{
  "id": 18729873,
  "title": "FanDuel US profit falls 94% to $3 million as Flutter spends on FanDuel Predicts",
  "url": "https://urgent.news/2026/11/07/fanduel-us-profit-falls-94-to-3-million-as-flutter-spends-on-fanduel",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T07:18:49.000Z",
  "source": {
    "name": "ReadWrite",
    "slug": "readwrite",
    "url": "https://readwrite.com/fanduel-us-profit-falls-94-to-3-million-as-flutter-spends-on-fanduel-predicts/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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 .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}