FanDuel CEO Amy Howe Leaves Company, Christian Genetski to Lead U.S. Business

• After five years as FanDuel chief executive officer, Amy Howe has left the company
• Current FanDuel President Christian Genetski will take over as new CEO
• Flutter Entertainment reported a 17% revenue increase year-over-year during today’s Q1 earnings call

FanDuel Chief Executive Officer Amy Howe, who has held the position since 2021, will be leaving the company and will be succeeded as CEO by current FanDuel President Christian Genetski, Flutter Entertainment CEO Peter Jackson announced today during the company’s Q1 earnings call.

Additionally, Dan Taylor, current CEO of Flutter International, will assume the newly created role of President of Flutter Entertainment, taking on oversight of the FanDuel business in addition to his existing responsibilities.

“I would like to thank Amy for her contribution to Flutter and FanDuel, and recognize the impact she has had on the business since joining in 2021. We wish her every success for the future,” Jackson said during the company’s Q1 earnings call.

Sharpen Focus on U.S. Sportsbook

The restructuring will allow FanDuel to “sharpen its focus on U.S. sportsbook,” Jackson said. Genetski is an “exceptional” leader and has been instrumental in scaling the business to its current number one position in the market, he said.

“These changes will sharpen focus on U.S. sportsbook, strengthen the connection between our U.S, and International operations, and fully leverage the group’s expertise and strategic ambition,” he said.

In Q1, U.S. revenue grew to $1.76 billion, an overall increase of 6%, with sportsbook revenue up 1% year-over-year and iGaming revenue increased by 19%. Sportsbook currently hold a 39% gross gaming revenue share in the U.S. market, Jackson noted, while iGaming hold a 19% gross gaming revenue market share.

However, adjusted EBITDA was $199 million in Q1, a 26% reduction year-over-year after sports betting investments in Arkansas and investments in FanDuel Predicts.

“Flutter’s Q1 performance was encouraging, with Group revenue increasing 17% year‑on‑year. This reflected positive signs from our U.S. 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 U.S. 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,” Jackson said.

Overall, international revenue came in at $2.54 billion in Q1, a 27% increase year-over-year. In total, Flutter Entertainment revenues increased by 17% to $4.3 billion in Q1 compared with $3.66 billion in Q1 2025.

FanDuel Predicts Revenues “Modest”

Jackson reported FanDuel’s continued focus on the prediction markets with its FanDuel Predicts product has resulted in “modest” revenues during Q1. However, it remains an attractive, incremental opportunity to acquire customers ahead of sports betting legalization in new states.

In Q1, FanDuel Presidents was expanded nationwide with sports contracts available for trading in 18 non-sportsbook states, including California, Texas, and Florida.

Flutter continues to expect between a $250 million to $300 million investment in FanDuel Predicts throughout the year.

When asked about the legal questions surrounding the prediction markets, Jackson said the company will “live with this uncertainty” until the Supreme Court ultimately makes a decision on who regulates the markets.

“I’m excited about the incremental opportunities this present to us,” he said.