Flutter Entertainment has announced that FanDuel will enter a new period of transition following the departure of Amy Howe as Chief Executive Officer of its North America business.
The leadership change accompanies the NYSE/LSE gambling group’s Q1 2026 results, as Flutter seeks to re-engineer FanDuel’s position across US sportsbook, iGaming and its entry into prediction markets.
FanDuel quickly became Flutter’s biggest asset and revenue generator in the years since its acquisition in 2019. However, Flutter’s share price has been struggling lately, dropping 54% since the start of 2026, prompting senior leadership changes.
Howe will be replaced by Christian Genetski as FanDuel CEO. Genetski had previously held the role of President and has been working with FanDuel since 2015.
Another leadership change sees Dan Taylor, CEO of Flutter International, take on the newly created role of President of Flutter Entertainment, working closely with Group CEO Peter Jackson.
“I would like to thank Amy for her contribution to Flutter and FanDuel and recognise the impact she has had on the business since joining in 2021,” Jackson said, announcing Howe’s departure.
“During this time, FanDuel has experienced periods of strong performance alongside meaningful change and transformation. We wish her every success for the future.”
The reasons for Howe’s departure were not made clear during the announcement. However, an SEC filing confirming the leadership changes for federal regulators noted that Howe would receive a $4.37m severance package – the equivalent of 24 months of salary and potential bonus – to be paid over the next 12 months.
This is in addition to a vesting schedule for a series of Flutter stock options that Howe had acquired during her tenure as CEO.
Positive start to 2026
Group accounts, covering both US and International operations, detailed a positive start to 2026 trading, with Flutter reporting corporate revenues of $4.3bn, up 17% on Q1 2025 comparatives of $3.66bn.
Headline growth was achieved despite Flutter recording a 3% decline in average monthly players to 14.3 million, a metric continuing to adjust following the closure of the Junglee India business in August 2025.
Benefitting from advanced M&A integrations within its International division and a “positive swing” in sports results, Flutter posted adjusted EBITDA of $630m, up 2% on Q1 2025’s $616m.
However, period trading saw net income decline by 38% to $209m (Q1 2025: $335m), as accounts were impacted by higher operating costs, amortisation charges linked to acquisitions, and restructuring costs within the US business. Elevated expenses also led to Flutter’s interest-related payments doubling to $156m.
Despite continued bottom-line pressures, Flutter highlighted improved profitability metrics, with cash flow from operating activities of $333m, up from $188m in Q1 2025.
Peter Jackson commented: “Flutter’s Q1 performance was encouraging, with Group revenue increasing 17% year-on-year. This reflected positive signs from our US sportsbook improvement plan, where performance was ahead of our expectations in March. Group performance also benefited from our local hero acquisitions in Italy and Brazil, and excellent underlying SEA (Southern Europe and Africa) growth.”
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