Flutter Entertainment (FLUT)
NYSEMarket Open
Flutter Entertainment plc is a global sports betting and online gaming company with a portfolio of major consumer brands across regulated markets. The business traces its modern form to the 2016 merger of Paddy Power and Betfair, which combined a well-known retail and online bookmaker with a betting exchange and digital wagering platform. Since then, Flutter has expanded into one of the largest operators in global online gambling.
The company’s leading brands include FanDuel in the United States, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet in Australia, and Sisal in Italy. These brands give Flutter strong positions in several of the world’s most competitive betting markets, with products covering online sportsbook, iGaming, fantasy sports, racing, and related entertainment formats. As of December 31, 2025, Flutter offered products in more than 100 countries and had an average of 15.9 million monthly users.
Flutter’s revenue mix reflects the scale of its sportsbook and gaming operations. In 2025, sports betting accounted for 53% of revenue, online gaming contributed 44%, and fantasy sports, horse racing, and other activities made up the remaining 3%. The company also launched a predictive sports betting platform in late 2025, adding to its technology-led product development.
Flutter is distinctive for combining local betting brands with shared technology, risk management, data analytics, and product expertise. Its performance depends on customer acquisition, regulatory conditions, sports results, responsible gambling requirements, and the continued shift from retail betting to digital channels. For investors, FLUT represents a broad, international play on regulated online wagering and gaming.
Last updated
- Market Cap
- $17,801,641,083
- P/E
- —
- P/FCF
- 19
- P/S
- 1.04
- Enterprise Value
- $28,216,641,083
- Sector
- Consumer Discretionary
- Industry
- Casinos & Gaming
- Address
- ONE MADISON AVENUE, NEW YORK, NY, 10010
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $17,801,641,083
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $28,216,641,083
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 2.03
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 1.04
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 18.26
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 1.64
- EPS
- -4.34
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0.22%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 19
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 13.38
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- $937,000,000
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -8.62%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -2.67%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 1.37
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 0.89
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 0.89
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.31
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- $3,099,298
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 102.58
Income Statement
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Revenue | 4.33B | 4.3B | 4.74B | 3.79B | 4.19B |
| Cost of revenue | 2.61B | 2.47B | 2.63B | 2.17B | 2.23B |
| Gross profit | 1.71B | 1.84B | 2.11B | 1.63B | 1.96B |
| Operating income | -144M | 79M | 258M | -834M | 389M |
| EBITDA | 255M | 495M | 693M | 102M | 758M |
| Net income | -274M | 218M | -8M | -690M | 105M |
| Income taxes | -3M | 25M | 144M | -45M | 168M |
| Interest expense | -162M | -156M | 347M | -152M | -110M |
| Other operating expenses | 0 | 0 | 0 | 517M | 0 |
| Total operating expenses | 1.86B | 1.76B | 1.85B | 2.46B | 1.57B |
| Basic EPS | -1.57 | 1.24 | -0.05 | -3.91 | 0.59 |
| Diluted EPS | -1.57 | 1.23 | -0.05 | -3.91 | 0.59 |
Balance Sheet
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Total assets | 28.21B | 28.47B | 29.28B | 29.34B | 29.87B |
| Total liabilities | 18.86B | 18.77B | 19.58B | 19.42B | 17.23B |
| Total equity | 8.98B | 9.29B | 9.27B | 9.43B | 10.41B |
| Cash & equivalents | 1.56B | 1.51B | 1.83B | 1.73B | 1.69B |
| Current assets | 4.52B | 4.5B | 4.8B | 4.78B | 4.39B |
| Current liabilities | 5.07B | 4.98B | 5.04B | 4.96B | 4.63B |
| Accounts payable | 341M | 427M | 386M | 402M | 350M |
| Receivables | 130M | 155M | 190M | 158M | 161M |
| Inventories | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 15.62B | 15.65B | 15.83B | 15.8B | 16.49B |
| Long-term debt | 11.87B | 11.79B | 12.16B | 11.95B | 9.88B |
Cash Flow
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Operating cash flow | 363M | 330M | 428M | 209M | 359M |
| Investing cash flow | -170M | -172M | -346M | -170M | -2.87B |
| Financing cash flow | -55M | -458M | -89M | 255M | 2.53B |
| Change in cash | 138M | -300M | -7M | 294M | 27M |
| Net income | -296M | 209M | 10M | -789M | 37M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 144 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — Jackson Jeremy Peter | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | SCHEDULE 13G/A — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | SCHEDULE 13G — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | SCHEDULE 13G/A — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 8-K — Flutter Entertainment plc | View Filing | |
| edgar index | 8-K — Flutter Entertainment plc | View Filing | |
| edgar index | 10-Q — Flutter Entertainment plc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 8-K — Flutter Entertainment plc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G/A — Flutter Entertainment plc | View Filing | |
| edgar index | 8-K — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 8-K — Flutter Entertainment plc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 8-K — Flutter Entertainment plc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| edgar index | 4 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — DART KENNETH BRYAN | View Filing | |
| edgar index | 144 — Flutter Entertainment plc | View Filing | |
| form 4 | Form 4 — BENNETT ROBERT R | View Filing | |
| form 4 | Form 4 — KENNY DAVID W | View Filing | |
| form 4 | Form 4 — BRYANT JOHN A | View Filing | |
| form 4 | Form 4 — KOEPPEL HOLLY K | View Filing | |
| form 4 | Form 4 — SUSMAN SALLY | View Filing | |
| form 4 | Form 4 — McCarthy Christine M | View Filing |