FanDuel US profit falls 94% to $3 million as Flutter spends on FanDuel Predicts
FanDuel's US adjusted EBITDA nearly disappeared in the third quarter of 2026, even as US revenue rose 6%. Flutter blamed spending on FanDuel Predicts and its Alberta launch, while FanDuel Casino's revenue growth slowed to 8%. The post FanDuel US profit falls 94% to $3 million as Flutter spends on FanDuel Predicts appeared first on ReadWrite .
In the third quarter of 2026, FanDuel's US adjusted EBITDA nearly vanished, while US revenue increased by 6%. Flutter attributed the decline to increased spending on its FanDuel Predicts product and the launch in Alberta. The US adjusted EBITDA dropped to $3 million, down from $51 million a year earlier, while revenue rose to $1.455 billion, up 6%.
Flutter blamed the high spending on FanDuel Predicts and the Alberta launch for the decline in FanDuel Casino's revenue growth, which slowed to 8%. The company lowered its full-year outlook for 2026 and paused buybacks to focus on organic investment and debt repayment. FanDuel Predicts saw a significant increase in trading volume, with 102% growth to $119 million, and reached 140,000 active users in October.
CEO Dan Taylor reiterated a $40 million adjusted EBITDA forecast for the prediction market for 2026. The company also reported a net loss of $1.148 billion for the quarter, up from $789 million a year earlier, including impairments from its departure from Brazil.
Written by urgent.news from ReadWrite's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
