Flutter Entertainment
Runs sports betting and iGaming through FanDuel and locally established international brands.
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Profile
Offers sportsbooks, online casino games, poker, betting exchanges, and retail wagering through a portfolio led by FanDuel in the U.S. and local brands abroad. The model combines shared technology, pricing, risk, and product capabilities with regulated-market licenses and customer-protection controls.
Operates sports betting, iGaming, online poker, betting exchanges, and retail wagering through two segments. FanDuel anchors the U.S. business, while the International segment includes Paddy Power, Betfair, PokerStars, Sky Betting & Gaming, Sportsbet, Sisal, Snai, tombola, and Betnacional.
The portfolio pairs locally established brands with shared technology, pricing, risk management, and product capabilities. Growth has been assembled through combinations and acquisitions, including Betfair, FanDuel, The Stars Group, Sisal, Snai, and Betnacional.
Operations span many regulated markets, with licensing and product availability differing by jurisdiction. The business depends on betting and gaming licenses, tax regimes, advertising and payment rules, and responsible-gaming controls; inherited legal exposure can also follow acquisitions.
Company facts
Key statistics
Year to date −53.4% · Average volume (30d) 2.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 9, 2026 | Jefferies | Reiterate | Buy | $210 | $180 | |
| Aug 7, 2026 | Citigroup | Upgrade | Sell | Neutral | ||
| Aug 6, 2026 | Citigroup | Upgrade | Outperform | Neutral | ||
| Aug 6, 2026 | Macquarie | Reiterate | Outperform | $160 | ||
| Aug 6, 2026 | Deutsche Bank | Target | $167 | $148 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.54 | $0.49 | −8.9% | $4.24B | $4.33B | +2.0% | −11.48% |
| May 6, 2026Q1 FY26 | $1.09 | $1.22 | +11.9% | $4.24B | $4.30B | +1.6% | +2.11% |
| Feb 26, 2026Q4 FY25 | $1.85 | $1.74 | −5.9% | $4.93B | $4.74B | −4.0% | −13.80% |
| Nov 12, 2025Q3 FY25 | $0.61 | $1.64 | +169.7% | $3.83B | $3.79B | −0.8% | −14.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.67B | $4.19B | $3.79B | $4.74B | $4.30B | $4.33B | |
| Gross profit | $1.71B | $1.96B | $1.63B | $2.11B | $1.84B | $1.71B | |
| Operating income | $223.0M | $389.0M | −$317.0M | $258.0M | $79.0M | −$144.0M | |
| Net income | $332.0M | $25.0M | −$760.0M | $23.0M | $216.0M | −$274.0M | |
| Diluted EPS | $1.57 | $0.59 | −$3.85 | −$0.04 | $1.22 | −$1.57 | |
| Gross margin | 46.6% | 46.8% | 42.9% | 44.5% | 42.7% | 39.6% | |
| Operating margin | 6.1% | 9.3% | -8.4% | 5.4% | 1.8% | -3.3% |
Fiscal years (4-quarter sums)FY23 $11.79B · FY24 $14.05B · FY25 $16.38B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.56B · Total debt $12.56B · Total assets $28.21B · Shareholders' equity $8.75B
Dividends
No dividends on record.
Ownership
Shares outstanding 173.48M · Float 129.29M · 74.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Candle Lake Limited | 32.67M | 18.60% | 13G | Feb 10, 2026 |
| Dart Kenneth Bryan · 10 percent owner | 32.67M | 18.83% | Form 4 | Feb 10, 2026 |
| Parvus Asset Management Jersey Ltd | 15.19M | 8.76% | 13F | Aug 14, 2026 |
| CIBC Bancorp USA Inc. | 12.58M | 7.25% | 13F | Aug 13, 2026 |
| Canadian Imperial Bank of Commerce /Can/ | 12.58M | 7.30% | 13G | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Jeremy Peter Jackson | director, officer: Chief Executive Officer | −2,112 | $93.32 |
| Aug 17, 2026 | Kenneth Bryan Dart | 10 percent owner | +85,899 | |
| Aug 13, 2026 | Kenneth Bryan Dart | 10 percent owner | +29,175 | |
| Aug 12, 2026 | Kenneth Bryan Dart | 10 percent owner | +51,595 | |
| Aug 11, 2026 | Kenneth Bryan Dart | 10 percent owner | +6,294 |
Peers
- DraftKings
Leading U.S. rival in sportsbook, iGaming, and daily fantasy sports
- Caesars Entertainment
U.S. sportsbook and iGaming rival backed by Caesars Rewards
- PENN® Entertainment
North American sportsbook and iCasino rival led by theScore Bet
- Super Group
International sportsbook and online-casino rival led by Betway and Spin
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Flutter Entertainment | $101.53 | −0.24% | $17.66B | — | 16.4 | 1.0 | +3.3% |
| DraftKings | $25.27 | +0.09% | $12.53B | — | 43.1 | 2.0 | −4.6% |
| Caesars Entertainment | $29.74 | +0.02% | $6.06B | — | — | 0.5 | +3.0% |
| PENN® Entertainment | $17.36 | +0.03% | $2.32B | — | 11.9 | 0.3 | +5.2% |
| Super Group | $13.71 | −0.80% | $7.02B | 18.9 | 17.1 | 2.9 | +18.1% |
| Median | 18.9 | 17.1 | 1.3 | +4.1% |







