- FLUT
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Flutter cut its <a href="https://comicvibe.com/nintendo-maintenance-schedule-november-8-2026/” title=”Nintendo maintenance schedule – November 8, 2026″>2026 outlook to midpoint estimates of $17.61 billion in revenue and $2.495 billion in adjusted EBITDA, citing unfavorable sports results and the closure of its Brazil operations. Q3 revenue rose 2%, but adjusted EBITDA fell 25%, and an $873 million Brazil impairment contributed to a reported net loss.
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Debt reduction now takes priority over buybacks: Flutter paused share repurchases as leverage reached 4.6 times, above its 2-to-2.5-times medium-term target. The company also plans to deliver an additional $500 million in gross operating cost and capital expenditure savings by 2029.
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Flutter is maintaining investment in FanDuel and prediction markets, with promotions expected to stay elevated into 2027; FanDuel Predicts’ trading volumes nearly tripled from July to October. Meanwhile, management expects 2027 international adjusted EBITDA growth toward the high end of its 5%–10% range.
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Flutter Entertainment (NYSE:FLUT) lowered its 2026 financial outlook and paused share repurchases after unfavorable sports results, investment spending and a write-down tied to Brazil weighed on third-quarter performance.
The company now expects full-year revenue of $17.61 billion and adjusted EBITDA of $2.495 billion at the midpoints of its guidance ranges, CFO Rob Coldrake said on the earnings call. The revised outlook reflects unfavorable sports results in the third and fourth quarters and the closure of the company’s Brazil operations, partly offset by cost measures.
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Third-quarter group revenue rose 2%, while adjusted EBITDA fell 25%. Coldrake attributed the earnings decline to investment in Alberta and prediction markets, as well as higher U.K. gaming taxes. Flutter also recorded an $873 million non-cash impairment related to Brazil, which, along with an increase in legal loss contingencies, contributed to a reported net loss.
“While reported EBITDA was down, this reflects deliberate investment and specific external factors rather than a deterioration in the underlying trajectory of the business,” Coldrake said.
Debt Reduction Takes Priority
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