Citi upgrades Flutter after 13% share price slide

Impact · against what's priced in

Flutter faces significant downward pressure due to a sharp reduction in 2026 US EBITDA guidance and a delay in share buybacks until 2028. While Citi's upgrade to 'neutral' suggests a valuation floor, the fundamental revisions to earnings and capital return timelines are negative catalysts.

FLTR−0.50

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In context

The company lowered its 2026 US adjusted EBITDA guidance midpoint by 22% and its revenue midpoint by 5%, while buybacks are now delayed until 2028 due to debt.

Read from the article alone

• earnings▲<1%
• guidance
• DKNG
• FLTR
• analyst upgrade
• ebitda
• gambling
• revenue forecast
• share buybacks