Flutter reshapes leadership as US expansion weighs on outlook
TL;DR Summary
Flutter Entertainment says CEO Peter Jackson will step down in October and will be replaced by Dan Taylor, as the group cautions that higher US investment will reduce near-term profits and trims revenue guidance by $395 million to $17.9 billion and EBITDA guidance by $210 million to $2.66 billion; shares fell after the announcement. The move comes as FanDuel faces competition from prediction markets, and Flutter accelerates US growth with bets and partnerships while continuing its global expansion.
Topics:business#business#dan-taylor#fanduel#flutter-entertainment-plc#peter-jackson#prediction-markets
- Flutter chief steps down as gambling group cuts guidance Financial Times
- Flutter shares plummet on earnings miss and another key leadership change CNBC
- Flutter CEO to Step Down as U.S. Sports-Betting Business Falters; Profit Outlook Cut WSJ
- Flutter Stock Falls After Earnings Miss Expectations, CEO Steps Down barrons.com
- Flutter Board announces CEO transition Flutter Entertainment
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