Flutter Entertainment reported a 2% increase in Q3 revenue, but its adjusted EBITDA fell 25%, impacted by increased promotional spending in the US and higher investment costs. FanDuel's sportsbook handle grew 13%, with monthly players up 12%, indicating that promotional efforts are gaining traction. International EBITDA declined 14%, though gains in the Italian market and planned cost savings could lead to a recovery by 2027. Despite lowering the 2026 EBITDA forecast, the company maintains a strong Buy rating based on FanDuel's customer momentum and long-term earnings potential.
Flutter Entertainment's recent performance is context for readers following Consumer Cyclical stocks. Of 134 priced Consumer Cyclical-sector US stocks tradable on Pluang, 40 rose and 90 fell today. Notable movers include Rush Street Interactive Inc at USD 12.39 with a 3.51% gain and Under Armour Inc Class A at USD 4.99 with a 3.39% loss. Data is as of Nov 11, 2026 22:01 WIB.
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