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Flutter Entertainment stock falls 13% after earnings miss and CEO departure, Citigroup downgrades to Neutral.

Market News
06 Aug 2026
Rayan Ahmad
View Source
Bearish
pluang ai news

Flutter Entertainment's stock dropped 13% following a significant earnings miss and the announcement of CEO Peter Jackson's departure. The company reported Q2 earnings of $0.49 per share, well below the expected $0.60, and cut its full-year U.S. profit guidance by 22% to $760 million. FanDuel, its key U.S. brand, is losing market share, prompting plans for heavy investment to regain competitiveness. Citigroup downgraded the stock from Outperform to Neutral amid these challenges, reflecting increased investor caution.

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