Flutter Cuts Forecast, Pauses Buybacks; FanDuel Profit Falls

An $873 million noncash Brazil impairment helped push Flutter to a $1.148 billion net loss. The group is pursuing $500 million in gross operating and capital spending savings by 2029. FanDuel’s recovering customer numbers and betting volumes left US adjusted EBITDA near breakeven for the three months ended September 30, according to Flutter’s November 4, 2026, earnings release. Across the group, revenue rose while adjusted EBITDA fell. Flutter cut its annual outlook again and suspended existing share repurchases for the foreseeable future, choosing organic investment and debt reduction over buybacks.