Flutter Entertainment has released its latest financial results, with a marginal revenue rise being offset by less favorable results elsewhere.
Indeed, these financials represent the first to be released under the oversight of new CEO Dan Taylor and make for mixed reading. It has been a busy period for the company, which has faced difficult decisions over the past few months.
Flutter's Q3 at a glance...
Over the course of the third quarter, Flutter reportedly generated a revenue figure of $3.87bn, a 2% rise in comparison to results from the third quarter of 2025. However, this marginal upturn has been somewhat juxtaposed by more troubling figures elsewhere, perhaps the most notable of which was a 46% increase in net loss, which reached $1.15bn during Q3.
Adjusted EBITDA also dropped 25% year-over-year to $360m, with average monthly players subject to a 3% decline in comparison with results from the same period of the prior year.
The three months between July and September 2026 came equipped with significant news from the operator, with Peter Jackson's resignation being perhaps the pick of the bunch. In comparison to results from the second quarter of 2026, Flutter's Q3 revenue is down 11.3%.
Turbulent times for the operator
In the wake of these financial results – alongside additional external factors – Flutter has confirmed the lowering of its previous full-year financial guidance, as the operator has now stated an expected revenue of around $17.61bn, down $300m from previous indications. Adjusted EBITDA expectations have also been lowered by $160m to $2.49bn.
Flutter quarterly results comparison ($m)
The tide has certainly not been turning in Flutter's favor as of late, with the aforementioned external factors including a comprehensive online betting ban in Brazil – a market which Flutter undertook a $360m M&A in order to enter. The operator has now pulled its Betfair brand from the market.
Elsewhere, news last month of 1,400 potential layoffs across Europe as part of a UK & Ireland restructuring plan piled more pressure onto the company, with its share prices having actually reacted positively to the UK's MGD tax rise.
Nevertheless, the operator has said that early Q4 trading indicators are positive, its prediction market capabilities have improved "substantially," and US sportsbook execution is driving an improved market share trajectory.
CEO's comments
Reflecting on the company's quarterly results as CEO for the first time, Taylor stated: "It is a privilege to take on the role of Flutter CEO. I know this business and the industry well, and I have a clear view of our strengths, where we need to improve, and where the biggest opportunities lie.
"Online betting and gaming is still a relatively young industry, with significant room to grow as markets develop and customer behavior evolves. Flutter enters its next phase from a position of strength. We have leading businesses in many of the world’s most attractive markets, great brands and scale advantages that few others can match. Our job now is to make more of those advantages.
"Our Q3 performance gives me confidence that we are moving in the right direction. In the US, our sportsbook improvement plan is delivering early but tangible progress in customer engagement and performance. Our International business continues to benefit from strong underlying momentum and the impact of our cost transformation programs.
"Looking ahead, our priorities are clear: build on our US leadership, capture the prediction markets opportunity, unlock more value from our International portfolio and simplify the way we operate. Delivering against those priorities will require faster execution, tough decisions and disciplined investment. I am confident our actions will make Flutter a stronger business in the long-term."
As of the time of writing, Flutter's share price has dropped 3.92% since yesterday
