth 8% Q2 2026 —
Sportsbook net revenue margin 13.2% Q2 2026 —
Structural revenue margin 14% Q2 2026 —
Total Group AMPs 14.29M Three months ended June 30, 2026 filing —
Total International AMPs 10.45M the three months ended June 30, 2026 filing —
Total U.S. AMPs 3.84M the three months ended June 30, 2026 filing —
U.S. Adjusted EBITDA margin non-GAAP 7.1% the three months ended June 30, 2026 filing —
U.S. AMPs - iGaming 1.04M the three months ended June 30, 2026 filing —
U.S. AMPs - Other 598K the three months ended June 30, 2026 filing —
U.S. AMPs - Sportsbook 2.91M the three months ended June 30, 2026 filing —
U.S. Sportsbook net revenue margin 8.7% the three months ended June 30, 2026 filing —
U.S. Stakes $11.96B the three months ended June 30, 2026 filing —
US adjusted EBITDA non-GAAP $119M Q2 2026 —
US iGaming GGR market share 27% Q2 2026 —
US sportsbook GGR market share 39% Q2 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Gambling — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
FLUT
Flutter Entertainment plc
this stock
$14.11B -62.3% +16.6% — 9.8%
GRKZF
Greek Organisation of Football Prognostics S.A.
$18.00B — — — 0.0%
DKNG
DraftKings Inc.
$16.84B -45.2% +27.0% — 4.8%
LOTMY
Lottomatica Group S.p.A.
$7.09B +16.5% — — 0.0%
CHDN
Churchill Downs Inc
$6.84B -12.4% +13.3% 15.2 7.9%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
403
% held
86.0%
Reported
348 of 418
Top holder
Parvus Asset Management J…
Held Float
View
Held by Funds
Fund positions
99
View
Short & Settlement
Short Interest Rising
Shares short
17.0M
Days to cover
7.6d
Change
+1.2M sh
View
Short Volume
Short vol %
57%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
1
Value
$78
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
47.1%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$2.1M
Buyers / Sellers
0 / 5
Buyers Sellers
View
Financials
Financials
EPS diluted
$-1.75
View
Buybacks
Authorized
$5.0B
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 4, 2026
This year
43

Flutter Entertainment reported revenue of $3,874 million for the three months ended September 30, 2026, up 2%, while net loss widened to $1,148 million and Adjusted EBITDA fell to $360 million. A $541 million Brazil goodwill impairment followed the September 2026 cessation of operations.

View
Proposed Sales
Value
$1.1M
Shares
13.1K
Filed
Nov 9, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 4, 2026
View

Performance

5D 20D 120D MTD YTD
FLUT -0.7% +7.3% -13.5% -1.8% -62.3%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -3.3% +8.5% -14.0% -1.6% -72.9%

Capital returns

Buyback program · as of Sep 25, 2024
Authorized
$5.00B
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1635327 CUSIP G3643J108 13F (30d) 306 filings 275 filers Visit website Investor relations