FanDuel CEO Amy Howe has been removed from her position after serving with the operator for over five years, with current President Christian Genetski set to take over leadership following the decision.
Howe, a three-time winner of the Global Gaming Awards Americas Executive of the Year category, originally joined FanDuel in February 2021 after serving as President and CEO of Ticketmaster.
While no reasoning for her removal has been provided by FanDuel or its parent company Flutter Entertainment at the time of writing, Flutter’s stock had fallen nearly 60% over the past full-year period, as well as approximately 2.5% on May 6.
As part of its Q4 and FY2025 report on March 5, Flutter CEO Peter Jackson believed the operator failed to “operate its generosity playbook” and “execute our digital strategy well” during the quarter.
“Even more important in the US markets, volatility gets amplified, and we have to do a better job at reacting on a per customer basis,” Jackson said.
“I don’t believe there’s anything we point to and think we’ve fallen behind, but we are behind the sector to some extent with player loyalty, so that would be one area where we’re catching up.”
Flutter managed to increase revenue and adjusted EBITDA for FY2025, but witnessed a net income decrease of 351% for a loss of $407m. The operator reported a $10m net income for Q4 2025, equating to a 94% decrease year-over-year.
However, FanDuel revenue during the quarterly period increased 33% to $2.1bn, while the vertical’s adjusted EBITDA rose 90% to $310m. For FY2025, FanDuel’s adjusted EBITDA increased 82% to $922m, while revenue grew 20% to $7bn.
Howe had also taken a leading role in FanDuel’s responsible gaming efforts, such as refusing to display advertisements in college stadiums or collaborate with collegiate athletes.
In a late update, Howe will receive a $4.37m severance payment as part of her removal from the CEO position, over four times what her base salary had been with FanDuel. The payment represents two years of annual salary and a targeted annual bonus.
FanDuel named sports broadcaster Erin Andrews as its latest Responsible Gaming Ambassador on April 30, joining fellow Ambassadors such as Craig Carton, Randy Livingston and Anita Ondine Smith
