Flutter Entertainment’s second quarter results were met with a significant negative market reaction, reflecting investor concerns about profitability despite solid revenue growth. Management pointed to deliberate investments in the U.S. business—especially increased customer promotions and the rollout of an expanded loyalty program—as factors that weighed on near-term earnings. CEO Peter Jackson acknowledged, “We recognize that this weighs on near-term earnings, but we're convinced it's the righ

Net loss of $296M reflects U.K. tax headwinds and strategic U.S. investments.

Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT)’s price target was lowered to $180 from $210 by Jefferies, which cut its earnings estimates following the company’s decision to increase promotional spending in the US during the second half of 2026. Jefferies cut its Group EBITDA estimates by...

Flutter Entertainment (NYSE:FLUT) reported second-quarter revenue growth of 3% as strong customer engagement around the FIFA World Cup and acquisitions helped offset customer-friendly U.S. sports results and higher taxes in the United Kingdom. The company also announced that Chief Executive Officer

Today, Aug. 7, 2026, the sportsbook platform reported record $13.1 billion in combined volume despite customer-friendly outcomes pressuring margins.

Flutter Entertainment’s recent update showed second-quarter 2026 revenue rising to US$4.33 billion while swinging to a net loss and cutting full-year 2026 group revenue guidance to about US$17.67 billion at the midpoint from a previously expected US$18.31 billion midpoint. The company also confirmed it has delisted from the London Stock Exchange to trade solely on the New York Stock Exchange and announced a planned CEO handover from Peter Jackson to long-time internal leader Dan Taylor on...

Citi has upgraded Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) to 'neutral' following the gambling group's second-quarter results, arguing that a 13% share price fall since April has reset expectations. The US bank trimmed its target price on the FanDuel and Paddy Power owner to $93, from...

CFO Alan Ellingson said the core business remains on track to generate about $1 billion in adjusted core profit this year, giving the company flexibility to invest in Predictions.

Flutter Entertainment (NYSE: FLUT), parent of FanDuel, is having a rough year. The stock is down 57% year to date. The latest quarterly results didn’t help. The company missed on EPS, cut guidance and announced a CEO change. Shares fell 11% on the print. But Michael Burry sees a buying opportunity. In a recent Substack […]

The Big Short investor revealed a new short position on Oracle after winding down an earlier position this week.

Moby summary of Flutter Entertainment plc's Q2 2026 earnings call

FLUT stock clocked its worst day since February 27 after its Q2 report.

↘️ Space Exploration Technologies (SPCX): Elon Musk’s space company said its capital expenditures hit $18.4 billion in its most recent quarter. Shares fell about 14%. ↘️ Advanced Micro Devices (AMD): The chip maker's stock dropped 7% following Musk's comments that SpaceX would no longer buy AMD chips.

Flutter Stock Tumbles as CEO Exit Deepens Guidance Shock

The headline numbers for Flutter (FLUT) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Global online betting powerhouse Flutter Entertainment (NASDAQ:FLUT) announced better-than-expected revenue in Q2 CY2026, with sales up 3.3% year on year to $4.33 billion. Its non-GAAP profit of $0.49 per share was 11.7% below analysts’ consensus estimates.

Flutter (FLUT) delivered earnings and revenue surprises of -15.52% and +2.77%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Flutter Entertainment said Chief Executive Peter Jackson is stepping down, while lowering its profit outlook and swinging to a loss as its U.S. business continues to struggle.

Light & Wonder (LNWO) delivered earnings and revenue surprises of +13.71% and -2.18%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Flutter Entertainment, the world’s biggest betting company, will have many questions to answer regarding its prediction market investments, international growth, and plans for the coming NFL season when it reports second-quarter results before the market open Wednesday. Flutter has seen its shares drop 52% since the beginning of the year as growth dries up in the U.S. market, and the company navigates the complexities of prediction markets, which present both threats and opportunities. Wall Street predicts full-year revenue guidance to come in at $18.21 billion—a slight decline from the $18.31 billion guidance Flutter provided last quarter.

Flutter Entertainment (NYSE:FLUT) heads into its August 5 earnings report with analysts expecting a year over year decline in earnings and limited odds of an upside surprise, which is shaping current investor positioning. See our latest analysis for Flutter Entertainment. The recent 1-day share price decline of 5.24% and year-to-date share price return down 53.21% indicate that momentum has been weak for Flutter Entertainment, while the 1-year total shareholder return down 66.21% highlights...

Burry is betting market leadership may soon change

One of Britain's biggest high street bookmakers is to axe hundreds of jobs as it prepares to close more than 130 shops amid a deepening tax raid on the industry. Sky News has learnt that Betfred, which is owned by co-founder Fred Done, informed employees on Friday morning that it had drawn up plans to permanently shut 132 betting shops - just over 10% of its total estate. The closures will result in the loss of about 600 jobs, with a consultation period involving affected workers now under way.

PENN vs. FLUT: Which Stock Is the Better Value Option?

PENN Entertainment (PENN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Flutter (FLUT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) is at a potential inflection point as concerns around prediction market competition begin to fade, according to Jefferies analysts, who highlighted improving online sports betting trends and potential new sources of profitability. Jefferies...

Michael Burry Turns More Bearish on AI Stocks, Keeps Tesla Short Alive

Candle Lake now has four weeks to either submit a bid for the remaining shares or reduce its holding in the gaming group.

Candle Lake now has four weeks to either submit a bid for the remaining shares or reduce its holding.

Consumer discretionary businesses are levered to the highs and lows of economic cycles. Over the past six months, it seems like demand trends may be working against them as the industry’s returns were flat while the S&P 500 was up 7.9%.

BLSH, OSK and FLUT have been added to the Zacks Rank #5 (Strong Sell) List on July 24, 2026.

Kalshi, the fast-growing prediction market platform, is booming as its user base continues to expand and its recently launched perpetual futures product gains traction. Kalshi Added Three Million Users During World Cup Tournament The company has added three million new...

(Bloomberg) -- Prediction-market trading has surged during a blowout World Cup, far outpacing the growth at traditional sportsbooks and driving home the competitive threat that companies like Kalshi now pose to the sports-gambling industry. Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms Pulls Mexican Lettuce as P

The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how consumer discretionary - casino operator stocks fared in Q1, starting with Flutter Entertainment (NYSE:FLUT).

Flutter Entertainment stock is coming off a steep share price decline over the past year while valuation checks still lean cheap, and that contrast is now front and center for investors watching renewed interest following high profile buying from Michael Burry. Over the last 12 months, Flutter Entertainment shares have fallen 63%, which puts the focus squarely on whether the current price already reflects the recent pain. Michael Burry’s long position and the wider debate around how tighter...

In recent days, UK gambling bosses, including Flutter Entertainment via the Betting and Gaming Council, have been weighing legal action against the Gambling Commission’s plan to introduce affordability checks for online customers spending over £1,000 within 24 hours, arguing the rules rely on weak evidence and could push bettors toward less regulated operators. At the same time, investor Michael Burry’s interest in Flutter, partly based on expectations that prediction markets may face...

Flutter Entertainment (NYSE:FLUT) is back in focus after two separate regulatory storylines put sports betting on investors’ radar, including a potential UK legal challenge to new affordability checks and fresh interest from investor Michael Burry. See our latest analysis for Flutter Entertainment. After a difficult stretch in which the year to date share price return is down 48.5% and the 1 year total shareholder return declined 61.91%, Flutter Entertainment has recently shown improving...

MGM Resorts climbed Monday, trading as high as 48.25 amid reported negotiations with Barry Diller's People Inc.

Michael Burry built his reputation betting against the crowd at exactly the right moment, and his latest wager targets a beaten-down sector most investors have already written off. The question is whether his contrarian logic holds up where others have already lost their shirts.

Gambling bosses are considering legal action against the industry regulator over its plan to impose affordability checks on high-spending customers.

Michael Burry bought DraftKings and Flutter shares, betting regulation will curb prediction markets like Kalshi, as Wall Street analysts also see both sportsbook stocks as undervalued.