Flutter Entertainment plc (FLUT)
Flutter Entertainment plc operates as a sports betting and gaming company in the United States, the United Kingdom, Ireland, Australia, Italy, and internationally. It provides sportsbooks; iGaming products, such as blackjack, roulette, slot machines, poker, and rummy, as well as lottery products; and sports betting products, which include Betfair betting exchanges, daily fantasy sports, and horse racing wagering under the TVG brand. The company offers sports betting and gaming services through fanduel.com, tvg.com, betfair.com, paddypower.com, and paddypower.ie, sportsbet.com.au, pokerstars.com, betfair.com, sisal.it, maxbet.rs, and adjarabet.com websites under the FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, TVG, Adjarabet, and MaxBet brands, as well as live poker tours and events. It also provides business-to-business pricing and risk management services. The company was formerly known as Paddy Power Betfair plc and changed its name to Flutter Entertainment plc in 2019. Flutter Entertainment plc was incorporated in 1958 and is headquartered in New York, New York.
Sector: Services-Computer Programming, Data Processing, Etc.
Industry: Gambling, Resorts & Casinos
Flutter Entertainment plc
NYSE:FLUTConsumer Cyclical · Gambling, Resorts & Casinos
-1.96%$80.09
AH Close$80.09+0.00%vs close
AH Close$80.09+0.00%vs close
Mkt Cap$13.9B
Float140.86M
O/S173.54M
Inst Own82.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$16.38B
Net Income-$380M
Total Assets$29.28B
Free Cash Flow$1.08B
Debt & Equity
Debt 60%
Equity 40%
Total Debt$13.35B
Total Equity$9.04B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FLUT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$29.28B
Liabilities$19.58B
Accounts Receivable$613M
Accounts Payable$386M
Inventory$0
PP&E (Net)$1.18B
Goodwill$15.82B
Intangible Assets$7.02B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $16.38B | $14.05B | $11.79B | $9.46B | $8.31B | $6.04B | $2.73B |
| YoY Growth | 16.6% | 19.2% | 24.6% | 13.9% | 37.6% | 121.1% | - |
| Cost of Revenue | $8.98B | $7.35B | $6.2B | $4.81B | $3.88B | $2.1B | $1.16B |
| Gross Profit | $7.4B | $6.7B | $5.59B | $4.65B | $4.43B | $3.93B | $1.57B |
| Gross Margin | 45.2% | 47.7% | 47.4% | 49.1% | 53.3% | 65.1% | 57.6% |
| Research and Development | $991M | $820M | $765M | $552M | $634M | $260.38M | $67.74M |
| Selling, General, and Administrative | $5.86B | $5.01B | $5.37B | $4.19B | $4.24B | $2.69B | $1.29B |
| Other | $0 | $0 | $0 | $0 | $0 | $835.83M | $0 |
| Total Operating Expenses | $6.85B | $5.83B | $6.14B | $4.74B | $4.88B | $3.79B | $1.36B |
| Operating Income (EBIT) | $553M | $869M | -$549M | -$88M | -$449M | $141.54M | $215.86M |
| Operating Margin | 3.4% | 6.2% | -4.7% | -0.9% | -5.4% | 2.3% | 7.9% |
| Interest Expense | $595M | $498M | $430M | $219M | $222M | $191.75M | $19.93M |
| Interest Income | $73M | $71M | $45M | $7M | $7M | $1.91M | $1.31M |
| Other Income (Expense) | -$674M | -$853M | -$542M | -$207M | -$114M | -$140.03M | -$42.74M |
| Income Before Tax (EBT) | -$121M | $16M | -$1.09B | -$295M | -$563M | $1.5M | $173.12M |
| Income Tax Expense | $286M | -$146M | $120M | $75M | $194M | $48.96M | $30.36M |
| Net Income | -$380M | $109M | -$1.22B | -$432M | -$923M | $51.83M | $183.71M |
| Net Income Margin | -2.3% | 0.8% | -10.4% | -4.6% | -11.1% | 0.9% | 6.7% |
| Supplementary Data | |||||||
| EPS | -1.73 | 0.24 | -6.90 | -2.44 | -5.24 | 0.40 | 2.39 |
| Diluted EPS | -1.73 | 0.24 | -6.90 | -2.44 | -5.24 | 0.39 | 2.38 |
| Weighted Average OS | 179.00M | 178.00M | 177.00M | 177.00M | 176.00M | 132.85M | 80.31M |
| EBITDA | $1.98B | $1.6B | $624M | $999M | $669M | $1.18B | $518.72M |
| EBITDA Margin | 12.1% | 11.4% | 5.3% | 10.6% | 8.1% | 19.6% | 19.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $3.83B | $3.46B | $3.27B | $2.52B | $2.21B | $1.63B | $393.72M |
| Short-Term Investments | $23M | $130M | $172M | $166M | $112.42M | $113.18M | $0 |
| Cash and Short-Term Investments | $3.85B | $3.59B | $3.44B | $2.68B | $2.32B | $1.74B | $393.72M |
| Accounts Receivable | $613M | $491M | $328M | $266.8M | $168.76M | $123.16M | $24.91M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $29M | $262M | $0 | $336.33M | $0 | $0 | $0 |
| Total Current Assets | $4.8B | $4.34B | $3.98B | $3.49B | $2.66B | $2B | $479.29M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $1.18B | $1B | $900M | $844.68M | $611.4M | $494.7M | $395.04M |
| Goodwill | $15.82B | $13.35B | $13.74B | $13.06B | $12.66B | $13.01B | $5.46B |
| Intangible Assets | $7.02B | $5.36B | $5.88B | $7.07B | $6.6B | $7.56B | $739.87M |
| Long-Term Investments | $21M | $6M | $9M | $52.45M | $125.56M | $54.4M | $3.58M |
| Deferred Tax Assets | $309M | $267M | $24M | $80.83M | $11.11M | $10.12M | $15.76M |
| Other Long-Term Assets | $130M | $175M | $100M | $36.21M | $52.82M | $105.94M | $63.32M |
| Total Long-Term Assets | $24.48B | $20.16B | $20.66B | $21.15B | $20.06B | $21.23B | $6.68B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $29.28B | $24.51B | $24.64B | $24.64B | $22.72B | $23.23B | $7.16B |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $386M | $266M | $240M | $245.87M | $100.5M | $108.95M | $33.52M |
| Short-Term Debt | $239M | $172M | $174M | $144.23M | $93.05M | $101.84M | $388.02M |
| Current Income Tax Payable | $0 | $520M | $93.87M | $91.19M | $57.18M | $56.04M | $26.5M |
| Current Unearned Revenue | $0 | $0 | $0 | $1.68B | $976.56M | $879.5M | $237.4M |
| Other Current Liabilities | $4.42B | $4.03B | $3.69B | $1.57B | $1.37B | $1.37B | $418.36M |
| Total Current Liabilities | $5.04B | $4.59B | $4.53B | $3.99B | $2.81B | $2.71B | $1.17B |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $12.63B | $6.68B | $7B | $6.67B | $4.81B | $4.22B | $153.27M |
| Long-Term Unearned Revenue | $96M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.1B | $605M | $802M | $914.32M | $674.52M | $684.71M | $86.11M |
| Other Long-Term Liabilities | $229M | $935M | $580M | $249M | $200.32M | $382.61M | $17.62M |
| Total Long-Term Liabilities | $14.54B | $8.65B | $8.74B | $8.22B | $5.98B | $5.49B | $432M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $19.58B | $13.24B | $13.27B | $12.2B | $8.79B | $8.2B | $1.61B |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $36M | $36M | $36M | $582.93M | $646.89M | $3.39B | $567.39M |
| Retained Earnings | $8.12B | $9.57B | $10.11B | $11.28B | $13.3B | $11.47B | $4.69B |
| Comprehensive Income & Other | -$1.11B | -$1.93B | -$1.48B | $422.1M | -$52.82M | $194.11M | $84.39M |
| Other Stockholders' Equity | $878M | -$316M | -$98M | $421.86M | -$58.24M | $130.54M | $22.39M |
| Total Equity | $9.04B | $9.29B | $10.04B | $12.28B | $13.88B | $14.99B | $5.28B |
| Minority Interest | $660M | $1.97B | $1.32B | $154.33M | $50.79M | $42.1M | $271.44M |
| Total Liabilities and Equity | $28.62B | $22.53B | $23.31B | $24.48B | $22.67B | $23.19B | $6.88B |
| Supplementary Data | |||||||
| Total Debt | $13.35B | $7.4B | $7.53B | $7.2B | $5.2B | $4.52B | $716.29M |
| Net Debt | $9.52B | $3.94B | $4.26B | $4.68B | $2.99B | $2.89B | $322.58M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$407M | $162M | -$1.21B | -$370M | -$757M | -$47.29M | $146.72M |
| Depreciation & Amortization | $1.52B | $1.1B | $1.28B | $1.07B | $1.01B | $827.76M | $329.01M |
| Deferred Income Tax | -$145M | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $246M | $202M | $190M | $181M | $488M | $71M | $22.42M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $0 | -$11M | $23M | -$12M | -$17M | $24.67M | $17.18M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$20M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$411M | -$87M | $12M | $317M | -$136M | $381.73M | $73.56M |
| Total Working Capital Change | -$431M | -$98M | $35M | $305M | -$153M | $406.39M | $90.73M |
| Other Non-Cash Items | $404M | $239M | $638M | -$28M | -$35M | $102.78M | -$38.98M |
| Net Cash from Operating | $1.18B | $1.6B | $937M | $1.16B | $553M | $1.36B | $549.9M |
| Investing Activities | |||||||
| Capital Expenditures | -$105M | -$144M | -$159M | -$122M | -$122M | -$80.82M | -$57.69M |
| Acquisitions | -$2.69B | -$160M | $0 | -$2.1B | -$70M | $596.92M | -$139.77M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $10M | $0 | $0 | $0 | $0 | $3.02M |
| Other Investing Activities | -$2.3B | -$517M | -$443M | -$300M | -$62M | -$195.97M | -$112.63M |
| Net Cash from Investing | -$5.09B | -$811M | -$602M | -$2.52B | -$254M | $320.13M | -$307.08M |
| Financing Activities | |||||||
| Debt Repaid | -$5.2B | $264M | -$181M | -$2.05B | -$628M | $1.1B | -$327.79M |
| Common Stock Issuance | $7M | $30M | $13M | $9M | $18M | $2.66B | $4.72M |
| Common Stock Repurchases | -$1.12B | -$219M | -$212M | -$3M | -$252M | $0 | -$113.81M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | -$204.8M |
| Other Financing Activities | -$48M | -$16M | -$95M | -$269M | -$33M | -$2.43B | -$64.64M |
| Net Cash from Financing | $4.04B | -$469M | -$113M | $1.78B | $361M | -$1.03B | -$269.97M |
| Forex Effect | $192M | -$84M | $59M | -$120M | -$130M | $22.9M | $131K |
| Net Change in Cash | $323M | $238M | $281M | $309M | $530M | $675.01M | -$27.01M |
| Supplementary Data | |||||||
| Operating Cash Flow | $1.18B | $1.6B | $937M | $1.16B | $553M | $1.36B | $549.9M |
| Capital Expenditure | -$105M | -$661M | -$602M | -$429M | -$359M | -$289.06M | -$171.5M |
| Free Cash Flow | $1.08B | $941M | $335M | $734M | $194M | $1.07B | $378.4M |
| Cash at Beginning | $3.51B | $3.27B | $2.99B | $2.68B | $2.15B | $147.32M | $162.19M |
| Cash at End | $3.83B | $3.51B | $3.27B | $2.99B | $2.68B | $822.33M | $135.18M |