Flutter Entertainment

Fitch has cut the outlook for Flutter from “stable” to “negative” but kept the long‑term issuer default rating at BBB. The agency expects leverage to exceed the threshold that could trigger a downgrade in 2026 and possibly 2027, depending on margin recovery in the US and higher taxes in the UK. Fitch points to pressures from investments in forecast markets and marketing as well as subdued Q2 results; these investments are likely to reduce adjusted EBITDA in 2026 by USD 200–300 million. Flutter has largely suspended its share buyback programme and executed only USD 250 million in 2026; Fitch expects strong free cash flow generation in 2026–2028 and limited M&A activity. » Mais em de.investing.com

Jeremy Peter Jackson sold 1,762 Flutter Entertainment shares on Sept. 1, 2026, for about $172,309 to satisfy tax withholding from vested restricted stock units. The sale was non‑discretionary and part of an automatic compensation settlement, leaving Jackson with 70,452 directly held shares (0.0406% ownership) plus additional derivatives. Flutter reported trailing twelve‑month revenue of $17.2 billion but a net loss of $795 million and the stock has underperformed, with a one‑year return of -68% as of the transaction date. Investors should view the sale as a routine tax‑related transaction rather than a change in insider conviction. » Mais em finance.yahoo.com

Sands Capital's Global Growth Fund flagged Flutter Entertainment as facing 'terminal value purgatory', citing investor worries that prediction markets could pressure long‑term revenue and margins. While the fund still finds Flutter's valuation and expected returns attractive, it plans to reduce exposure to debated internet businesses and consolidate into higher‑conviction names. Hedge fund ownership in Flutter fell to 37 portfolios in Q2 from 57 the prior quarter, and shares are down about 65% over the past year. » Mais em finance.yahoo.com