Flutter Entertainment Plc · NYSE:FLUT
Flutter Entertainment — Q3 2026 Earnings Presentation
15 slides from Flutter Entertainment's earnings presentation, Nov 4, 2026
Slide 1: Q3 2026 Results Supplemental Materials
Exhibit 99.2 Q3 2026 RESULTS SUPPLEMENTAL MATERIALS NOVEMBER 4, 2026
Slide 2: Legal disclaimer
Legal disclaimer Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement
Slide 3: Q3 Financial Summary
Q3 Financial Summary 3 US Intl Corporate Q3 YoY 1 +12% (8%) AMPs 13.7m (3%) +6% flat Revenue $3,874m +2% 2 (94%) (14%) flat Adj EBITDA $360m (25%) Free cash flow incl. capex ($91m) (22%) 2 and ex player funds 2 Adj loss per share ($0.18) (111%) 1. Average Monthly Players (“AMPs”) is defined as the a
Slide 4: Progress made on sportsbook improvement plan
US sportsbook Prediction Markets International Group US sportsbook Progress made on sportsbook improvement plan Value proposition Rich product development roadmap Rewards club Bet Protect+ Improved cashout Bet sharing Live for 100% customers from Enhance with automated Significant reduction in live-
Slide 5: Good progress is producing tangible results
US sportsbook Prediction Markets International Group US sportsbook Good progress is producing tangible results Key customer outcomes… …delivering improved growth trends YoY growth Improvement in generosity 7ppt 1 +13% perception +9% +8% Increase in player frequency +6% 4% +5% +4% +3% +2% Increase in
Slide 6: FanDuel Predicts & market-making
US execution Prediction Markets International Group FanDuel Predicts & market - making Rapid progress against plans set out at Q2 Q4 improvements to deliver a more Key milestones hit since Q2 competitive product by year-end • Continued sports market expansion Rapidly scaled market-making • Shared wi
Slide 7: International: Benefits of scale and diversification
US execution Prediction Markets International Group International Benefits of scale and diversification 1 SEA +13% UKI +4% Brazil (31%) APAC (4%) CEE +10% 4 • Extended #1 Italian • Extended #1 market • Previously disclosed • Clear market leader• Market share gains 2 3 online market position position
Slide 8: SEA: Extending #1 position in Italian online market
US execution Prediction Markets International Group SEA Extending #1 position in Italian online market Continued outperformance in Italy Upgraded Snai proposition 1 Italy online revenue growth Launch of Snai Sport Revamped Casino +25% +23% +17% +16% +15% +14% +12% +9% +6% Q1 2026 Q2 2026 Q3 2026 Flu
Slide 9: UKI: Shared UKI platform unlocking commercial value
US execution Prediction Markets International Group UKI Shared UKI platform unlocking commercial value Delivering innovation at pace Resulting in strong levels of engagement Q3 AMP growth Targeted generosity driving Sports Bet Builder mix +18% 1 +3pp to 19% +12% +10% +8% +7% The Big Drop jackpot sup
Slide 10: Cost transformation
US execution Prediction Markets International Group Cost transformation Reshaping how we operate; designed to increase pace and agility 1 $300m Phase I Cost Transformation Key steps taken 2 • UKI restructure announced $200m UK tax mitigation UK tax • Reducing fixed costs and increasing agility mitig
Slide 11: Significant refinancing benefits delivered
US execution Prediction Markets International Group Significant refinancing benefits delivered Refinanced TLA and RCF facilities driving cost savings and flexibility 1 Debt maturity profile Strengthens debt maturity profile 1 $3.6bn • RCF & Term Loan A maturities extended from November 2028 to May 2
Slide 12: Appendices
APPENDICES =lutter
Slide 13: Group adjusted EBITDA and adjusted earnings per share
Group adjusted EBITDA and adjusted earnings per share See below a reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin to net income, the most See below a reconciliation of adjusted earnings per share to diluted comparable GAAP measure earnings per share, the most comparable GAAP measure $m
Slide 14: Free cash flow including financing capex and excluding player funds
Free cash flow including financing capex and excluding player funds See below a reconciliation of free cash flow including financing capex and excluding player funds to net cash provided by operating activities, the most comparable GAAP measure. $m Q3 2026 Q3 2025 Net cash provided by operating acti
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