The company posted Q2 earnings of $0.49 a share versus expectations of $0.60, and Peter Jackson's departure added to investor pressure.
Flutter Entertainment shares fell 13% after the company reported a sharp second-quarter earnings miss and disclosed CEO Peter Jackson's departure. Q2 earnings came in at $0.49 per share, below the expected $0.60, a result that weighed on investor sentiment and amplified the market impact of the leadership change.