Paddy Power Owner Flutter Cuts Outlook After Hefty Quarterly Loss

Paddy Power owner Flutter cuts outlook after hefty quarterly loss

The group recently said it would cut around 1,400 jobs in the UK and Ireland as part of an overhaul after UK gambling tax hikes.

Flutter's UK casino revenue grows 12% but 40% duty pulls International EBITDA down 14%

Flutter's third-quarter results show its UK and Ireland online casino business growing while International profit fell after remote gaming duty nearly doubled. The biggest operator in the UK and Ireland has now cut guidance again, paused buybacks and turned to debt reduction under a new chief executive.

Flutter posts Q3 of compounding headaches as net loss exceeds $1bn

Flutter Entertainment has cut its full-year guidance as Q3 trading beckons a marathon of challenges which new Chief Executive Officer, Dan Taylor, must confront to restore the growth status of the NYSE-listed gambling group.   This came despite group revenue increasing 2% year-on-year to $3.874bn (Q3 2025: $3.794bn) in the first trading period under the leadership […]