FanDuel parent Flutter reports disappointing fourth-quarter earnings

NoodlesOrTokens · 2026-02-26T22:27:44+00:00

Flutter Entertainment's fourth-quarter earnings fell short of Wall Street expectations, with revenue at $4.74 billion and adjusted EPS at $1.74. CEO Peter Jackson noted challenges from bettors losing more frequently, impacting app usage. Despite a year-over-year revenue increase of 25%, 2026 revenue guidance was below analyst forecasts.

NoodlesOrTokens

2026-02-26 22:27:44

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Flutter CEO Peter Jackson optimistic despite ‘bumpy year’

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FanDuel parent Flutter Entertainment announced fourth-quarter earnings Thursday that missed Wall Street expectations on nearly every metric.

FanDuel’s performance in the final quarter of 2025 was affected by bettors losing more often than usual. When that happens, gamblers get discouraged, bet less and stop using the app as frequently, Flutter CEO Peter Jackson told CNBC in an interview.

“It’s fair to say, not everything went our way in the fourth quarter,” Jackson said.

Shares of Flutter fell almost 7% in extended trading Thursday.

Here’s what the company reported for the fourth quarter, compared with Wall Street consensus:

Revenue: $4.74 billion vs. $4.97 billion, according to LSEG
Adjusted EPS: $1.74 vs. $1.95, according to LSEG

For the fourth quarter, Flutter reported adjusted earnings before interest, taxes, depreciation and amortization of $832 million, below the $893 million that Wall Street was expecting, according to StreetAccount.

Its fourth-quarter revenue marked a year-over-year increase of 25%. And yet, Flutter’s 2026 revenue guidance of $17.75 billion to $19.05 billion was lower than analysts’ projection of $19.34 billion for the year.

On the company’s earnings call, Jackson told investors that prediction markets would likely spur more legalization of sports betting by the states. He also said the company has found no evidence that prediction markets are cannibalizing the sportsbook business.

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