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Flutter Entertainment (FLUT)

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Earnings summaries and quarterly performance for Flutter Entertainment.

Research analysts who have asked questions during Flutter Entertainment earnings calls.

JB

Jordan Bender

JMP Securities

7 questions for FLUT

Also covers: AMC, BALY, BRAG +14 more
Monique Pollard

Monique Pollard

Citigroup Inc.

7 questions for FLUT

Also covers: CRRFY, TKAYF
Paul Ruddy

Paul Ruddy

Davy Group

7 questions for FLUT

Robert Fishman

Robert Fishman

MoffettNathanson

7 questions for FLUT

Also covers: CNK, DIS, DKNG +7 more
RS

Ryan Sigdahl

Craig-Hallum Capital Group

7 questions for FLUT

Also covers: ABG, CDRO, CNTY +21 more
JS

Joseph Stauff

Susquehanna Financial Group, LLLP

6 questions for FLUT

Also covers: BYD, CHDN, DKNG +9 more
AT

Andrew Tam

Redburn Atlantic

5 questions for FLUT

DP

Daniel Politzer

Wells Fargo

5 questions for FLUT

Also covers: BYD, CCL, CHDN +20 more
JK

Jed Kelly

Oppenheimer & Co. Inc.

5 questions for FLUT

Also covers: ABNB, BKNG, CARG +12 more
Clark Lampen

Clark Lampen

BTIG, LLC

4 questions for FLUT

Also covers: APP, DKNG, FUBO +7 more
Edward Young

Edward Young

Morgan Stanley

4 questions for FLUT

James Clark

James Clark

Barclays

4 questions for FLUT

Simon Davies

Simon Davies

Deutsche Bank AG

4 questions for FLUT

Barry Jonas

Barry Jonas

Truist Securities

3 questions for FLUT

Also covers: BALY, BRSL, BYD +17 more
BS

Ben Shelley

UBS Group AG

3 questions for FLUT

Brandt Montour

Brandt Montour

Barclays PLC

3 questions for FLUT

Also covers: BALY, BYD, CCL +23 more
CB

Chad Beynon

Macquarie

3 questions for FLUT

Also covers: ACEL, AGS, AMC +31 more
Ed Young

Ed Young

Morgan Stanley

3 questions for FLUT

John DeCree

John DeCree

CBRE

3 questions for FLUT

Also covers: BYD, CZR, FLL +10 more
WL

William Lampen

BTIG

3 questions for FLUT

Also covers: APP, DKNG, SGHC +1 more
Benjamin Shelley

Benjamin Shelley

UBS

2 questions for FLUT

DP

Dan Politzer

Wells Fargo

2 questions for FLUT

Also covers: BYD, CHDN, CHH +10 more
IM

Ian Moore

Bernstein Research

2 questions for FLUT

Also covers: DKNG, FWONA, LYV +1 more
James Wheatcroft

James Wheatcroft

Jefferies

2 questions for FLUT

JS

Jeff Stantial

Stifel

2 questions for FLUT

Also covers: BRSL, CDRO, CHDN +1 more
JS

Joe Stauff

Susquehanna

2 questions for FLUT

Also covers: BRSL, CHDN, DKNG +4 more
JT

Joseph Thomas

HSBC

2 questions for FLUT

Also covers: TVTX
RS

Richard Stuber

Deutsche Bank

2 questions for FLUT

RF

Robin Farley

UBS

2 questions for FLUT

Also covers: CCL, CHH, CUK +17 more
SK

Shaun Kelley

Bank of America Merrill Lynch

2 questions for FLUT

Also covers: BYD, CHDN, CHH +17 more
Stefanos Crist

Stefanos Crist

Needham & Company, LLC

2 questions for FLUT

Also covers: CART, RDFN, RSI +1 more
Bernard McTernan

Bernard McTernan

Needham & Company

1 question for FLUT

Also covers: APP, BBBY, BYON +17 more
Max Marsh

Max Marsh

CBRE Group, Inc.

1 question for FLUT

Also covers: BYD, RHP, VICI

Recent press releases and 8-K filings for FLUT.

Flutter Entertainment Reports Strong Q4 2025 Results and Provides 2026 Guidance
FLUT
Earnings
Guidance Update
New Projects/Investments
  • Flutter Entertainment reported strong Q4 2025 group performance with revenue up 25% and Adjusted EBITDA up 27%, contributing to full-year 2025 revenue growth of 17% and Adjusted EBITDA growth of 21%.
  • The U.S. segment demonstrated robust growth in Q4 2025, with revenue increasing 33% and Adjusted EBITDA rising 90%, maintaining a clear leadership position in online sports betting and iGaming.
  • The company provided 2026 guidance, projecting U.S. revenue of $7.8 billion and Adjusted EBITDA of $1.05 billion, alongside International revenue of $10.6 billion and Adjusted EBITDA of $2.23 billion.
  • Flutter launched FanDuel Predicts in Q4 2025 and plans to invest closer to $300 million in prediction markets in 2026, aiming to capitalize on new market opportunities and customer acquisition.
  • The company completed $1 billion in share repurchases for the full year 2025 and expects to commence returning $250 million in H1 2026, while ending the year with a leverage ratio of 3.7 times.
1 day ago
Flutter Entertainment Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
FLUT
Earnings
Guidance Update
Share Buyback
  • Flutter Entertainment reported strong Q4 2025 group revenue growth of 25% and Adjusted EBITDA growth of 27%, contributing to full-year 2025 group revenue up 17% and Adjusted EBITDA 21% higher.
  • The U.S. segment saw significant growth in Q4, with revenue up 33% and Adjusted EBITDA 90% higher, driven by strong iGaming and FanDuel Sportsbook performance.
  • For 2026, the company expects U.S. revenue of $7.8 billion (12% year-over-year growth) and Adjusted EBITDA of $1.05 billion (14% growth), alongside international revenue of $10.6 billion (13% growth) and Adjusted EBITDA of $2.23 billion (1% growth).
  • Flutter completed $245 million in share repurchases in Q4, totaling $1 billion for full-year 2025, and plans to return $250 million in H1 2026.
  • Despite strong Q4 results, the U.S. business experienced moderating handle performance and higher customer churn due to persistently high NFL gross revenue margins and a less compelling NFL season, leading to a loss of market share. The company plans to address this with product enhancements, generosity strategy adjustments, and a new loyalty program.
1 day ago
Flutter Entertainment Reports Strong Q4 2025 Results and Provides 2026 Guidance
FLUT
Earnings
Guidance Update
New Projects/Investments
  • Flutter Entertainment reported a strong Q4 2025, with group revenue increasing by 25% and adjusted EBITDA growing 27%. The company also completed $245 million in share repurchases during Q4, bringing the full-year 2025 total to $1 billion.
  • For 2026, the company projects U.S. revenue of $7.8 billion and adjusted EBITDA of $1.05 billion, alongside International revenue of $10.6 billion and adjusted EBITDA of $2.23 billion.
  • Strategic investments for 2026 include approximately $300 million in prediction markets and $70 million in Brazil, while targeting $300 million in cost savings by 2027.
  • Operational successes in Q4 2025 included a strong Missouri launch, Flutter regaining online market leadership in SEA, and FanDuel's casino business reaching a record 28% market share.
1 day ago
Flutter Entertainment Reports Q4 and Full Year 2025 Results
FLUT
Earnings
Guidance Update
M&A
  • Flutter Entertainment reported Q4 2025 revenue of $4,737 million, a 25% increase year-over-year, and full-year 2025 revenue of $16,383 million, up 17% year-over-year.
  • The company posted a net loss of $407 million for the full year 2025, primarily due to a $556 million non-cash impairment charge from Indian regulation changes, while Q4 2025 Adjusted EBITDA increased 27% to $832 million.
  • Flutter provided full-year 2026 guidance, projecting Group revenue of $18.4 billion and Group adjusted EBITDA of $2.97 billion at the midpoints, representing year-over-year growth of 12% and 4%, respectively.
  • The company maintained US market leadership with a 41% sportsbook GGR share and 28% iGaming GGR share in Q4 2025, and launched FanDuel Predicts to expand its addressable market.
1 day ago
Flutter Entertainment and Online Gambling Market Outlook
FLUT
M&A
New Projects/Investments
  • The online gambling market is projected to grow from $130.2 billion in 2025 to $143.17 billion in 2026, and further to $212.44 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.4% from 2026-2030.
  • This market expansion is primarily driven by factors such as the expansion of high-speed internet access, legalization of online betting, pervasive smartphone use, and advancements in digital payment infrastructure.
  • In a significant strategic move, Flutter Entertainment plc acquired Snaitech S.p.A. for €2.3 billion in April 2025 to boost its influence in Italy's regulated online gambling sector.
  • Regionally, Asia-Pacific emerged as the largest market for online gambling in 2025, with Eastern Europe projected to be the fastest-growing region.
Feb 13, 2026, 10:35 AM
Flutter Entertainment plc Receives Major Holdings Notification from Bank of America Corporation
FLUT
  • Flutter Entertainment plc received notifications from Bank of America Corporation regarding its major holdings, as disclosed on January 28, 2026.
  • As of January 27, 2026, Bank of America Corporation's total voting rights in Flutter Entertainment plc reached 13.250721%, consisting of 1.194393% attached to shares and 12.056328% through financial instruments.
  • This latest position reflects an increase from the 12.885067% reported on January 26, 2026, which itself was an increase from 5.695067%.
Jan 28, 2026, 4:27 PM
Flutter Entertainment plc: BlackRock, Inc. Notifies Change in Major Holdings
FLUT
  • BlackRock, Inc. has notified Flutter Entertainment plc of a change in its major holdings.
  • The notification, dated January 14, 2026, indicates a disposal of voting rights by BlackRock, Inc..
  • As of January 13, 2026, BlackRock, Inc.'s total voting rights in Flutter Entertainment plc fell below 5%, having previously been 5.000000%.
Jan 15, 2026, 4:05 PM
Flutter Entertainment plc: BlackRock, Inc. crosses major holdings threshold
FLUT
  • BlackRock, Inc. has notified Flutter Entertainment plc of an acquisition or disposal of voting rights, crossing a major holdings threshold.
  • As of January 12, 2026, BlackRock, Inc. holds a total position of 5.00% of Flutter Entertainment plc's voting rights, an increase from its previous position of below 5%.
  • This 5.00% total position comprises 4.19% voting rights attached to shares and 0.81% voting rights through financial instruments.
Jan 14, 2026, 4:05 PM
Flutter Entertainment plc: BlackRock, Inc. Notifies Change in Major Holdings
FLUT
  • BlackRock, Inc. notified Flutter Entertainment plc of an acquisition or disposal of voting rights.
  • The threshold for this change was crossed on December 19, 2025, and the issuer was notified on December 22, 2025.
  • Following this notification, BlackRock, Inc.'s total voting rights in Flutter Entertainment plc are now Below 5%.
  • The position of the previous notification indicated total voting rights of 5.03%, consisting of 4.42% attached to shares and 0.61% through financial instruments.
Dec 23, 2025, 4:30 PM
Flutter Entertainment's FanDuel Launches Mobile Sportsbook in Missouri
FLUT
Product Launch
New Projects/Investments
  • FanDuel, a subsidiary of Flutter Entertainment, launched its mobile sportsbook in Missouri on December 1, 2025, marking the 25th state or territory where the company offers mobile sports betting.
  • The launch is accompanied by $600,000 in community investments, including $300,000 to Guns 'N Hoses in St. Louis and $300,000 to the Veterans Community Project in Kansas City.
  • New customers in Missouri can receive $300 in Bonus Bets when they make a first wager of at least $5.
Dec 1, 2025, 2:12 PM