Flutter Entertainment Misses Q4 2025 Earnings, Shares Decline

Flutter Entertainment, the parent company of FanDuel, announced its fourth-quarter 2025 earnings, failing to meet Wall Street expectations across several key metrics. The company also issued 2026 revenue guidance that fell short of analysts' projections, leading to a significant market reaction.

Flutter's shares declined by nearly 7% in extended trading following the announcement.

Q4 2025 Financial Performance Falls Short

Flutter's financial results for the fourth quarter of 2025 indicated a performance below analyst consensus. The company reported:

• Revenue: $4.74 billion, falling short of an LSEG expectation of $4.97 billion.
• Adjusted EPS: $1.74, below an LSEG expectation of $1.95.
• Adjusted EBITDA: $832 million, lower than the StreetAccount anticipation of $893 million.

Despite these figures, Flutter's fourth-quarter revenue did increase by 25% year-over-year. According to Flutter CEO Peter Jackson, the company's Q4 performance was affected by bettors experiencing more frequent losses, which he stated can lead to reduced betting and app usage.

2026 Guidance Lower Than Analyst Projections

For the year 2026, Flutter Entertainment provided revenue guidance ranging from $17.75 billion to $19.05 billion. This range is notably lower than analysts' projection of $19.34 billion.

During an earnings call, CEO Peter Jackson indicated that prediction markets are likely to encourage further state legalization of sports betting. He also stated that the company has not found evidence of prediction markets negatively impacting its sportsbook business.