FanDuel Parent Flutter Entertainment Reports Mixed Q3: EPS Beat, Revenues Miss

Core Insights - Flutter Entertainment Inc. reported mixed third-quarter earnings, with earnings per share of $1.64 surpassing the Street estimate of 86 cents, while quarterly revenue of $3.79 billion fell short of the analyst estimate of $3.9 billion [1][2] Financial Performance - The company experienced a solid third quarter, with continued momentum in both US and International businesses, maintaining its position as the number one operator in the U.S. [2] - The adjusted EBITDA for Q3 was reported at $51 million, reflecting a 12% year-over-year decline [4] Revenue Outlook - Flutter lowered its fiscal 2025 revenue outlook to $16.69 billion from the previous estimate of $17.05 billion [2] Market Reaction - Following the earnings report, Flutter Entertainment's stock was down 2.1% in extended trading, priced at $229.50 [3] Business Segment Performance - Sportsbook revenue declined by 5% year-over-year due to temporary impacts from sports results and high levels of competition during the NFL season start [4] - The company noted a 10% year-over-year handle growth in Q4 to date, attributed to increased investment in FanDuel and a strong start to the NBA season [4]