GET DAILY SIGNALSFlutter Entertainment (FLUT) Holds Near $82 with +3% Monthly Gain Despite Q3 Miss and Guidance Cuts
Key Takeaways
- Flutter Entertainment (FLUT) traded near $82 in mid-November 2026, up roughly 3% over the trailing month as a quarterly earnings miss and lower 2026 guidance offset solid FanDuel market-share gains.
- Q3 2026 revenue rose 2% year over year to $3.87 billion but missed consensus estimates, while adjusted EBITDA fell 25% to $360 million.
- A Brazilian government measure banning online sports betting and gaming drove an $873 million non-cash impairment and a wider reported net loss.
- Management lowered full-year 2026 revenue guidance by $300 million to $17.61 billion and adjusted EBITDA guidance by $160 million to $2.495 billion.
- New CEO Dan Taylor has set out an additional $500 million in cost and capital-expenditure savings by 2029 and paused share buybacks to prioritize deleveraging.
Current Market Snapshot
Flutter Entertainment shares closed near $82.50 in mid-November 2026, reflecting a modest gain of roughly 3% from the $79.78 close recorded about a month earlier. The stock has traded within a relatively contained band as investors weighed resilient U.S. sportsbook performance against a sharp regulatory setback in Brazil and a downward revision to full-year guidance.
With a market capitalization around $14.5 billion, FLUT sits at the center of the global online sports betting and iGaming sector. Broader sentiment remains cautious: the company posted a third-quarter earnings miss, a non-cash impairment tied to Brazil, and elevated leverage, all of which have tempered enthusiasm despite management's emphasis on underlying operational momentum.
Flutter Entertainment (FLUT) Business Overview and Competitive Position
Flutter Entertainment is the world's leading online sports betting and iGaming operator. The company owns a diversified portfolio of brands, including FanDuel in the United States, Sky Betting & Gaming, Paddy Power, and Betfair in the UK and Ireland, Sportsbet in Australia, PokerStars globally, and Sisal and Snai in Italy, among others. FanDuel is the clear U.S. market leader, holding roughly a third of sportsbook gross gaming revenue and handle share in the states where it operates.
The company's "Flutter Edge" combines global scale, product technology, and pricing expertise to drive customer acquisition and retention across regulated markets. Investors follow the stock closely because of its leadership in the fast-growing U.S. market, its international diversification, and its expanding footprint in iGaming and prediction markets. Competitive strengths include strong brand recognition, a large active customer base, and a track record of integrating acquired regional operators. I also checked this using Tickeron’s AI Screener to see how FLUT compares to others in the industry.
Recent Developments Driving FLUT
Several verified developments shaped FLUT over the past month. On November 4, 2026, Flutter reported Q3 results that fell short of expectations: revenue grew 2.1% year over year to $3.87 billion versus a consensus near $3.99 billion, adjusted EBITDA declined 25% to $360 million, and the company posted an adjusted loss per share. The reported net loss widened to about $1.15 billion, driven largely by an $873 million non-cash impairment on its Brazilian business following a government measure banning online sports betting and gaming in that market.
The company also cut full-year 2026 guidance, reducing the revenue midpoint to $17.61 billion and adjusted EBITDA guidance to $2.495 billion, citing unfavorable sports results and the Brazil closure. Management highlighted a pause in share repurchases, leverage of 4.6 times at quarter end, and a target to return to a 2-to-2.5 times range over the medium term.
On the operational side, FanDuel gained U.S. market share in August and September, with sportsbook handle up 13% and iGaming revenue up 8%. The July launch in Alberta captured more than 20% gross gaming revenue share. Meanwhile, the prediction markets business saw October trading volumes nearly triple versus July, though U.S. adjusted EBITDA fell sharply as promotional and marketing spend rose. Dan Taylor took over as CEO on October 1, 2026, succeeding Peter Jackson, and outlined an additional $500 million in cost and capital-expenditure savings by 2029. From what I see, these operational details remain central to the story.
2026 Outlook and What Investors Should Watch
Looking ahead, investors will be monitoring whether FanDuel's U.S. momentum and market-share gains translate into improved profitability as promotional intensity remains elevated. The regulatory landscape in Brazil, the trajectory of U.S. iGaming state expansion, and the evolution of prediction markets are key swing factors. Management has signaled that marketing intensity is likely to remain high into 2027, which could continue to pressure margins.
Other areas to watch include the pace of deleveraging toward the company's medium-term target, the delivery of the announced cost-savings program, and any resumption of capital returns to shareholders. Quarterly results expected in February will provide the next formal update on 2027 guidance and strategy. As with all equities, broader macroeconomic conditions, tax changes such as the UK gaming duty increase, and competitive dynamics will influence near-term performance. I'm watching this closely as the deleveraging path unfolds.
Using AI Tools in My Research Process
In my analysis, I often turn to Tickeron’s Trending AI Robots to see how algorithmic trading strategies are approaching the market. The section surfaces top-performing bots across different timeframes and styles, which helps me cross-check my own views on names like FLUT without replacing independent judgment. It offers a practical window into real-time positioning that complements traditional research.
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FLUT's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for FLUT turned positive on October 09, 2026. Looking at past instances where FLUT's MACD turned positive, the stock continued to rise in 28 of 39 cases over the following month. The odds of a continued upward trend are 72%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FLUT's RSI Oscillator exited the oversold zone, 16 of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
The Momentum Indicator moved above the 0 level on October 16, 2026. You may want to consider a long position or call options on FLUT as a result. In 62 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
Following a +0.99% 3-day Advance, the price is estimated to grow further. Considering data from situations where FLUT advanced for three days, in 204 of 300 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 41 of 60 cases where FLUT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 68%.
FLUT moved below its 50-day moving average on November 03, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FLUT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
FLUT broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FLUT entered a downward trend on October 23, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 21 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.620) is normal, around the industry mean (3.369). P/E Ratio (-19.178) is within average values for comparable stocks, (1.457). Projected Growth (PEG Ratio) (0.189) is also within normal values, averaging (0.476). Dividend Yield (0.000) settles around the average of (0.012) among similar stocks. P/S Ratio (1.001) is also within normal values, averaging (1.692).
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 63 (best 1 - 100 worst), indicating steady price growth. FLUT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 93 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 98 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FLUT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 98, placing this stock worse than average.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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