FLUT
SHORTINSIDER BUYINSIDER SELLFLUTTER ENTMT PLC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeFlutter Entertainment reported Q2 2026 results with a 45% EBITDA collapse to $508M and a $296M net loss, driven by US sportsbook weakness, higher UK gaming taxes (Remote Gaming Duty increased to 40%), and $270M reinvestment spending. Management cut FY2026 guidance significantly (revenue down $395M, EBITDA down $210M), with CEO Peter Jackson departing October 1 amid ongoing regulatory headwinds and operational challenges.
Red flags
- •Q2 adjusted EBITDA fell 45% YoY to $508M; GAAP net loss of $296M
- •FY2026 revenue guidance reduced by $395M (4% below consensus); adjusted EBITDA guidance cut by $210M (7% decline vs 2025)
- •FanDuel sportsbook revenue collapsed 15% to $1.039B; US sportsbook economics deteriorating
- •UK Remote Gaming Duty increase from 21% to 40% in April 2026; estimated $320M EBITDA impact in 2026, $540M in 2027
- •CEO Peter Jackson stepping down after 9 years; multiple leadership departures (FanDuel CEO Amy Howe, plus recent layoff rounds)
- •LSE delisting effective August 3, 2026, reflects regulatory and tax pressures
- •NFL season delayed one week (impacts $75M revenue, $50M EBITDA in 2026)
- •Share price down 11.5% immediately post-earnings; stock trading well below analyst consensus targets
Funds Reducing / Exiting (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Duquesne Family Office | Stanley Druckenmiller | 0 | −115K | — | 0.6% | -100% | EXITED |
| Tiger Global | Chase Coleman | 0 | −4.0M | — | 2.9% | -100% | EXITED |
| Soros Fund Management | Soros Family Office | 0 | −93K | — | 0.3% | -100% | EXITED |
| Maverick Capital | Lee Ainslie | 0 | −187K | — | 0.4% | -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. % of Fund is the prior-quarter position size — how much of the book was sold down.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| McCarthy Christine M | — | SELL | 135 | $94.63 | $0.01M | 2026-05-28 | ↗ |
| Lennon Carolan | — | SELL | 439 | $94.63 | $0.04M | 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 | ↗ |
| Taylor Daniel Mark | President FLUT; CEO FLUT Intl | BUY | 1K | $98.41 | $0.10M | 2026-05-11 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Parvus Asset Management Jersey Limited | SC 13G | 9.0M | 5.1% | 2026-02-17 | ↗ |
| Capital World Investors | SC 13G/A | 10.7M | 6.1% | 2026-02-13 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.