Flutter Entertainment cuts 2026 outlook after $1.15B Q3 loss, plans $500M in cost savings

Flutter Entertainment has lowered its full-year financial forecasts after reporting a $1.15 billion net loss in the third quarter of 2026 , as regulatory restrictions in Brazil and unfavorable sports results weighed on its performance. The company reduced its annual revenue guidance midpoint by $300 million to $17.61 billion and its adjusted EBITDA forecast by $160 million to $2.49 billion. Meanwhile, newly appointed CEO Dan Taylor announced plans to generate an additional $500 million in gross operating cost and capital expenditure savings by 2029 through organizational restructuring, artificial intelligence adoption and technology simplification.