economy
February 26, 2026
FanDuel parent Flutter reports disappointing fourth-quarter earnings
Flutter's 2026 revenue guidance of $17.75 billion to $19.05 billion was lower than analysts' projection.
TL;DR
- Flutter Entertainment announced fourth-quarter earnings that missed Wall Street expectations.
- Bettors winning more often than usual negatively impacted FanDuel's performance.
- This led to decreased betting activity and reduced app usage.
- Flutter's shares fell nearly 7% in extended trading.
- The company reported revenue of $4.74 billion, below the expected $4.97 billion.
- Adjusted EPS was $1.74, lower than the consensus of $1.95.
- Adjusted EBITDA was $832 million, missing the expected $893 million.
- Despite a 25% year-over-year revenue increase, Flutter's 2026 revenue guidance was below analysts' projections.
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