Flutter Entertainment Announces Amy Howe Exits as FanDuel CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy FLUT?
Flutter Entertainment announces that Amy Howe has left the Company and her role as Chief Executive Officer of FanDuel. Christian Genetski, President of FanDuel, will assume responsibility for leading the FanDuel business, continuing to build momentum and execute the division's strategy. Flutter also announces that Dan Taylor, Chief Executive Officer of Flutter's international division, will take on the newly created role of President, Flutter Entertainment, while continuing to lead the international business.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FLUT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FLUT
Wall Street analysts forecast FLUT stock price to rise
26 Analyst Rating
23 Buy
3 Hold
0 Sell
Strong Buy
Current: 101.200
Low
228.00
Averages
296.77
High
381.46
Current: 101.200
Low
228.00
Averages
296.77
High
381.46
About FLUT
Flutter Entertainment plc is an online sports betting and iGaming operator. Its segments include the United States (U.S.), United Kingdom and Ireland (UKI), Australia and International. The U.S. segment offers sports betting, casino, DFS and horse racing wagering products to players across various states in the United States, mainly online but with sports betting services also provided through retail outlets and certain online products in the province of Ontario in Canada. The UKI segment offers sports betting (sportsbook), iGaming products and other products through its Sky Betting & Gaming, Paddy Power, Betfair and tombola brands. Its Australia segment offers online sports betting products through its Sportsbet brand. The International segment includes its operations in 100 global markets and offers sports betting, casino, poker, rummy and lottery, mainly online. This segment includes Sisal, PokerStars, Snai, Betfair International, Adjarabet, MaxBet, Betnacional, and other brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Market Dynamics and Company Performance Analysis
- Calm Market Conditions: Stock futures are stable this morning with oil prices down approximately 5%, following another record close for the S&P 500, driven by hopes for an end to the Iran war, although the market is inching towards overbought territory according to momentum indicators.
- Arm Holdings Earnings Report: Despite a strong earnings report from Arm Holdings showcasing robust data center CPU business, shares fell 8% this morning due to insufficient supply of new CPUs to raise revenue forecasts, even though they are more power-efficient than AMD and Intel's x86 processors.
- Fortinet Share Surge: Fortinet's stock surged 15% after delivering outstanding quarterly results, prompting BTIG analysts to upgrade the stock from hold to buy, with Fortinet commanding 50% of the global firewall market, boosting the performance of other cybersecurity stocks as well.
- Kraft Heinz Recovery Plan: Although Kraft Heinz has struggled for years, CEO Steve Cahillane is investing in brands like Kraft mac and cheese to restore the company's former glory, aiming to win back consumers and drive growth, reflecting confidence in future prospects.
See More
AMD's Strong Performance Drives Stock Market to New Highs
- AMD's Impressive Performance: AMD reported strong first-quarter results, with an 18% stock price increase on Wednesday, propelling the Nasdaq to a new high, and a remarkable 320% rise in stock price over the past year, indicating robust demand for its CPUs, particularly in the AI sector.
- McDonald's Beats Expectations: McDonald's reported a 3.8% same-store sales growth in the first quarter, exceeding market expectations, with shares rising over 3% before the bell, as the CEO highlighted the company's ability to drive results even in challenging environments, showcasing its competitive strength.
- Surge in Airline Fuel Costs: U.S. airlines' fuel expenditures surged 56% in March, totaling over $5 billion, driven by soaring prices due to the Iran war, which could disrupt summer travel demand, although consumers remain willing to spend on vacations and rides.
- Anthropic Partners with SpaceX: AI startup Anthropic announced a deal to utilize all computing capacity at SpaceX's Colossus 1 data center in Tennessee to meet the demands of its Claude Pro and Claude Max subscribers, despite previous criticisms from SpaceX's founder regarding Anthropic.
See More
AMD's Strong Earnings Propel Stock Market to New Highs
- AMD's Impressive Performance: AMD exceeded expectations in its first-quarter report, with an 18% stock price increase on Wednesday, propelling the Nasdaq to a new high, reflecting its strong market performance amid surging AI demand.
- Positive Market Reaction: AMD's stock has skyrocketed approximately 320% over the past 12 months, with CEO Lisa Su stating that the demand for CPUs driven by intelligent agents has led the company to double its long-term outlook.
- McDonald's Beats Expectations: McDonald's reported a 3.8% same-store sales growth in the first quarter, surpassing market expectations, with shares rising over 3% before the bell, demonstrating its ability to remain competitive in challenging environments.
- Airlines Fuel Costs Surge: U.S. airlines' fuel expenditures rose 56% in March, exceeding $5 billion, which is expected to impact the upcoming summer travel season, although consumer spending remains robust.
See More
Fast Food Giants Show Mixed Earnings Results
- Shake Shack's Poor Performance: Shake Shack reported first-quarter revenue of $366.7 million, falling short of the $372 million consensus estimate, leading to a 17% drop in shares and an operating loss of $2.6 million, highlighting pressures in the competitive fast-food market.
- McDonald's Beats Expectations: McDonald's posted adjusted earnings of $2.83 per share for the first quarter, exceeding the $2.74 expected by analysts, with revenue of $6.52 billion slightly above the $6.47 billion consensus, resulting in a 3.2% increase in shares, reflecting strong market performance.
- Whirlpool Cuts Guidance: Whirlpool lowered its full-year adjusted earnings forecast to a range of $3 to $3.50 per share on revenue of approximately $15 billion, down from previous guidance of $6 per share and $15.3 billion to $15.6 billion, causing an 18% drop in shares and indicating industry challenges.
- DoorDash's Optimistic Guidance: DoorDash anticipates second-quarter marketplace gross order value between $32.4 billion and $33.4 billion, surpassing the $32.43 billion expected by analysts, with first-quarter earnings of $0.42 per share exceeding the $0.36 forecast, leading to a 10% rise in shares and showcasing growth potential.
See More
Flutter Entertainment Q1 2026 Earnings Call Insights
- Management Changes: Flutter Entertainment announced that CEO Jeremy Jackson stated Amy Howe will leave the company, while Daniel Taylor's promotion is aimed at enhancing focus on the U.S. sportsbook and strengthening synergies between international and U.S. divisions, reflecting a strategic shift in leadership.
- Revenue Growth: In Q1 2026, Flutter reported a 17% revenue increase with adjusted EBITDA up 2%, despite net income declining to $209 million year-over-year due to rising interest expenses and depreciation, highlighting the company's challenges in balancing growth and cost management.
- New Product Launches: The company rolled out a sportsbook loyalty program and the industry-first Bet Protect+ mechanism in April, receiving positive initial feedback with adoption rates exceeding expectations, indicating successful efforts to enhance customer experience and market competitiveness.
- Shareholder Return Plan: Flutter plans to return $250 million to shareholders in H1 2026, with $190 million already returned by May 1, demonstrating a balanced strategy between ongoing investments and shareholder returns amidst growth initiatives.
See More
Flutter Entertainment Reports Q1 Profit Decline
- Profit Decline: Flutter Entertainment reported a Q1 net profit of $218 million, or $1.23 per share, down from $283 million and $1.57 per share last year, indicating a weakening in profitability that may affect investor confidence.
- Revenue Growth: Despite the profit decline, the company achieved a 17.4% year-over-year revenue increase to $4.304 billion, up from $3.665 billion last year, reflecting strong business expansion and market demand.
- Adjusted Earnings: The adjusted earnings stood at $217 million, or $1.22 per share, indicating that the core profitability remains relatively stable when excluding one-time items, which may support future investment decisions.
- Full-Year Revenue Guidance: The company provided a full-year revenue guidance of $17.655 billion to $18.955 billion, suggesting management's optimistic outlook for future performance, demonstrating long-term growth potential despite the current profit decline.
See More
Market Dynamics and Company Performance Analysis
- Calm Market Conditions: Stock futures are stable this morning with oil prices down approximately 5%, following another record close for the S&P 500, driven by hopes for an end to the Iran war, although the market is inching towards overbought territory according to momentum indicators.
- Arm Holdings Earnings Report: Despite a strong earnings report from Arm Holdings showcasing robust data center CPU business, shares fell 8% this morning due to insufficient supply of new CPUs to raise revenue forecasts, even though they are more power-efficient than AMD and Intel's x86 processors.
- Fortinet Share Surge: Fortinet's stock surged 15% after delivering outstanding quarterly results, prompting BTIG analysts to upgrade the stock from hold to buy, with Fortinet commanding 50% of the global firewall market, boosting the performance of other cybersecurity stocks as well.
- Kraft Heinz Recovery Plan: Although Kraft Heinz has struggled for years, CEO Steve Cahillane is investing in brands like Kraft mac and cheese to restore the company's former glory, aiming to win back consumers and drive growth, reflecting confidence in future prospects.
See More
AMD's Strong Performance Drives Stock Market to New Highs
- AMD's Impressive Performance: AMD reported strong first-quarter results, with an 18% stock price increase on Wednesday, propelling the Nasdaq to a new high, and a remarkable 320% rise in stock price over the past year, indicating robust demand for its CPUs, particularly in the AI sector.
- McDonald's Beats Expectations: McDonald's reported a 3.8% same-store sales growth in the first quarter, exceeding market expectations, with shares rising over 3% before the bell, as the CEO highlighted the company's ability to drive results even in challenging environments, showcasing its competitive strength.
- Surge in Airline Fuel Costs: U.S. airlines' fuel expenditures surged 56% in March, totaling over $5 billion, driven by soaring prices due to the Iran war, which could disrupt summer travel demand, although consumers remain willing to spend on vacations and rides.
- Anthropic Partners with SpaceX: AI startup Anthropic announced a deal to utilize all computing capacity at SpaceX's Colossus 1 data center in Tennessee to meet the demands of its Claude Pro and Claude Max subscribers, despite previous criticisms from SpaceX's founder regarding Anthropic.
See More
AMD's Strong Earnings Propel Stock Market to New Highs
- AMD's Impressive Performance: AMD exceeded expectations in its first-quarter report, with an 18% stock price increase on Wednesday, propelling the Nasdaq to a new high, reflecting its strong market performance amid surging AI demand.
- Positive Market Reaction: AMD's stock has skyrocketed approximately 320% over the past 12 months, with CEO Lisa Su stating that the demand for CPUs driven by intelligent agents has led the company to double its long-term outlook.
- McDonald's Beats Expectations: McDonald's reported a 3.8% same-store sales growth in the first quarter, surpassing market expectations, with shares rising over 3% before the bell, demonstrating its ability to remain competitive in challenging environments.
- Airlines Fuel Costs Surge: U.S. airlines' fuel expenditures rose 56% in March, exceeding $5 billion, which is expected to impact the upcoming summer travel season, although consumer spending remains robust.
See More
Fast Food Giants Show Mixed Earnings Results
- Shake Shack's Poor Performance: Shake Shack reported first-quarter revenue of $366.7 million, falling short of the $372 million consensus estimate, leading to a 17% drop in shares and an operating loss of $2.6 million, highlighting pressures in the competitive fast-food market.
- McDonald's Beats Expectations: McDonald's posted adjusted earnings of $2.83 per share for the first quarter, exceeding the $2.74 expected by analysts, with revenue of $6.52 billion slightly above the $6.47 billion consensus, resulting in a 3.2% increase in shares, reflecting strong market performance.
- Whirlpool Cuts Guidance: Whirlpool lowered its full-year adjusted earnings forecast to a range of $3 to $3.50 per share on revenue of approximately $15 billion, down from previous guidance of $6 per share and $15.3 billion to $15.6 billion, causing an 18% drop in shares and indicating industry challenges.
- DoorDash's Optimistic Guidance: DoorDash anticipates second-quarter marketplace gross order value between $32.4 billion and $33.4 billion, surpassing the $32.43 billion expected by analysts, with first-quarter earnings of $0.42 per share exceeding the $0.36 forecast, leading to a 10% rise in shares and showcasing growth potential.
See More
Flutter Entertainment Q1 2026 Earnings Call Insights
- Management Changes: Flutter Entertainment announced that CEO Jeremy Jackson stated Amy Howe will leave the company, while Daniel Taylor's promotion is aimed at enhancing focus on the U.S. sportsbook and strengthening synergies between international and U.S. divisions, reflecting a strategic shift in leadership.
- Revenue Growth: In Q1 2026, Flutter reported a 17% revenue increase with adjusted EBITDA up 2%, despite net income declining to $209 million year-over-year due to rising interest expenses and depreciation, highlighting the company's challenges in balancing growth and cost management.
- New Product Launches: The company rolled out a sportsbook loyalty program and the industry-first Bet Protect+ mechanism in April, receiving positive initial feedback with adoption rates exceeding expectations, indicating successful efforts to enhance customer experience and market competitiveness.
- Shareholder Return Plan: Flutter plans to return $250 million to shareholders in H1 2026, with $190 million already returned by May 1, demonstrating a balanced strategy between ongoing investments and shareholder returns amidst growth initiatives.
See More
Flutter Entertainment Reports Q1 Profit Decline
- Profit Decline: Flutter Entertainment reported a Q1 net profit of $218 million, or $1.23 per share, down from $283 million and $1.57 per share last year, indicating a weakening in profitability that may affect investor confidence.
- Revenue Growth: Despite the profit decline, the company achieved a 17.4% year-over-year revenue increase to $4.304 billion, up from $3.665 billion last year, reflecting strong business expansion and market demand.
- Adjusted Earnings: The adjusted earnings stood at $217 million, or $1.22 per share, indicating that the core profitability remains relatively stable when excluding one-time items, which may support future investment decisions.
- Full-Year Revenue Guidance: The company provided a full-year revenue guidance of $17.655 billion to $18.955 billion, suggesting management's optimistic outlook for future performance, demonstrating long-term growth potential despite the current profit decline.
See More
