Flutter (FLUT) Q2 2026 Earnings Call Transcript

Flutter Entertainment’s Q2 2026 results showed a revenue increase but deeper bottom-line pressure. In its Aug. 5, 2026 earnings call, the company reported total revenue of $4.3 billion, up 3%, driven by M&A and FIFA World Cup engagement. Net loss was $296 million, compared with net income of $37 million in Q2 2025. Adjusted EBITDA fell 45% to $508 million, citing UK tax increases and strategic marketing spend. U.S. revenue declined 6% to $1.683 billion, while U.S. iGaming revenue rose 14% to $577 million. International revenue grew 10% to $2.643 billion after integrating Snai and Betnacional. Flutter projected a $500 million gross savings target from its Phase Two cost transformation by 2029.