Filing Flows › Flutter Entertainment (FLUT) › Q3 2026 › vs Q2 2026
Flutter Entertainment (FLUT) Q3 2026 vs Q2 2026 (quarter over quarter)
Flutter Entertainment's revenue fell $452M (-10%) from $4.3B in Q2 2026 to $3.9B in Q3 2026. The biggest changes: U.S. −$228M (-14%); International −$224M (-8%).
Flutter Entertainment, Q3 2026: revenue $3.9B (+2% year over year), operating margin -30.7%, net loss $1.1B, operating cash flow $211M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| International | $2.4B | $2.6B | −$224M | -8% |
| U.S. | $1.5B | $1.7B | −$228M | -14% |
| Revenue | $3.9B | $4.3B | −$452M | -10% |
| Income tax benefit | $95.0M | $3.0M | $92.0M | 32× |
| Net loss | $1.1B | $296M | $852M | +288% |
| Costs & expenses | $5.1B | $4.6B | $492M | +11% |
| Operating costs | $5.1B | $4.5B | $595M | +13% |
| Interest & other, net | $52.0M | $155M | −$103M | -66% |
| Cost of revenue | $2.4B | $2.6B | −$257M | -10% |
| Research & development | $350M | $300M | $50.0M | +17% |
| Sales & marketing | $1.2B | $1.0B | $156M | +15% |
| General & admin | $650M | $545M | $105M | +19% |
| Operating cash sources | $1.4B | $659M | $700M | +106% |
| Depreciation & amortization | $405M | $399M | $6.0M | +2% |
| Share-based compensation | $61.0M | $67.0M | −$6.0M | -9% |
| Working capital & other | $893M | $193M | $700M | +363% |
| Net loss absorbed | $1.1B | $296M | $852M | +288% |
| Operating cash flow | $211M | $363M | −$152M | -42% |
Questions
How much did Flutter Entertainment's revenue grow quarter over quarter in Q3 2026?
Flutter Entertainment's revenue fell $452M (-10%) from $4.3B in Q2 2026 to $3.9B in Q3 2026.
What drove Flutter Entertainment's revenue change in Q3 2026?
U.S.