u/Jacker247 ·
Reddit — r/wallstreetbets
· June 23, 2026 at 15:16
· ⬆ 19 pts
· 💬 16 comments
| View on Reddit ↗
AI Summary
Summary
The post analyzes Flutter Entertainment (FLUT), which has fallen from ~$314 to ~$100 due to earnings downgrades, rising leverage, a Moody’s downgrade, exiting India, a short position by Two Sigma, and a London delisting.
The author’s thesis: despite all negative fundamentals, the upcoming FIFA World Cup in 2026 will drive a massive revenue tailwind for FLUT’s FanDuel and international brands, creating a contrarian long opportunity ahead of the Aug 7 earnings.
Quality assessment: Mixed – the author lists real bearish data but then dismisses it with a speculative catalyst. The position screenshot suggests a real money bet, but the DD is more narrative than rigorous fundamental analysis.
Score19
Comments16
Upvote %81%
▶ Full Post Text
I saw my friend bet on Qatar vs Canada in the WC26, he made 6x
He was using this shit FLUT platform, so I dog into it.
https://preview.redd.it/jzgjslu2t19h1.png?width=493&format=png&auto=webp&s=5b56ab31c1a35c06ff21beb78122628943a43e3a
They are Draftking but for retards, easy to use and user friendly.
The problem: earnings collapse + leverage
FLUT's decline is one of the more dramatic in the large-cap gaming space over the past year. The stock peaked near $314 in August 2025 and has since lost roughly two-thirds of its value. The driver is a combination of sharply deteriorating earnings estimates, rising leverage, and a Moody's credit outlook downgrade — all compounding each other.
The were trading around 300 now its a 100 in a single year, why?
https://preview.redd.it/mvkjtgr7t19h1.png?width=1077&format=png&auto=webp&s=1b6b23227d9000f423405a6e54d6b01cab1b5b81
1. shit earnings + EPS estimates cut from $6.4 to $5.3
2. higher leverage
3. Foodys downgrade: Ba1 (negative)
4. exit india
5. 5.1% short + Two Sigma holding a 2.42% short position.
6. London delisting (Jun 12, 2026)
What does it mean ? nothing , WC26 will skyrocket them
The Bet: FIFA World Cup will shoot revenue tailwind for FanDuel and international brands.
Next earnings are on 7 Aug 26.
Position:
https://preview.redd.it/z67sa3r3u19h1.png?width=670&format=png&auto=webp&s=7455432e0c286ece984b2f5a2be5f57f93d08542
FLUT has lost ~2/3 of its value in one year due to earnings cuts, higher leverage, Moody’s downgrade, India exit, and 5.1% short interest including a known short fund. The 2026 FIFA World Cup (WC26) is a near-term, high-impact catalyst that will boost sports betting revenue for FLUT’s FanDuel (US) and international operations, potentially reversing the negative momentum. The author believes the selloff is overdone and that the World Cup will act as a powerful revenue tailwind, making the stock a high-risk, high-reward contrarian play into the Aug 7 earnings report. Earnings estimates continue to fall; leverage remains high; Moody’s outlook could be further downgraded; World Cup revenue may already be priced in; short interest could increase if fundamentals don’t improve.