Flutter set to reduce capital expenditure in 2027, CFO says
FLUT•Flutter’s CFO said the company is focused on reducing capital expenditure further in 2027 and that 2026 spending may come in below forecast. The company expects elevated U.S. marketing intensity in 2027 and sees prediction-market making contribution building next year, without putting a figure on it.
1. Spending and savings
Flutter’s CFO said the company is focused on reducing capital expenditure further in 2027, and that its 2026 outturn may be lower than forecast. A cost-savings target through 2029 will include a review of its retail estate and exits from lower-returning shops.
2. Other priorities
The CFO said Flutter expects elevated marketing intensity in the U.S. in 2027, sees contribution from prediction-market making building next year but is not putting a number on it, and will deleverage its balance sheet at pace, citing excellent free cash flow generation.
