Flutter Entertainment cuts 2026 outlook after $1.15B Q3 loss, plans $500M in cost savings

Flutter Entertainment has revised its full-year 2026 outlook downward after posting a $1.15 billion net loss in the third quarter, citing adverse sports results and regulatory restrictions in Brazil. The company trimmed its annual revenue midpoint to $17.61 billion and adjusted EBITDA forecast to $2.49 billion. To offset the downturn, the operator plans to execute $500 million in cost-saving measures.



