Q1 26 EPS
$1.22
BEAT +12.34%
Est. $1.09
Q1 26 Revenue
$4.30B
BEAT +1.46%
Est. $4.24B
vs S&P Since Q1 26
-15.0%
TRAILING MARKET
FLUT -9.3% vs S&P +5.7%
Market Reaction
Did FLUT Beat Earnings? Q1 2026 Results
Flutter Entertainment posted a stronger-than-expected first quarter for 2026, with earnings per share of $1.22 beating the $1.09 consensus estimate by 12.34% and revenue of $4.30 billion edging past the $4.24 billion forecast while climbing 17.4% yea… Read more Flutter Entertainment posted a stronger-than-expected first quarter for 2026, with earnings per share of $1.22 beating the $1.09 consensus estimate by 12.34% and revenue of $4.30 billion edging past the $4.24 billion forecast while climbing 17.4% year-over-year. The headline growth was powered by M&A contributions from the Snai and Betnacional acquisitions alongside 28% iGaming expansion, though net income fell 38% to $209.00 million as higher interest expense and acquisition-related depreciation weighed heavily on the bottom line. In the US, FanDuel's sportsbook struggled with lingering customer churn from Q4, holding segment revenue to 6% growth and dragging US adjusted EBITDA down 26% to $119.00 million. Looking ahead, Flutter trimmed its full-year 2026 guidance, now targeting Group revenue of $18.31 billion and adjusted EBITDA of $2.87 billion at the midpoints, reflecting those sports result headwinds and Arkansas launch costs. At least one Wall Street firm moved to the sidelines ahead of the print, cutting its price target to $127 on valuation concerns, a note of caution the company will need to address as leverage sits at 3.7x heading into a seasonally softer first half.
Key Takeaways
- • Snai and Betnacional acquisitions driving International revenue growth
- • Positive year-over-year swing in sports results
- • Strong iGaming growth of 28% driven by direct casino engagement in US and market-leading performance in Italy
- • US sportsbook improvement plan showing encouraging signs with AMP trends recovering from -5% in January to +1% in March
- • Southern Europe and Africa organic revenue growth of 23% driven by Italy market leadership
- • FanDuel maintained #1 US sportsbook (39% GGR share) and iGaming (27% GGR share) positions
FLUT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
FLUT Revenue by Segment
With YoY comparisons, source: SEC Filings
FLUT Revenue by Geography
With YoY comparisons, source: SEC Filings
“Flutter's Q1 performance was encouraging, with Group revenue increasing 17% year-on-year. This reflected positive signs from our US sportsbook improvement plan, where performance was ahead of our expectations in March. Group performance also benefited from our local hero acquisitions in Italy and Brazil, and excellent underlying SEA growth.”
— Peter Jackson, Q1 2026 Earnings Press Release
FLUT Earnings Trends
FLUT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FLUT EPS Trend
Earnings per share: estimate vs actual
FLUT Revenue Trend
Quarterly revenue: estimate vs actual
FLUT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $0.55 | $0.49 | -11.65% | $4.33B | +2.11% |
| Q1 26 BEAT | $1.09 | $1.22 | +12.34% | $4.30B | +1.46% |
| Q4 25 BEAT FY | $1.61 | $1.74 | +8.09% | $4.74B | -2.63% |
| FY Full Year | $7.68 | $7.94 | +3.43% | $16.38B | -1.49% |
| Q3 25 BEAT | $0.59 | $1.64 | +178.91% | $3.79B | +31.77% |
| Q2 25 BEAT | $2.11 | $2.95 | +39.55% | $4.19B | +36.13% |
| Q1 25 MISS | $1.89 | $1.59 | -15.72% | $3.67B | +27.49% |