Key insights
- Flutter Entertainment (FLUT) has seen a significant stock price decline due to collapsing earnings estimates, increased leverage, and a credit rating downgrade. Despite these headwinds, the author speculates that the upcoming FIFA World Cup could provide a revenue tailwind, potentially boosting the stock. However, the fundamental issues of declining earnings and high debt present significant risks.
I saw my friend bet on Qatar vs Canada in the WC26, he made 6x
He was using this shit FLUT platform, so I dog into it.
They are Draftking but for retards, easy to use and user friendly.
The problem: earnings collapse + leverage
FLUT's decline is one of the more dramatic in the large-cap gaming space over the past year. The stock peaked near $314 in August 2025 and has since lost roughly two-thirds of its value. The driver is a combination of sharply deteriorating earnings estimates, rising leverage, and a Moody's credit outlook downgrade — all compounding each other.
The were trading around 300 now its a 100 in a single year, why?
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shit earnings + EPS estimates cut from $6.4 to $5.3
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higher leverage
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Foodys downgrade: Ba1 (negative)
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exit india
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5.1% short + Two Sigma holding a 2.42% short position.
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London delisting (Jun 12, 2026)
What does it mean ? nothing , WC26 will skyrocket them
The Bet: FIFA World Cup will shoot revenue tailwind for FanDuel and international brands.
Next earnings are on 7 Aug 26.
Position: