Flutter Reports Q3 2026 Net Loss of $1.1 Billion Amid Brazil Impairment Charges
Flutter reported a significant net loss of $1.1 billion for the third quarter of 2026, primarily driven by an $873 million noncash impairment charge following the closure of its Brazilian operations and $105 million in legal contingencies related to an Australian class action lawsuit. Despite the bottom-line loss, group revenue grew 2% year-over-year to $3.9 billion, supported by a 6% increase in U.S. revenue and strong performance in the U.S. sportsbook sector. The company's Adjusted EBITDA fell 25% year-over-year to $360 million as Flutter invested heavily in new market launches in Alberta and prediction market capabilities. While international revenue remained flat due to a challenging trading environment, the U.S. segment showed strength with a 13% increase in sportsbook handle. Management has revised its full-year 2026 revenue guidance to $17.3 billion–$17.9 billion to account for unfavorable sports results and the Brazil exit.
Topics: EBITDA iGaming net loss revenue sportsbook
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