FanDuel CEO Amy Howe Out As Flutter Q1 Earnings Beat Estimates

By Bill Speros

May 6th, 2026 4:59 PM EDT

FanDuel CEO Amy Howe has been fired after five years leading the sportsbook giant. The move came Tuesday as FanDuel's parent company reported Q1 2026 earnings that topped estimates. FanDuel President Christian Genetski replaces Howe. Her dismissal as FanDuel CEO is believed to be a top-down push from parent company Flutter Entertainment, driven by investor sentiment, Bookies.com has learned.

The FanDuel CEO story, first reported by CNBC’s Contessa Brewer and later confirmed by Bookies.com, broke just 2 hours before FanDuel's parent company reported its 2026 Q1 earnings. Flutter beat estimates, coming in at $1.27 per share, while revenue came in at $4.304 billion. Net income jumped 22% to $209 million.

The company reported the following:

US sportsbook improvement plan driving encouraging signs of recovery, in line with our expectations, with good progress made on generosity effectiveness, and phased roll-out of loyalty program commenced in April.

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The leadership change lands as Flutter’s stock has been hammered over the last year. It's not alone. Gaming-sector concerns, consumer spending, and anxiety on Wall Street over federally regulated prediction markets added to the mix.

The company lowered its 2026 guidance. Revenue was pegged at $18.305B, with adjusted EBITDA of $2.865B at the midpoint. Flutter's stock price jumped nearly 5% on the news from Tuesday's close.

DraftKings, FanDuel's chief rival in the U.S., reports Q1 earnings after the bell on Wednesday.

FanDuel: 'We Made Good Progress... Remains More To Do"

In the earnings report, Flutter CEO Peter Jackson noted the following:

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 growth.

While we made good progress during the quarter, there remains more to do to ensure the improving US sportsbook trends continue and we announced today the management changes we are making to best position us for our next phase of growth. The core fundamentals of our business remain strong, and I am confident that we have the right strategy, structure and global portfolio of local hero brands to capitalize on the significant long-term growth opportunity ahead. I look forward to further progress as we move through the rest of 2026.”

FanDuel’s struggles come despite remaining the dominant force in U.S. online sports betting. Howe helped guide the company through the explosive post-PASPA expansion era. She took Iver in 2021. She managed rapid growth across online sportsbooks and iGaming markets as more states legalized wagering.

The company’s future strategy has increasingly shifted toward prediction markets. That sector has roiled traditional sportsbook investors and regulators alike.

Late last year, FanDuel officially launched FanDuel Predicts. The in-house prediction-market platform aims to capitalize on event-contract business overseen federally by the Commodity Futures Trading Commission.

"We continue to view prediction markets as a very attractive, incremental opportunity providing an avenue to acquire customers ahead of sports betting regulation in new states. Our in-house expertise and capabilities place us in a strong position to capitalize on this opportunity in the long-term," Jackson said in the earnings report.

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Company Sees Potential Boost With World Cup

In the earnings report, Jackson noted the challenges ahead for FanDuel's sportsbook operations in the United States. He said the company "restructured the sportsbook team" to be "best positioned to deliver our plans."

"From a generosity perspective, we have been focused on delivering a customer-first proposition. This approach helped to drive better customer engagement with our early-win promotional campaign during March Madness, and opportunistic payouts to capture the social side of betting, which have resonated well," Jackson said.

He added that the company sees some positive developments in the second half of the year. They include an expanded rollout of its loyalty plan before the NFL season and the World Cup. That event begins on June 11 and ends on July 19.

"We continued to see only a limited cannibalization impact from prediction market operators on our sportsbook growth, consistent with our prior estimate of a low single-digit percentage effect on handle growth," Jackson said.

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About the Author

Bill Speros

More About Bill

Bill is an award-winning journalist and editor whose career includes stops at USA Today Sports Network / Golfweek, Cox Media, ESPN, Orlando Sentinel and Denver Post. He's been covering the North American regulated gambling market for almost a decade and has his finger on the pulse for all industry news involving sportsbooks, online casinos, prediction markets and more. Bill placed his first bet at age 11, and his first job was as a paper boy delivering the Boston Herald and Boston Globe. By age 16, he was playing blackjack and getting comped drinks on the Las Vegas Strip. When home, his weekend rotation included trips to Wonderland Greyhound Park and Raynham Greyhound Park. After 30 years in legacy media, Bill wedded his passion for journalism and storytelling with a lifetime of wagering by working at Gambling.com.

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