Flutter Entertainment posted stronger first-quarter revenue growth Tuesday as the gambling company moved to tighten its focus on the U.S. business with a major management reshuffle centered around FanDuel.
The company behind FanDuel, Paddy Power, Betfair and PokerStars said revenue climbed 17% during the opening three months of 2026. Growth was supported by recent acquisitions in Italy and Brazil, continued strength in online casino gaming and more favorable sports betting results than the same stretch last year. Net income declined as the company absorbed higher financing expenses and integration costs related to recent deals.
Most of the attention, though, centered on leadership changes. Flutter said Dan Taylor, who currently runs the international division, will become president of Flutter Entertainment in a newly created role that gives him oversight of FanDuel while keeping his existing responsibilities. FanDuel president Christian Genetski will now oversee the broader U.S. operation.
The reorganization follows the departure of FanDuel CEO Amy Howe, who had led the sportsbook operator since 2021.
Chief Executive Peter Jackson said the company believes the new structure will help Flutter respond faster as competition across U.S. sports betting continues to intensify.
The US market, and FanDuel’s leading position within it, represents one of the most significant growth opportunities in our industry,” Jackson said. “It is essential that we have the right structure and leadership in place to fully capitalize on it.”
Jackson said Taylor’s experience scaling international operations made him “ideally suited” for the expanded role, while Genetski had been “instrumental” in building FanDuel into the market leader.
Prediction markets remain a priority
Flutter has been trying to regain momentum at FanDuel’s sportsbook business after customer activity weakened late last year. The company said U.S. sportsbook revenue increased only modestly from a year ago as customer churn and softer betting activity continued to weigh on results.
Executives said conditions improved as the quarter progressed, helped by promotional adjustments, stronger March Madness engagement and the rollout of a new sportsbook loyalty program.
FanDuel expands prediction market push
Flutter is also investing heavily in prediction markets through FanDuel Predicts, expanding the platform into states including California, Texas and Florida, where traditional sportsbooks remain restricted. The company recently signaled plans to continue building the product ahead of the next NFL season as competition grows around event-based wagering products.
FanDuel has also continued broadening its online gaming business beyond sports betting. The company recently received approval for a shared multi-state poker network in Michigan, allowing players to compete across state lines with users in New Jersey and Pennsylvania.
Flutter narrows focus on core gaming products
Flutter has additionally moved to shut down FanDuel TV Extra and its Picks platform as it redirects investment toward sportsbook, casino and prediction market products.
Flutter slightly lowered its full-year outlook, citing unfavorable sports outcomes and additional investment tied to prediction markets and its Arkansas launch. Even so, the company said it still expects double-digit revenue growth this year while reviewing its London Stock Exchange listing alongside its primary New York listing.
Featured image: Flutter Entertainment
The post Flutter restructures FanDuel leadership as Q1 revenue rises 17% appeared first on ReadWrite.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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