FanDuel owner Flutter drops 9% in after hours trading after Q4 earnings miss

>**Flutter Q4 Results** >Flutter reported fourth-quarter revenue of $4.74 billion, up 25% year-over-year. The revenue missed a Street consensus estimate of $4.97 billion, according to data[ from Benzinga Pro](https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent022626&t=be2bearmibe3na1). >The company reported quarterly earnings per share of $1.74, missing a Street consensus estimate of $1.99. >Flutter ended the quarter with 15.07 million average monthly players, up 3% year-over-year. >For the U.S. segment with FanDuel, the company reported 41% market share for online sportsbooks and 28% market share for iGaming. Revenue for the U.S. segment was up 33% year-over-year in the fourth quarter, with 35% growth for sportsbook revenue and 32% growth for iGaming. >International revenue was up 17% year-over-year, with sportsbook revenue up 6% and iGaming up 31%. >"Flutter delivered strong 2025 results. Our unparalleled global scale and ongoing product innovation helped us reach almost 40 million customers across our portfolio of market-leading, local hero brands during the year," Flutter CEO Peter Jackson said. > >**Prediction Markets Launch** >Flutter launched its FanDuel Predicts in the U.S. in December. The platform allows sports-based markets in 18 states and non-sports markets in all 50 states. >"Prediction markets are a significant incremental growth opportunity for FanDuel. We believe the emergence of prediction markets will accelerate the path to state regulation of online sports betting and iGaming," Jackson said. >Jackson called prediction markets the "most valuable long-term opportunity in the U.S." >The Flutter CEO said prediction markets will grow the total addressable market and help increase the reach of sports markets to users in states without legal online sportsbook options. >"We are exceptionally well-positioned to harness this opportunity given the nationwide strength of the FanDuel brand and our sports betting expertise." >The comments are similar to those of sportsbook company DraftKings Inc [(NASDAQ:](https://www.benzinga.com/quote/DKNG)[DKNG](https://www.benzinga.com/quote/DKNG)), which [highlighted prediction markets ](https://www.benzinga.com/markets/earnings/26/02/50597887/draftkings-stock-drops-on-q4-results-despite-earnings-beat)as a growth opportunity and not as a competitive threat. The market may think otherwise with shares trading down after results and guidance. > >**What's Next for Flutter** >Flutter sees fiscal 2026 revenue totaling $18.4 billion, up 12% year-over-year. The revenue guidance is split as $7.8 billion for the U.S. segment and $10.6 billion for the International segment, up 12% and 13%, respectively, year-over-year. >The company highlighted the opportunity it has for the 2026 FIFA World Cup, based on its global reach and strong market share in the U.S. >"We enter the year with high confidence and conviction behind our plans," Jackson said. > >**Flutter Entertainment Stock Price Action** >Flutter shares are down 9.45% to $111.50 in after-hours trading on Thursday, hitting new 52-week lows versus a 52-week trading range of $114.74 to $313.69. [https://finviz.com/news/324421/flutter-entertainment-stock-hits-52-week-lows-on-q4-results-heres-what-company-said-about-prediction-markets](https://finviz.com/news/324421/flutter-entertainment-stock-hits-52-week-lows-on-q4-results-heres-what-company-said-about-prediction-markets)