TLDR FanDuel CEO Amy Howe is leaving and will be replaced by President Christian Genetski as Flutter restructures its U.S. management team Flutter Q1 revenue hit $4.3 billion, up 17% year-over-year, but U.S. sportsbook revenue grew just 1% while iGaming surged 19% FanDuel’s average monthly players dropped 6% and sportsbook handle fell 9%, partly blamed on customer-friendly NFL results FanDuel Predicts expanded nationwide with prediction market contracts now live in 18 non-sportsbook states including California, Texas, and Florida Flutter lowered its full-year 2026 guidance, now expecting revenue of $18.3 billion and adjusted EBITDA of $2.87 billion
Flutter Entertainment reported its first quarter 2026 earnings this week, and the biggest headline was a leadership change at FanDuel. CEO Amy Howe is stepping down from the role.
FanDuel President Christian Genetski will take over as CEO. Flutter also promoted its International CEO Dan Taylor to a newly created role of President of Flutter Entertainment.
Group CEO Peter Jackson said the changes are meant to keep the company “as agile, focused, and well-positioned as possible.” He told analysts that “now is the right time for us to put in place new leadership in the business.”
Jackson stressed there is “no change in our strategy or posture of the business.” The restructuring is focused on sharpening execution in the U.S. sportsbook market.
Flutter reported group revenue of $4.3 billion for Q1, a 17% increase compared to a year ago. Adjusted EBITDA came in at $631 million, up 2%.
U.S. revenue reached $1.76 billion, up 6%. But the numbers underneath told a more complicated story.
Sportsbook revenue grew just 1% year-over-year to $1.14 billion. iGaming revenue, on the other hand, jumped 19% to $564 million.
Sportsbook Struggles Traced to NFL Season
FanDuel’s sportsbook entered 2026 with a smaller customer base than expected.