Flutter Q2 net loss $296M, adjusted EBITDA -45%; CEO Jackson to step down, Dan Taylor to succeed Oct 1

Flutter Entertainment plc

Q2 revenue $4,326M (+3% YoY); net loss $296M vs profit $37M; adjusted EBITDA $508M (-45%).
US revenue -6% to $1,683M; sportsbook -15%, iGaming +14%; US adjusted EBITDA -70% to $119M.
International revenue +10% to $2,643M; adjusted EBITDA -19% to $476M; SEA organic +18%.
FY2026 guidance cut: revenue midpoint $17.91B (-$395M), adjusted EBITDA $2.655B (-$210M).
CEO Peter Jackson to transition; Dan Taylor to become CEO Oct 1, 2026. New cost transformation targeting $500M gross savings by 2029.

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