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Flutter Entertainment reports Q3 2026 revenue growth but posts $1.15bn loss due to Brazil impairment and legal costs

Company Fundamentals
04 Nov 2026, 14:00 WIB
GlobeNewsWire
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Bearish
Flutter Entertainment reports Q3 2026 revenue growth but posts $1.15bn loss due to Brazil impairment and legal costs

Flutter Entertainment's Q3 2026 revenue rose 2% to $3.87 billion, driven by US sportsbook and international markets despite a 3% drop in average monthly players. The company reported a net loss of $1.15 billion, mainly due to a $873 million non-cash impairment charge related to Brazil's provisional ban on sports betting and iGaming, and increased legal contingencies. Adjusted EBITDA fell 25% to $360 million, reflecting higher costs and tax impacts, while the company paused its share repurchase program to focus on deleveraging and organic investment. CEO Dan Taylor emphasized priorities on US market leadership, prediction markets, international growth, and operational simplification, with updated 2026 guidance reflecting adverse sports results and Brazil's market closure.

Flutter Entertainment's Q3 2026 earnings release provides context for readers following consumer cyclical stocks. As of Nov 04, 2026 19:02 WIB, among 134 priced Consumer Cyclical-sector US stocks tradable on Pluang, 99 rose and 25 fell today. Notable movers include TSLA at USD 378.66 with a 1-day change of -4.98% and Pluang order activity of 69% Sell / 31% Buy, Wayfair Inc (W) at USD 106.00 with a 1-day change of -4.80% and 100% Sell orders, and Ermenegildo Zegna N.V. (ZGN) at USD 13.33 with a 1-day change of -4.17%.

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