By Christopher Kuo

FanDuel Chief Executive Amy Howe has left the company after five years at the helm of the gambling platform as part of broader executive changes at parent company Flutter Entertainment.

Howe, who led the sports-betting company since 2021, will be succeeded by Christian Genetski, FanDuel's president, the company said Wednesday. Genetski has been with FanDuel since 2015.

Meanwhile, Dan Taylor, CEO of Flutter International, will assume the newly created role of president of Flutter Entertainment.

Howe presided over FanDuel during a boom in sports betting, even as the rise of prediction-market companies posed increasing competition, and smaller players such as DraftKings and BetMGM gained market share.

In a letter to shareholders Wednesday, Flutter Chief Executive Peter Jackson said he wants to ensure that the company remains agile and well positioned in the gambling space. He said the U.S. in particular presents one of the most significant growth opportunities, and that the company needs the right leadership and structure in place to capitalize on it.

"With significant growth potential ahead, we have decided this is the right moment for new leadership at FanDuel," Jackson said.

The news of the leadership changes came shortly before Flutter posted lower first-quarter profit as its number of average monthly players declined.

The company said average monthly players fell 3% to 14.4 million in the first quarter.

FanDuel exited 2025 with a smaller customer base than anticipated, which continued to impact growth during the quarter, with sportsbook average monthly players 6% lower year over year

The company also lowered its outlook for full-year revenue. It now expects revenue to be $18.31 billion, compared with previous guidance of $18.4 billion. Analysts polled by FactSet are expecting $18.35 billion in full-year revenue.

For the quarter ended March 31, Flutter reported net income attributable to shareholders of $218 million, or $1.23 a share, compared with $283 million, or $1.57 a share, a year earlier.

Revenue rose 17% to $4.3 billion. Analysts were expecting $4.24 billion.

Write to Christopher Kuo at chris.kuo@wsj.com

-0-

(MORE TO FOLLOW) Dow Jones Newswires

May 06, 2026 17:19 ET (21:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.