Flutter Entertainment

FLUT

Market cap $16.8B

NEW YORK and DUBLIN and TORONTO, May 29, 2026 (GLOBE NEWSWIRE) -- The Company announces that the following resolutions were put forward at its Annual General Meeting (“AGM”) held on May 29, 2026.

Flutter Entertainment faces headwinds from prediction markets and declining US sports betting revenues, yet I see opportunity amid the negative sentiment. The 2026 World Cup is a rare, massive customer acquisition event, with 62% of US soccer fans expected to bet and 29% likely to place first-time bets. FanDuel's dominant US sportsbook position gives FLUT scale advantages to capture new users during high-profile sporting events.

Flutter's Q1 revenue increased 17% year-over-year to $4.3 billion, supported by strong iGaming growth (+28%) and acquisitions. International EBITDA reached $587 million, helping offset weaker U.S. performance and providing diversification benefits. Management expects margin improvement through product integration, loyalty initiatives, cost efficiencies, and a unified FanDuel platform. The 2026 FIFA World Cup, NFL season, and broader iGaming expansion could act as meaningful catalysts for growth and sentiment recovery.

The legal sports betting market is under attack from prediction markets like Kalshi and PolyMarket, which offer traders contracts on everything from pro sports games to election outcomes to temperature highs in specific cities.

"Coaches Corner" Brings Together Gregg Berhalter, Bruce Arena and Bob Bradley, Three US Men's Soccer Head Coaches Who Shaped American Soccer, for a 10-Episode Series Premiering June 1 NEW YORK, May 27, 2026 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced Coaches Corner, a 10-episode original series premiering June 1 that unites the three head coaches of the United States Men's Soccer for the first time. Gregg Berhalter, Bruce Arena and Bob Bradley join veteran broadcaster Rob Stone for unfiltered match analysis, tactical breakdowns and insider storytelling throughout the upcoming World Cup.

States and the federal government are locked in a battle over who has the right to regulate prediction markets. But prediction market players are continuing to invest in their businesses despite the legal uncertainty, based on comments made by management during company earnings calls.

Flutter Entertainment is the parent of sports betting specialist FanDuel. The company is trading at a dirt cheap forward P/E ratio.

Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) could face pressure to meet market expectations in the second half of 2026, according to analysts at Citi, who warned consensus forecasts for the group's US business may still be too optimistic despite recent downgrades. First-quarter results and updated guidance earlier this month from the owner of FanDuel had already triggered sharp cuts to analyst forecasts for US adjusted EBITDA, with consensus estimates for 2026 and 2027 falling 11% and 10%, respectively.

Flutter Entertainment plc (FLUT) Discusses FanDuel Performance Challenges and Strategic Organizational Changes Transcript

Flutter Entertainment NYSE: FLUT reported 17% revenue growth in the first quarter of 2026 and said it is seeing early signs of improvement in its U.S. sportsbook business, while announcing changes to the leadership structure at FanDuel.