Flutter Entertainment Shares Plunge 12% on Disappointing 2026 Outlook

Flutter Entertainment PLC shares experienced a sharp decline of 12% in London trading, falling to 7,972p following the release of its latest financial outlook. The gambling giant's stock plummeted after the company issued a cautious forecast for 2026 that significantly missed market expectations. Despite reporting an adjusted EBITDA of $2.845 billion for 2025, the long-term guidance overshadowed the current results. Investors reacted negatively to the medium-term growth trajectory, which appears less robust than previously anticipated. The sell-off comes despite the company's recent strategic shift to a primary listing in New York to attract more capital. This double-digit drop reflects a significant loss of confidence in the owner of FanDuel and Paddy Power within the competitive gambling sector.