CNBC
04 Nov 2026, 19:53 UTC · 1h ago
New Flutter CEO bets on FanDuel promotions to win customers as profits suffer
Impact · against what's priced in
Flutter's stock faces further downward pressure as the company lowers full-year guidance and absorbs a massive impairment in Brazil. While the market had already priced in a shift toward promotions, the scale of the EBITDA cut and the complete pause of buybacks through 2028 exceed previous assumptions.
- FLUT−0.40
Challenges what's priced in
- The price assumes
A period of constrained cash returns, with share buybacks delayed until at least 2028 due to debt.
While the price assumed delayed buybacks, the new CEO confirmed a total hold on capital returns for the next 24 months to reduce leverage to 2-2.5x, reinforcing a lack of EPS support.
What FLUT's price assumes · Sep 22
