FanDuel’s parent flutter entertainment reported fourth-quarter results Thursday that fell short of Wall Street expectations on nearly every measure.
FanDuel’s performance in the final quarter of 2025 was affected by bettors losing more often than usual. Flutter CEO Peter Jackson said in an interview with CNBC that gamblers will become discouraged, place fewer bets and use the app less frequently.
“It’s fair to say not everything went our way in the fourth quarter,” Jackson said.
Flutter stock fell about 7% in extended trading Thursday.
Here’s what the company reported in the fourth quarter compared to Wall Street consensus:
Revenue: $4.74 billion vs. $4.97 billion, according to LSEG Adjusted EPS: $1.74 vs. $1.95, according to LSEG
For the fourth quarter, Flutter reported adjusted earnings before interest, taxes, depreciation and amortization of $832 million, lower than the $893 million that Wall Street had expected, according to Street accounts.
Fourth quarter revenue increased 25% year over year. Still, Flutter’s 2026 revenue outlook is between $17.75 billion and $19.05 billion, lower than analysts’ full-year expectations of $19.34 billion.
Jackson told investors on the company’s earnings call that prediction markets will likely spur states to legalize sports betting. He also said the company has found no evidence that prediction markets are cannibalizing the sportsbook business.
