Flutter Entertainment is trading 10.1% down at $94.38 after reporting a surprise Q2 net loss and cutting its FY2026 revenue and EBITDA guidance.
- The company reported sharply lower adjusted EPS and flagged significant U.S. tax and legislative headwinds as primary factors impacting its long-term outlook.
- Sentiment is further pressured by leadership uncertainty following the announcement that CEO Peter Jackson will step down on October 1, 2026.