Filing Flows › Flutter Entertainment (FLUT) › Q3 2026
Flutter Entertainment (FLUT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Flutter Entertainment (FLUT) reported revenue of $3.9B for the third quarter 2026 (Q3 2026), +2% from a year earlier and -10% from the quarter before. Operating margin was -30.7%, net loss $1.1B (29.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | -10% | +2% |
| Operating profit | −$1.2B | — | — |
| Net earnings | −$1.1B | — | — |
| Operating cash flow | $211M | -42% | +1% |
| Free cash flow | $35.0M | — | — |
What changed
Revenue was $3.9B in Q3 2026, up 2% year over year and down 10% from the previous quarter. International was the largest line at 62% of revenue. U.S. added $0.09B year over year (up 6%), 109% of the total change.
Gross margin was 39.2%, down 3.7 points from Q3 2025. Operating costs exceeded revenue by $1.2B, an operating margin of -30.7%. Operating expenses grew 10% against revenue growth of 2%. The fastest-growing cost line was Research & development (+27%). The quarter ended with a net loss of $1.1B, wider than the previous quarter's $0.30B loss. Minority interests bore $0.29B of it: to shareholders the quarter was a loss of $0.86B.
Operating cash flow was $0.21B (up 1% year over year). Non-cash charges added back $0.41B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.89B. After capitalized software ($0.14B) and purchases of property and equipment ($0.02B) and purchases of intangible assets ($0.01B), free cash flow as the company reports it was $0.04B.
Questions
What was Flutter Entertainment's revenue in the third quarter 2026?
Flutter Entertainment (FLUT) reported revenue of $3.9B for the third quarter 2026 (Q3 2026), +2% from a year earlier and -10% from the quarter before.
Was Flutter Entertainment profitable in the third quarter 2026?
Operating loss was $1.2B (-30.7% of revenue) and net loss $1.1B.