Browsing: Flutter

Flutter Entertainment (NYSE:FLUT) has come under fresh scrutiny after disclosing third quarter impairment charges of US$873 million tied to Brazil, alongside a cut to its 2026 revenue guidance and wider reported losses.

Flutter cut its 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.

Group Revenue: Grew 2% in Q3 2026, with U.S. sportsbook performance ahead of expectations and international share gains partly offset by adverse sports results.

Flutter Entertainment (NYSE:FLUT) put fresh numbers on the table with its third quarter 2026 update, pairing higher reported sales with a wider net loss and a sizeable impairment tied to its Brazil operations.

Flutter Entertainment is under fresh scrutiny after analysts cut their central fair value estimate from US$132.56 to US$126.15. That shift comes alongside research that highlights lower price targets in general, as analysts weigh guidance cuts, competition and the outlook for prediction markets against ongoing support for FanDuel and engagement driven growth plans. In the sections…

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Global online betting company Flutter Entertainment (NASDAQ:FLUT) fell short of the market’s revenue expectations in Q3 2026 as revenue rose 2.1% year on year to $3.87 billion. Its non-GAAP loss of $0.18 per share was significantly below analysts’ consensus estimates.

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Flutter Entertainment (NYSE:FLUT) is back in focus after Betfair shut its Brazilian operations due to a betting ban and the group outlined up to 1,400 job cuts in the UK and Ireland.

Flutter Entertainment (NYSE:FLUT) has halted sports betting and iGaming in Brazil after nationwide restrictions on online gaming, a move tied to a new Pomerantz LLP investigation into potential securities law violations.