FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
Photo: TokenPost
Flutter Entertainment's U.S. sportsbook handle advanced 13% in the third quarter, ahead of 4% revenue growth, as promotional spending rose and the company lowered its 2026 outlook after a $1.15 billion net loss. Companywide revenue increased 2% year over year to $3.87 billion. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell about 25% to $360 million. Flutter recorded an adjusted loss of 18 cents per share; its net loss included an $873 million noncash impairment. FanDuel's U.S. sportsbook averaged 9% more monthly players and processed 15% more bets. Across Flutter's U.S.
Source: TokenPost
