Flutter posted a GAAP net loss of USD 296 million, swinging from profit, as revenue rose 3% to USD 4.33 billion.
Adjusted EBITDA fell 45% to USD 508 million, pushing the adjusted margin down 10.2 percentage points to 11.7%.
US revenue dropped 6% to USD 1.68 billion, while International revenue climbed 10% to USD 2.64 billion; average monthly players fell 11% to 14,287,000.
CEO Peter Jackson will step down, with Dan Taylor set to become CEO on Oct. 1.
2026 guidance was cut, with revenue midpoint lowered to USD 17.91 billion and adjusted EBITDA midpoint reduced to USD 2.66 billion.
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