Flutter Entertainment CEO Peter Jackson has said the group will sharpen execution in the US after a first quarter marked by slower FanDuel growth, weaker net income and a change in leadership at its flagship American business.
Speaking during a JP Morgan fireside chat after Flutter’s Q1 results, Jackson said the company had not operated as effectively as it should have in parts of the US business. “There’s a bunch of organisational changes that we’ve made, which I think really will sharpen our focus on execution and delivery,” he said.
Flutter reported group revenue of $4.3bn for Q1 of 2026, up 17% YoY. Net income fell 38% to $209m and average monthly players declined 3% to 14.4m.
The results were accompanied by the departure of Amy Howe as CEO of FanDuel after five years in the role. Christian Genetski, FanDuel’s President, will now lead the US business, while Dan Taylor has been appointed to the newly-created role of President of Flutter Entertainment, giving him oversight of FanDuel in addition to his existing responsibilities.
The US remains central to Flutter’s investment case. FanDuel generated $1.7bn in US revenue during Q1, compared with $1.6bn a year earlier. However, US adjusted EBITDA fell, reflecting higher costs, tax changes and investment in new markets.
Flutter is seeking to improve performance through more targeted customer investment. FanDuel launched a Casino Rewards Club in selected markets last year and has since extended loyalty activity into selected regulated sports betting markets. The operator plans to expand the programme across licensed online sports wagering markets before the start of the 2026 NFL season.
Rob Coldrake, Flutter’s CFO, said the company has identified inefficiencies in its generosity strategy and is working to improve returns from promotional investment. Jackson said the customer-led approach will become a greater focus, particularly as FanDuel seeks to maintain iGaming momentum.
Prediction markets are also becoming a more visible part of Flutter’s US strategy. FanDuel launched FanDuel Predicts with CME Group in December 2025, initially in five states, with phased expansion planned through early 2026. SBC Americas reported that Flutter expects to commit $60-$70m to prediction market activity by the end of the year.
For Flutter, the immediate priority is more conventional: restoring confidence in FanDuel’s execution. The company remains one of the strongest operators in US online betting, but Q1 showed that scale alone is not enough to shield it from higher taxes, market launch costs, promotional inefficiency and regulatory complexity. The leadership changes suggest Flutter wants tighter control of the US business at group level.
The test now is whether FanDuel can convert its market position into more consistent earnings growth while defending share in sports betting, accelerating iGaming and navigating the increasingly contested prediction markets sector.
