Q3 2026: Flutter cuts FY outlook as Brazil closure and sports results hit earnings

Revenue was higher across most parts of the business but higher costs led to net loss climbing year-on-year Flutter Entertainment has reduced its full-year guidance for revenue and adjusted EBITDA after the closure of Brazil’s regulated market and adverse sports results hit the group’s performance in Q3. Revenue during the three months to 30 September reached $3.87bn, up 2% from Q3 of last year. However, adjusted EBITDA was 25% lower at $360m, while the company’s net loss widened to $1.14bn. Group sportsbook and iGaming revenue were both higher year-on-year, with its US business seeing the most growth.