Amy Howe has stepped down as CEO of FanDuel after five years, according to sources familiar with the matter. Christian Genetski, FanDuel's president, will succeed her.
Shares of FanDuel's parent company Flutter fell approximately 2.5% in afternoon trading following the news. The stock has declined nearly 60% over the past year amid broader sell-offs in gaming stocks.
Financial Context
In February, Flutter issued 2026 guidance that missed Wall Street expectations. CEO Peter Jackson stated the company plans to invest $300 million in FanDuel Predicts, which contributed to lower projections for 2026. Jackson also noted softer Q4 performance and the need for increased marketing spending.
Background
Howe, a former executive at Live Nation and McKinsey, led FanDuel since 2021. She oversaw its expansion during a period of growth in sports gambling across multiple states. She advocated for responsible gaming practices, such as avoiding advertising in college stadiums and NIL deals with college athletes.