Flutter beats Q1 estimates, cuts outlook and expands prediction market activity

10 articles · Updated · Barron's · May 6

Adjusted EPS was $1.22 on $4.30 billion revenue, beating forecasts, while shares rose 5.5% after hours despite a lower 2026 revenue midpoint of $18.31 billion.
The FanDuel parent said April marked the start of trial market-making on a major third-party prediction platform, alongside FanDuel Predicts in Texas and California.
Flutter said the strategy targets customer acquisition where sports betting is still illegal and monetises pricing expertise, even as rising costs, a 22% earnings drop and prediction-market competition weigh on outlook.

Is Flutter's billion-dollar bet on prediction markets a visionary strategy or a reckless gamble?

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