← Back to signals
FLUT
SHORTINSIDER BUYINSIDER SELLFLUTTER ENTMT PLC
Funds
4
Score
4.00
vs SPY
-21.2%
Stock return (since Q-end)
-4.9%
SPY return (since Q-end)
+16.3%
Current price
$96.98
News Summary
NegativeFlutter delivered a Q1 2026 earnings beat (+11.93% EPS vs. consensus) with 17% revenue growth, but immediately cut full-year 2026 guidance on both revenue ($18.305bn vs. $18.4bn) and EBITDA ($2.865bn vs. $2.97bn), citing unfavorable Q1 sports results and new state launch costs. The company experienced significant leadership disruption with CEO Amy Howe's departure from FanDuel and a strategic review of its London Stock Exchange listing, though operating cash flow remained solid at $330 million.
Red flags
- •FY2026 guidance cut on both revenue and EBITDA immediately after earnings announcement
- •CEO departure: Amy Howe (FanDuel CEO) terminated May 6, 2026 with $4.37M severance; also recent departure of FanDuel President of Sports Mike Raffensperger — signals leadership instability
- •Net income declined 38% YoY to $209M despite revenue growth, driven by higher interest expense from M&A debt burden ($11.794B long-term debt)
- •U.S. sportsbook growth decelerated to just 1% YoY, suggesting market maturation and competitive pressures despite iGaming +19% offset
- •High near-term customer engagement headwinds from margin compression noted in guidance
- •LSE listing review initiated — potential further capital structure volatility
Funds Reducing / Exiting (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | QoQ | Status |
|---|---|---|---|---|---|---|
| Duquesne Family Office | Stanley Druckenmiller | 0 | — | — | -100% | EXITED |
| Tiger Global | Chase Coleman | 0 | — | — | -100% | EXITED |
| Maverick Capital | Lee Ainslie | 0 | — | — | -100% | EXITED |
| Soros Fund Management | Soros Family Office | 0 | — | — | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed |
|---|---|---|---|---|---|---|
| Lennon Carolan | — | SELL | 439 | $94.63 | $0.04M | 2026-05-28 |
| McCarthy Christine M | — | SELL | 135 | $94.63 | $0.01M | 2026-05-28 |
| Bomhard Stefan Andreas | — | SELL | 177 | $94.63 | $0.02M | 2026-05-28 |
| Hurley Alfred F Jr | — | SELL | 135 | $94.63 | $0.01M | 2026-05-28 |
| Dubuc Nancy | — | SELL | 135 | $94.63 | $0.01M | 2026-05-28 |
| BRYANT JOHN A | — | SELL | 214 | $94.63 | $0.02M | 2026-05-28 |
| Cruickshank Nancy | — | SELL | 152 | $94.63 | $0.01M | 2026-05-28 |
| KOEPPEL HOLLY K | — | SELL | 135 | $94.63 | $0.01M | 2026-05-28 |
| BENNETT ROBERT R | — | SELL | 135 | $94.63 | $0.01M | 2026-05-28 |
| LIU DON H | Chief Legal Officer | SELL | 1K | $93.37 | $0.12M | 2026-05-13 |
| Taylor Daniel Mark | President FLUT; CEO FLUT Intl | BUY | 2K | $94.29 | $0.15M | 2026-05-12 |
| Lennon Carolan | — | BUY | 520 | $92.30 | $0.05M | 2026-05-12 |
| Jackson Jeremy Peter | Chief Executive Officer | SELL | 3K | $98.13 | $0.30M | 2026-05-11 |
| Taylor Daniel Mark | President FLUT; CEO FLUT Intl | BUY | 1K | $98.41 | $0.10M | 2026-05-11 |
| Bishop James Philip | Chief Operating Officer | BUY | 1K | $99.75 | $0.10M | 2026-05-11 |
| BRYANT JOHN A | — | BUY | 2K | $102.86 | $0.20M | 2026-05-08 |
| LIU DON H | Chief Legal Officer | BUY | 1K | $102.78 | $0.15M | 2026-05-08 |
| Coldrake Robert | Chief Financial Officer | SELL | 129 | $101.40 | $0.01M | 2026-05-08 |
| Jackson Jeremy Peter | Chief Executive Officer | BUY | 2K | $101.94 | $0.24M | 2026-05-08 |
| Bomhard Stefan Andreas | — | BUY | 500 | $102.00 | $0.05M | 2026-05-08 |