Hours after announcing the May 6 firing of FanDuel CEO Amy Howe, parent company Flutter Entertainment released its first-quarter earnings. They were mostly declines compared to the first quarter of 2025, and full-year 2026 guidance was curbed.
One bright spot was revenue, up 17 percent to $4.3 billion. United States revenue reached over $1.7 billion, driven by a 19 percent spike in igaming win and a one percent improvement in sports betting results.
However, profit shrank by 38 percent, falling to $209 million. Monthly average players declined by three percent to 14.4 million.
Although Flutter exceeded first-quarter guidance by $90 million, it cut back on projections for the remainder of 2026. Full-year revenue was trimmed from $18.4 billion to $18.3 billion.
