Flutter Entertainment/$FLUT

Flutter falls after reports that competition from prediction markets like Polymarket and Kalshi, bolstered by ICE’s $2 billion investment, is intensifying pressures on traditional sportsbook operators.
3 hours agoLightyear AI
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About Flutter Entertainment

In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the US, UK and Ireland, Australia, and many other countries. Some of its main brands are FanDuel in the US, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2024, the company offered products in over 100 countries and had 13.9 million average monthly users. In 2024, sports betting was 56% of revenue, online gaming 40%, and fantasy sports, horse racing, and other 4%.

Ticker

$FLUT
Sector
Consumer Discretionary

Primary listing

NYSE

Employees

27,345
Headquarters
New York, United States
Website
www.flutter.com

FLUT Metrics

BasicAdvanced
$43B
121.00
$2.04
1.15
-

Bulls say / Bears say

Increased its full-year profit forecast to $3.3 billion after Q2 adjusted EBITDA jumped 25% year-over-year to $919 million, supported by favorable sports betting results and strong performance in the U.S. and internationally.
The $1.76 billion acquisition of Boyd Gaming’s last 5% stake in FanDuel gives Flutter 100% ownership and extends key agreements through 2038, strengthening Flutter’s U.S. market lead.
U.S. iGaming revenue jumped 42% in Q2 2025, fueling strong segment EBITDA growth and showing that FanDuel’s product innovation and customer engagement strategies are succeeding.
A new Illinois state surcharge of $0.50 per bet is expected to reduce U.S. adjusted EBITDA by around $74 million a year and could push customers toward unregulated gambling, potentially weakening FanDuel’s growth.
The $1.76 billion purchase of Boyd Gaming’s remaining 5% stake in FanDuel, funded through new debt facilities, raises leverage and interest expense risk, which could limit future strategic moves.
Heavy U.S. competition and recent winning streaks for bettors during events like March Madness led major operators to cut profit forecasts. FanDuel’s market share dropped from 62% to 48% between Q1 2023 and Q1 2025, pointing to margin pressure ahead.
Data summarised monthly by Lightyear AI. Last updated on 29 Sept 2025.

FLUT News

AllArticlesVideos
DraftKings and FanDuel Extend Losing Streak as Prediction Markets Gain Steam

DraftKings and FanDuel Extend Losing Streak as Prediction Markets Gain Steam

Barrons6 hours ago
Kalshi is not having any impact on DraftKings, FanDuel, says Jefferies analyst David Katz

Kalshi is not having any impact on DraftKings, FanDuel, says Jefferies analyst David Katz

CNBC Television4 days ago
Morgan Stanley says buy into weakness in Flutter and DraftKings after Kalshi enters parlays market

Morgan Stanley says buy into weakness in Flutter and DraftKings after Kalshi enters parlays market

Market Watch6 days ago
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