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Flutter Shares Fall 11% After US Guidance Cut, CEO Exit

8/6/2026

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Summary

Story summary

Flutter shares fell 11% on Wednesday after cutting U.S. profit guidance by 22% and announcing CEO Peter Jackson’s exit.
Dan Taylor, head of Flutter’s international unit, will become CEO on Oct. 1.
Q2 earnings per share were 49 cents, missing the 60-cent target.
Flutter projects U.S. EBITDA of $760 million for the year, a 22% cut, will allocate $270 million to its U.S. business in 2026 and raise promotional spend to 6% of handle.

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Story summary

Flutter shares fell 11% on Wednesday after cutting U.S. profit guidance by 22% and announcing CEO Peter Jackson’s exit.
Dan Taylor, head of Flutter’s international unit, will become CEO on Oct. 1.
Q2 earnings per share were 49 cents, missing the 60-cent target.
Flutter projects U.S. EBITDA of $760 million for the year, a 22% cut, will allocate $270 million to its U.S. business in 2026 and raise promotional spend to 6% of handle.