Earnings ·
Flutter Entertainment plc reported a net loss of $296 million for Q2 2026, compared to a $37 million profit in the…
FLUTFlutter Entertainment plc
Flutter Entertainment plc reported a net loss of $296 million for Q2 2026, compared to a $37 million profit in the prior year period. Revenue increased 3% year-over-year to $4,326 million, driven by M&A and strong iGaming growth, while adjusted EBITDA declined 45% to $508 million due to adverse US sports results, UK tax increases, and historical tax provisions totaling $95 million. The company announced that CEO Peter Jackson will transition out of his role on October 1, 2026, with Dan Taylor succeeding him as CEO. Flutter also initiated a second phase of cost transformation aimed at delivering $500 million in gross savings by 2029 and updated its full-year 2026 guidance, reducing Group revenue to a midpoint of $17.91 billion and adjusted EBITDA to $2.655 billion. Flutter Entertainment plc operates as the world’s leading online sports betting and iGaming operator.