Flutter Entertainment reported Q1 2026 revenue of US$4.3 billion (£3.15bn), representing year-on-year growth of 17 percent, but has also fired FanDuel CEO Amy Howe.
The operator reported adjusted EBITDA of US$631 million (£463.45m) for the quarter, up two percent from the previous year, although net income declined 38 percent, y-o-y to US$209 million (£153.5m).
Average monthly players fell by three percent to 14.4 million, which the company attributed in part to the closure of its India market operations.
Flutter’s U.S. business generated revenue of US$1.76 billion (£1.29bn) during the quarter, with sportsbook revenue increasing by a marginal one percent and iGaming revenue rising 19 percent.
In its Q1 financial report released today, Flutter claimed that FanDuel has maintained its leading market share positions in both sportsbook and iGaming, reporting respective GGR shares of 39 percent and 27 percent. Nevertheless, fired FanDuel CEO Amy Howe — with immediate effect.
The Irish-origin, now U.S.-facing, operator outlined ongoing changes within its North America sportsbook strategy, including the rollout of a loyalty programme, expanded promotional mechanics and product updates designed to support engagement ahead of major sporting events such as the 2026 FIFA World Cup.
Customer Churn
Flutter said underlying sportsbook trends improved throughout the quarter despite customer churn and softer recycling activity linked to prior periods.
International revenue increased by 27 percent, year-on-year, to US$2.54 billion (£1.86bn), said Flutter, supported by acquisitions including Snai and Betnacional, alongside continued iGaming growth across Southeast Asia, the UK and Ireland, and Central and Eastern Europe.
Flutter also confirmed leadership changes within the group. Dan Taylor, previously CEO of Flutter International, has been appointed President of Flutter Entertainment, while Christian Genetski will lead the FanDuel business following the departure of Amy Howe.
The company continues to invest in prediction markets through FanDuel Predicts, which has expanded into non-sportsbook US states through a “One App” model integrating prediction market access within the FanDuel platform.
Updated Guidance
Flutter said investment in prediction markets is expected to remain toward the upper end of its previously stated adjusted EBITDA guidance range.
For the full year, Flutter updated guidance to forecast group revenue of approximately US$18.3 billion (£13.44bn) and adjusted EBITDA of around US$2.87 billion (£2.10bn) at midpoint expectations.
Affirmed Flutter Entertainment CEO Peter Jackson: “While we made good progress during the quarter, there remains more to do to ensure the improving U.S. sportsbook trends continue and we announced today the management changes we are making to best position us for our next phase of growth.
“The core fundamentals of our business remain strong, and I am confident that we have the right strategy, structure and global portfolio of local hero brands to capitalize on the significant long-term growth opportunity ahead. I look forward to further progress as we move through the rest of 2026.”
https://igamingfuture.com/fanduel-ceo-amy-howe-loses-fantasy-shoot-out-with-prediction-markets/
