Flutter cuts 2026 guidance and posts $1.15 billion Q3 net loss on Brazil impairment
Flutter Entertainment reported third-quarter 2026 results on November 4, 2026. Revenue rose 2% to $3,874 million, but the company posted a net loss of $1,148 million, driven largely by an $873 million non-cash impairment tied to Brazil, where operations were closed on September 26, 2026. Flutter also lowered its full-year 2026 revenue and adjusted EBITDA guidance and paused its share repurchase program for the foreseeable future.
Key points
- Q3 2026 revenue was $3,874 million, up 2% from $3,794 million a year earlier.
- Net loss was $1,148 million, compared with a $789 million loss in Q3 2025, including an $873 million Brazil impairment charge.
- Adjusted EBITDA was $360 million, down 25% year-over-year.
- Full-year 2026 revenue midpoint guidance was cut by $300 million to $17.61 billion, and adjusted EBITDA guidance was cut by $160 million to $2.495 billion.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.