Flutter Entertainment stock falls 2.17 percent as Brazil risk cuts targets
Published on 10/03/2026 at 23:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Flutter Entertainment (ISIN IE00BWT6H894) stock closed at USD 74.81 on the NYSE on October 2, 2026, down 2.17 percent from the prior close of USD 76.47. The immediate pressure point is Brazil, where a regulatory shutdown has prompted Deutsche Bank to cut its target while retaining a Buy rating.
Brazil risk cuts target
As Yahoo Finance reported on October 1, 2026, Deutsche Bank reduced its Flutter price target to USD 141 from USD 148 because of Brazil's decision to ban online betting and gaming, while keeping its Buy rating.
The same report said the measure is due to force betting websites and applications offline on October 6, 2026. Flutter estimates that a prolonged disruption would reduce 2026 revenue by USD 70 million and adjusted core profit by USD 20 million, making regulatory execution a direct earnings variable.
Revenue beats, earnings miss
MarketBeat reported that Flutter's Q2 2026 revenue rose 3.3 percent year over year to USD 4.33 billion, exceeding the USD 4.24 billion consensus estimate. Adjusted EPS was USD 0.49 against USD 0.54 expected, a USD 0.05 miss.
The standardized Q2 2026 financials show a USD 296.0 million consolidated net loss and a negative 3.0 percent operating margin, while operating cash flow reached USD 363.0 million. Cash and cash equivalents stood at USD 1.6 billion on June 30, 2026.
Stock stays near yearly low
At USD 74.81, Flutter stock stood 1.78 percent above its NYSE 52-week low of USD 73.50 and 70.83 percent below its high of USD 256.50 on October 2, 2026. The session volume was 2,461,767 shares, and market capitalization was USD 13.0 billion.
Next earnings date is November 4
Flutter Entertainment closed at USD 74.81 on the NYSE on October 2, 2026. The company's investor calendar lists Q3 2026 earnings for November 4, 2026, giving the next report a clear test of revenue conversion and regulatory exposure, according to Flutter.
Flutter Entertainment stock facts
- Company: Flutter Entertainment plc
- ISIN: IE00BWT6H894
- Ticker: FLUT
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. EDT): USD 74.81
- Market capitalization: USD 13.0 billion (as of October 2, 2026)
- 52-week range: USD 73.50-256.50 (as of October 2, 2026)
- Sector / Industry: Consumer Discretionary / Gambling
- Next earnings date: November 4, 2026
