Filing Flows › Flutter Entertainment (FLUT) › Q2 2026
Flutter Entertainment (FLUT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Flutter Entertainment (FLUT) reported revenue of $4.3B for the second quarter 2026 (Q2 2026), +3% from a year earlier and +0.5% from the quarter before. Operating margin was -3.3%, net loss $296M (6.8% of revenue).
Flutter Entertainment, Q2 2026: revenue $4.3B (+3% year over year), operating margin -3.3%, net loss $296M, operating cash flow $363M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | +0.5% | +3% |
| Operating profit | −$144M | -282% | -137% |
| Net earnings | −$296M | -236% | -382% |
| Operating cash flow | $363M | +10% | +1% |
| Free cash flow | $189M | — | — |
What changed
Revenue was $4.3B in Q2 2026, up 3% year over year and up 1% from the previous quarter. International was the largest line at 61% of revenue. International added $0.25B year over year (up 10%), 178% of the total change. U.S. declined 6%.
Gross margin was 39.6%, down 7.2 points from Q2 2025. Operating costs exceeded revenue by $0.14B, an operating margin of -3.3%. Operating expenses grew 18% against revenue growth of 3%. The fastest-growing cost line was Sales & marketing (+28%). The quarter ended with a net loss of $0.30B, after a profit of $0.21B the previous quarter. Minority interests bore $0.02B of it: to shareholders the quarter was a loss of $0.27B. Net interest and other expense of $0.15B was the main reason.
Operating cash flow was $0.36B (up 1% year over year). Non-cash charges added back $0.40B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.19B. After capitalized software ($0.14B) and purchases of intangible assets ($0.03B) and purchases of property and equipment ($0.01B), free cash flow as the company reports it was $0.19B.
Questions
What was Flutter Entertainment's revenue in the second quarter 2026?
Flutter Entertainment (FLUT) reported revenue of $4.3B for the second quarter 2026 (Q2 2026), +3% from a year earlier and +0.5% from the quarter before.
Was Flutter Entertainment profitable in the second quarter 2026?
Operating loss was $144M (-3.3% of revenue) and net loss $296M.