🔴 Flutter Entertainment is trading 9.5% down today after reporting a Q2 loss, cutting FY2026 guidance, and announcing a CEO transition

Flutter Entertainment is trading 9.5% down at $95.18 following a disappointing Q2 update and news of a leadership change.

• The company reported a $296 million loss despite revenue rising 3% to $4.33 billion, while also cutting its FY2026 financial guidance.
• Long-time CEO Peter Jackson will step down on October 1 and be replaced by Dan Taylor, adding to investor uncertainty.
• Market sentiment was further impacted as the firm marked down its full-year adjusted EBITDA for the fourth consecutive quarter.