Flutter Entertainment Slides as Q2 Profit Drops and 2026 Outlook Is Cut

Flutter Entertainment plc (FLUT) is down 10.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied mainly to a weaker-than-expected profitability picture in Flutter’s second-quarter update and a lower full-year 2026 outlook. Investors also seem focused on softer U.S. sportsbook trends, heavier near-term spending to support FanDuel, and the announcement that Peter Jackson will hand over the CEO role on October 1, 2026.

Details:

Flutter reported Q2 revenue of $4.33 billion, but adjusted EBITDA fell 45% year over year to $508 million and the company posted a net loss of $296 million.

In the U.S., revenue declined 6%, sportsbook revenue fell 15%, and U.S. adjusted EBITDA dropped 70% to $119 million, reflecting weaker sports outcomes, launch costs, and investment tied to prediction markets.

Flutter reduced its full-year 2026 midpoint guidance by about $395 million for revenue and by about $210 million for adjusted EBITDA, signaling more pressure on near-term earnings than investors had expected.

Management said it plans additional second-half investment to strengthen FanDuel’s customer proposition and accelerate sportsbook momentum, which may help long term but implies lower profitability in the near term.

Sources:

Flutter Entertainment, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FLUT Insider Trading Activity

$FLUT insiders have traded $FLUT stock on the open market 17 times in the past 6 months. Of those trades, 3 have been purchases and 14 have been sales.

Here’s a breakdown of recent trading of $FLUT stock by insiders over the last 6 months:

AMY HOWE (CEO & President - FanDuel) has made 0 purchases and 2 sales selling 8,895 shares for an estimated $942,098.
ROBERT COLDRAKE (Chief Financial Officer) sold 4,613 shares for an estimated $491,053
JEREMY PETER JACKSON (Chief Executive Officer) sold 4,326 shares for an estimated $467,208
DANIEL MARK TAYLOR (President FLUT; CEO FLUT Intl) has made 2 purchases buying 2,624 shares for an estimated $251,586 and 0 sales.
DON H LIU (Chief Legal Officer) sold 1,259 shares for an estimated $117,558
CAROLAN LENNON has made 1 purchase buying 520 shares for an estimated $47,995 and 1 sale selling 439 shares for an estimated $41,542.
JOHN A BRYANT sold 214 shares for an estimated $20,250
STEFAN ANDREAS BOMHARD sold 177 shares for an estimated $16,749
NANCY CRUICKSHANK sold 152 shares for an estimated $14,383
ROBERT R BENNETT sold 135 shares for an estimated $12,775
HOLLY K KOEPPEL sold 135 shares for an estimated $12,775
CHRISTINE M MCCARTHY sold 135 shares for an estimated $12,775
ALFRED F JR HURLEY sold 135 shares for an estimated $12,775
NANCY DUBUC sold 135 shares for an estimated $12,775

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FLUT Hedge Fund Activity

We have seen 218 institutional investors add shares of $FLUT stock to their portfolio, and 305 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

HSBC HOLDINGS PLC added 5,589,099 shares (+33988.7%) to their portfolio in Q1 2026, for an estimated $569,808,643
FMR LLC removed 4,602,683 shares (-81.4%) from their portfolio in Q1 2026, for an estimated $469,243,531
CAPITAL INTERNATIONAL INVESTORS removed 4,486,004 shares (-55.8%) from their portfolio in Q1 2026, for an estimated $457,348,107
CIBC WORLD MARKET INC. added 3,100,010 shares (+inf%) to their portfolio in Q1 2026, for an estimated $316,046,019
AKO CAPITAL LLP removed 2,622,399 shares (-84.3%) from their portfolio in Q1 2026, for an estimated $267,353,578
PARVUS ASSET MANAGEMENT JERSEY LTD added 2,619,855 shares (+29.1%) to their portfolio in Q1 2026, for an estimated $267,094,217
MORGAN STANLEY added 2,309,382 shares (+185.1%) to their portfolio in Q1 2026, for an estimated $235,441,494

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FLUT Analyst Ratings

Wall Street analysts have issued reports on $FLUT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Sell" rating on 04/16/2026
Macquarie issued a "Outperform" rating on 02/27/2026

To track analyst ratings and price targets for $FLUT, check out Quiver Quantitative's $FLUT forecast page.

$FLUT Price Targets

Multiple analysts have issued price targets for $FLUT recently. We have seen 17 analysts offer price targets for $FLUT in the last 6 months, with a median target of $145.0.

Here are some recent targets:

Brandt Montour from Barclays set a target price of $151.0 on 07/09/2026
Jordan Bender from Citizens set a target price of $159.0 on 07/08/2026
Nick McKay from Freedom Broker set a target price of $105.0 on 06/23/2026
Matthew McCartney from Wedbush set a target price of $138.0 on 06/16/2026
Trey Bowers from Wells Fargo set a target price of $168.0 on 06/12/2026
Bernie McTernan from Needham set a target price of $135.0 on 05/07/2026
Clark Lampen from BTIG set a target price of $126.0 on 05/07/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.