Flutter Entertainment reported Q1 2026 revenue of US$4.3 billion, representing year-on-year growth of 17 percent, but has also announced the diminution of FanDuel CEO Amy Howe (https://igamingfuture.com/fanduel-ceo-amy-howe-loses-fantasy-shoot-out-with-prediction-markets/).
The operator reported adjusted EBITDA of US$631 million for the quarter, up 2% from the previous year, while net income declined 38% year-on-year to $209 million. Average monthly players fell by 3% to 14.4 million, which the company attributed in part to the closure of its India market operations.
Flutter’s US business generated revenue of $1.76 billion during the quarter, with sportsbook revenue increasing 1% and iGaming revenue rising 19%. The company stated that FanDuel maintained leading market share positions in both sportsbook and iGaming, reporting respective gross gaming revenue shares of 39% and 27%.
The operator also outlined ongoing changes within its US 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. Flutter said underlying sportsbook trends improved throughout the quarter despite customer churn and softer recycling activity linked to prior periods.
International revenue increased 27% year-on-year to $2.54 billion, supported by acquisitions including Snai and Betnacional, alongside continued iGaming growth across Southeast Asia, the UK and Ireland, and Central and Eastern Europe. On an organic basis, international revenue remained broadly flat compared to the prior year period.
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. 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 $18.3 billion and adjusted EBITDA of around $2.87 billion at midpoint expectations. The revised outlook incorporates Q1 sports results, investment related to the Arkansas launch and reporting changes connected to PokerStars North America.
The results underline the continued importance of iGaming growth within Flutter’s wider digital strategy, particularly as operators across regulated markets focus on sportsbook product development, customer engagement and expansion into emerging online betting opportunities.
Peter Jackson, CEO, commented: “Flutter’s Q1 performance was encouraging, with Group revenue increasing 17% year‑on‑year. This reflected positive signs from our US sportsbook improvement plan, where performance was ahead of our expectations in March. Group performance also benefited from our local hero acquisitions in Italy and Brazil, and excellent underlying SEA growth.
While we made good progress during the quarter, there remains more to do to ensure the improving US 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.”
With regards to the leadership changes at FanDuel, Peter Jackson, Group CEO of Flutter, said: “With significant growth potential ahead, we have decided this is the right moment for new leadership at FanDuel. I would like to thank Amy for her contribution to Flutter and FanDuel and recognise the impact she has had on the business since joining in 2021. During this time, FanDuel has experienced periods of strong performance alongside meaningful change and transformation. We wish her every success for the future. I’m delighted that Christian will lead the business. He has a strong track record at FanDuel and deep market knowledge, and we are confident he will build momentum and continue strengthening FanDuel’s position as the leading online sportsbook and iGaming operator in the US. He will work closely with Dan, who brings extensive global industry and commercial expertise to his new role. We remain focused on delivering Flutter’s strategy and converting our scale, technology and customer offering into sustained, profitable growth.”
Amy Howe, FanDuel CEO added: “It has been a privilege to lead FanDuel over the past five years. I’m incredibly proud of the business we’ve built and the talented team behind it, as well as the entertainment experiences we deliver to our customers every day. Together, we have established a clear leadership position in the market, strengthened our product and brand, and built strong foundations for future growth. With the business well positioned for what comes next, I believe this is the right moment to hand over to new leadership to build on that progress and capture the opportunities ahead. I leave with great confidence in the team and the future of FanDuel, and I look forward to seeing its continued success.”
