Browsing: Earnings

Flutter lowered its full-year outlook after Q2 adjusted EBITDA fell 45% and the company posted a $296 million net loss, citing higher U.K. gaming taxes, one-time tax costs, customer-friendly U.S. sports results and planned investment. Revenue guidance was reduced by $395 million to $17.91 billion, while adjusted EBITDA guidance fell by $210 million to $2.655…

Roblox Corporation (RBLX) delivered a disappointing earnings report this week, triggering a sharp sell-off as investors questioned the company’s ability to reignite its once-rapid growth. One of the biggest beneficiaries of the pandemic-era gaming boom, this platform is now facing mounting skepticism over whether it can sustain growth in a more challenging environment.