Overview
- Flutter said Wednesday that FanDuel CEO Amy Howe left as president Christian Genetski took charge and Dan Taylor moved into a new role as President, Flutter Entertainment.
- The company cut its 2026 adjusted earnings forecast to about $2.87 billion, citing unfavorable sports results early in the year and costs tied to an earlier-than-planned launch in Arkansas.
- First-quarter adjusted EBITDA came in around $631 million, which beat analyst expectations even as softer U.S. sportsbook trends lingered through March.
- An SEC filing disclosed that Howe will receive $4.37 million in severance along with vested equity grants and up to 12 months of health coverage.
- Flutter shares fell on the news and have dropped sharply over the past year as investors assess new prediction-market rivals and the company’s plan to invest in a FanDuel Predicts platform, while reports differed on whether Genetski’s leadership is permanent.