Flutter Entertainment stock falls as guidance cuts reset expectations

Published on 09/22/2026 at 18:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Flutter Entertainment stock closed at USD 89.56 on September 18, 2026, down 3.18 percent. Q2 FY26 revenue reached USD 4.33 billion, while earnings were negative USD 274 million.

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Flutter Entertainment plc (IE00BWT6H894) closed at USD 89.56 on the New York Stock Exchange on September 18, 2026, down 3.18 percent from the prior close. The latest reset came after Rothschild Redburn cut its rating from Buy to Neutral and reduced its price target from USD 169.00 to USD 119.00, as Investing.com reported on September 21, 2026.

Four guidance cuts change the story

The downgrade followed four consecutive reductions to Flutter's 2026 guidance. According to Investing.com on September 21, 2026, FanDuel's midpoint EBITDA guidance was reduced by 22 percent, while the group-level 2026 guidance was cut by 7 percent. The numerical change matters because FanDuel is central to Flutter's United States expansion and its near-term earnings profile.

The latest quarterly snapshot shows the trade-off. Flutter generated USD 4.33 billion in revenue in the second quarter of fiscal year 2026, but reported earnings of negative USD 274 million and a profit margin of negative 6.33 percent, according to Yahoo Finance data cited on September 21, 2026. Revenue provides scale, but the loss shows why promotional spending and customer acquisition costs remain decisive for valuation.

Analysts disagree on the recovery path

Rothschild Redburn's new USD 119.00 target is USD 50.00 below its previous USD 169.00 target, a reduction of 29.59 percent. By contrast, Citizens maintained a Market Outperform rating and a USD 145.00 target on September 21, 2026, as Investing.com reported.

Stifel also reiterated a Buy rating, pointing to higher parlay volumes in August, according to the reported analyst overview on September 21, 2026. The split between the USD 119.00 and USD 145.00 targets reflects a narrow debate: whether current investment spending is a temporary drag or evidence that the earnings recovery will take longer.

Stock remains near its yearly low

Flutter's market capitalization was USD 15.54 billion as of September 18, 2026. The same dated market snapshot placed the 52-week range at USD 86.61 to USD 287.44, leaving the closing price only USD 2.95 above the low and USD 197.88 below the high.

On September 21, 2026, another market snapshot showed the stock at USD 86.86, down 3.0 percent, with a 52-week low of USD 86.55, according to GuruFocus. The market is therefore pricing the guidance reductions more aggressively than the bullish analyst targets imply.

Flutter stock trades at USD 89.56

Flutter Entertainment stock closed at USD 89.56 on the NYSE on September 18, 2026, down 3.18 percent from the prior close. With a USD 15.54 billion market capitalization and a 52-week range of USD 86.61 to USD 287.44, the quotation remains close to the lower boundary of its recent trading history.