Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Flutter slumps as Q4 earnings miss, FY26 guidance disappoints
(Sharecast News) - Bookmaker Flutter reported a clean miss across key fourth‑quarter metrics and issued some softer‑than‑expected 2026 guidance on Friday, driven by weaker betting behaviour during the period. Flutter said group revenue rose 17% to $16.4bn in FY25, up from $14bn a year earlier, with Q4 revenue climbing 25% to $4.7bn. However, net income swung sharply lower, falling 351% from a $162m profit to a $407m loss for the year. Fourth‑quarter net income also dropped 94%, sliding from $156m to $10m.
The London and New York-listed group booked a $515m impairment in the second half, tied to the full closure of its Junglee brand in India following the Modi government's decision to ban all real‑money games and apps from August 2026.
Flutter also cited the impact of its US expansion, M&A activity, higher tax and interest expenses, and non‑cash amortisation of acquired assets as factors behind the decline in net income.
Adjusted underlying earnings, however, provided a brighter spot, rising 21% for the year to $2.8bn and up 27% in Q4 to $832m.
Flutter noted that FanDuel, its US operation, was hit by bettors losing more often than usual during Q4, which discouraged wagering and led to reduced app usage.
Looking ahead, Flutter's 2026 revenue guidance of $17.75bn-$19.05bn also fell short of the $19.34bn expected by Wall Street.
As of 0945 GMT, Flutter shares had sunk 12.17% to 7,968p.
Reporting by Iain Gilbert at Sharecast.com
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
