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StocksMedium•7 May 2026•

1 min read

Flutter Shares Slide 4% Following Profit Slump and Lowered Annual Guidance

Key Facts

1Flutter's net income fell 38% to $209 million in the first quarter.

2Earnings per share decreased by 22% to $1.23 due to acquisition costs and US market investments.

3The company trimmed its full-year guidance despite reporting a stronger-than-expected revenue performance.

Version History

1 additional source confirmed this story

Flutter Entertainment shares dropped 4% after the company reported a significant decline in its first-quarter financial performance. Net income fell 38% to $209 million, while earnings per share decreased by 22% to $1.23, driven by high acquisition costs and heavy investments in the US market. Despite reporting revenue figures that exceeded analyst expectations, the gaming giant trimmed its full-year guidance. This downward revision highlights the impact of aggressive expansion and integration costs on the company's bottom line. Investors reacted cautiously to the news, prioritizing profitability concerns over the reported revenue growth.