Flutter Q2 2026 Results Amid CEO Resignation

Flutter Reports Mixed Q2 Results as CEO Peter Jackson Announces Resignation and Guidance is Lowered

by Dimitri Dimitrov Published on August 5, 2026

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Key Takeaways

⏱ 2 min read

Earnings and Revenue — Adjusted earnings came in at 49 cents a share on revenue of $4.33 billion. While the revenue beat FactSet consensus estimates of $4.24 billion, the earnings missed Wall Street expectations of 54 cents

Revised Outlook — Full-year revenue guidance was set at a midpoint of $17.91 billion, falling well short of Wall Street expectations of $18.21 billion

U.S. Headwinds — As the parent company of FanDuel, Flutter experienced a plateauing stateside market where U.S. handle grew by 2% year-over-year in the second quarter

International Growth — International revenues rose 10% year-over-year to $2.64 billion, fueled by a 64% increase in Brazil despite regulatory hurdles such as a new government self-exclusion register

Longtime Leader to Step Down as International CEO Dan Taylor Prepares to Take Over; Q2 Highlights Record World Cup Engagement and Upgraded Sportsbook Investments

Flutter Entertainment announced the resignation of longtime CEO Peter Jackson alongside its Q2 2026 earnings report on Wednesday. Jackson concludes a nine-year tenure that transformed the company from a $2 billion U.K.-focused business into a $16 billion international betting titan. However, shares of the world’s largest betting firm and FanDuel parent company dropped following mixed earnings, revenue figures, and a significant reduction in full-year guidance.

Financial Performance and Q2 Highlights

For the second quarter, Flutter posted revenue of $4.33 billion, representing a 3% increase year-over-year that topped FactSet consensus estimates of $4.24 billion. Adjusted earnings came in at 49 cents per share, missing Wall Street expectations of 54 cents. Profitability across the group faced heavy pressure, with adjusted EBITDA falling 45% year-over-year to $508 million, impacted by weaker U.S. sportsbook economics, higher U.K. gaming taxes, and historical tax charges.

Despite the compressed margins and a net loss of $296 million for the quarter, operations benefited from several key drivers:

Record engagement during the FIFA World Cup brought in approximately 10.5 million customers and generated $3 billion in stakes across the tournament.
Solid progress against FanDuel’s sportsbook improvement plan provided leadership with the confidence to proactively increase investment heading into the second half of the year.
International revenues rose 10% year-over-year to $2.64 billion, supported by acquisitions and strong growth in regions such as Southeast Asia (SEA) and Central and Eastern Europe (CEE).
The prediction markets offering was successfully expanded through Crypto.com, relocating sports and novelty contracts while continuing financial market access through CME Group.

Due to the increased investments and headwinds, Flutter adjusted its full-year revenue guidance to a midpoint of $17.91 billion and lowered its full-year adjusted EBITDA outlook to $2.655 billion.

Leadership Transition and Executive Succession

Dan Taylor, currently serving as the CEO of Flutter’s international business, will step in as group CEO effective October 1, 2026, joining the company’s Board of Directors. Peter Jackson will remain with the company as an adviser through the end of the year to ensure a seamless transition. Reflecting on his departure in his final letter to shareholders, Jackson noted that he frequently made choices carrying short-term costs to strengthen the business and its long-term competitive position.