secwatch.observer — SEC 8-K summary
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Issuer:     Flutter Entertainment plc (FLUT)
CIK:        0001635327
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001193125-25-277558
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flutter Q3 net loss $789M on $556M India impairment; cuts FY25 EBITDA guidance to $2.915B
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- Q3 revenue $3.79B (+17% YoY); adjusted EBITDA $478M (+6% YoY); AMPs +9% to 14.1M.
- Net loss $789M driven by $556M non-cash impairment on Junglee (India shutdown) and $205M Boyd payment.
- US sportsbook revenue -5% YoY; iGaming revenue +44% YoY; FanDuel NGR share 41%.
- Updated FY25 guidance: revenue $16.69B, adjusted EBITDA $2.915B midpoint (down $380M from prior).
- FanDuel Predicts joint venture with CME to launch Dec 2025; Q4 cost $40-50M, FY26 cost $200-300M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635327/000119312525277558/0001193125-25-277558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635327/000119312525277558/d82804d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-277558

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