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Flutter Entertainment reports Q2 2026 revenue growth but posts $296m net loss amid CEO transition.

Company Fundamentals
05 Aug 2026
GlobeNewsWire
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Bearish
Flutter Entertainment reports Q2 2026 revenue growth but posts $296m net loss amid CEO transition.

Flutter Entertainment posted a 3% revenue increase to $4.33 billion in Q2 2026, driven by strong iGaming growth and FIFA World Cup engagement, despite an 11% drop in average monthly players. The company reported a net loss of $296 million, impacted by historical tax provisions, increased costs from acquisitions, and lower US sportsbook earnings. CEO Peter Jackson announced his transition to Dan Taylor as CEO starting October 1, 2026. Flutter plans to invest more in US sportsbook growth and cost-saving initiatives aiming for $500 million savings by 2029, while maintaining its market-leading positions globally.

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Tokenized stock trading hits $3B weekly, led by Robinhood Chain, BNB, and Solana networks.

Tokenized stock trading hits $3B weekly, led by Robinhood Chain, BNB, and Solana networks.

Tokenized equity trading volume reached nearly $3 billion weekly in August, driven mainly by Robinhood Chain, BNB Chain, and Solana. Despite this growth, only about 5% of tokenized stocks are used in onchain financial applications, with total value l...

Market News
Bullish
4 hours ago
Ethereum introduces EIP-8141 with frame transactions to enhance scalability and native account abstraction.

Ethereum introduces EIP-8141 with frame transactions to enhance scalability and native account abstraction.

Ethereum is set to upgrade its network with EIP-8141, introducing 'frame transactions' that split one transaction into up to 64 programmable frames. This new transaction type enables native account abstraction, gas sponsorship, and atomic batching, a...

Protocol Fundamentals
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4 hours ago
30 institutions hold $75M in Hyperliquid ETFs, led by Brazil's Wealth High Governance Asset Management.

30 institutions hold $75M in Hyperliquid ETFs, led by Brazil's Wealth High Governance Asset Management.

As of June 30, 2026, thirty institutional investors collectively held about $74.9 million in Hyperliquid ETF products, with Brazil's Wealth High Governance Asset Management leading at nearly $24 million in the 21Shares' THYP fund. These ETFs track th...

Market News
Bullish
4 hours ago
Useless Coin surges 300% in a week but faces possible pullback after intense buying.

Useless Coin surges 300% in a week but faces possible pullback after intense buying.

Useless Coin (USELESS) hit a 10-month high of $0.286 after rallying 300% in a week, driven by strong buying and new holders. Despite intense buying pressure and positive momentum indicators, the rally may be overextended, suggesting a potential pullb...

Technical Signals
Neutral
4 hours ago
Seattle Times and Newsday sue OpenAI and Microsoft over AI training on journalism content

Seattle Times and Newsday sue OpenAI and Microsoft over AI training on journalism content

The Seattle Times and Newsday have filed lawsuits against OpenAI and Microsoft, accusing them of using their journalism content without permission to train AI models. The lawsuits warn that generative AI could severely damage the journalism industry ...

Market News
Bearish
5 hours ago
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