Flutter Entertainment (FLUT) reported second-quarter revenue of $4.33 billion for the period ended June 2026, marking a 3.3% increase over the same quarter last year.
The company’s earnings per share came in at $0.49, a sharp decline compared to $2.95 recorded in the year-ago quarter, raising questions about profitability trends.
Flutter’s reported revenue exceeded the Zacks Consensus Estimate of $4.21 billion, delivering a positive revenue surprise of 2.77% for the quarter.
However, the company missed on the bottom line, posting an EPS surprise of -15.52% against a consensus EPS estimate of $0.58.
International revenue reached $2.64 billion, topping the four-analyst average estimate of $2.54 billion and representing a strong year-over-year increase of 10.3%.
U.S. revenue came in at $1.68 billion, roughly in line with the $1.67 billion analyst estimate but reflecting a year-over-year decline of 6%, signaling pressure in the domestic market.
U.S. Sportsbook revenue of $1.04 billion fell short of the $1.05 billion average estimate and represented a significant year-over-year drop of 14.8%, which is likely weighing on investor sentiment.
U.S. iGaming revenue reached $577 million, slightly below the $581.36 million analyst estimate but still reflecting a healthy year-over-year growth rate of 13.8%.
International Sportsbook revenue of $1.19 billion beat the two-analyst average estimate of $1.13 billion and posted a year-over-year gain of 14.3%, underscoring the strength of Flutter’s overseas operations.
U.S. sportsbook handle came in at $11.96 billion, exceeding the $11.61 billion average estimate, indicating strong wagering volumes despite the revenue shortfall in that segment.
International sportsbook handle reached $9.02 billion, edging past the two-analyst average estimate of $8.99 billion, further demonstrating consistent engagement across global markets.
International iGaming revenue of $1.36 billion came in just below the $1.37 billion analyst estimate, representing a year-over-year increase of 7.1%.
International Other revenue of $95 million beat the $83.3 million average estimate and grew 9.2% year over year, adding incremental upside to the overall international picture.
U.S. Other revenue of $67 million topped the $59.94 million average analyst estimate and reflected a modest year-over-year change of 3.1%.
Shares of Flutter have returned -3.1% over the past month, significantly underperforming the Zacks S&P 500 composite’s gain of 3.5% over the same period.
The stock currently holds a Zacks Rank of 5, designated as Strong Sell, suggesting analysts expect it to underperform the broader market in the near term.
