Flutter Entertainment PLC (FLUT)
NYSE:FLUT
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Flutter Entertainment PLC
(NYSE:FLUT)
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Rating:52Neutral
Price Target:
$104.00
▲(0.36% Upside)
Action:ReiteratedDate:03/26/26
The score is driven mainly by mixed fundamentals: strong revenue growth and resilient free cash flow are offset by 2025 profitability deterioration and increased leverage. Technical signals are notably bearish (price below key moving averages with negative MACD), which weighs on near-term attractiveness. Earnings call guidance is generally positive, but near-term execution, cost, and regulatory pressures temper the outlook; valuation remains challenged due to negative earnings.
Positive Factors
Sustained Revenue Growth
Material top-line expansion over 2020–2025 demonstrates durable market penetration across geographies and products. Scale supports marketing and product investment, improves bargaining with partners and suppliers, and provides a larger base to absorb promotional cycles while enabling long-term growth initiatives.
Negative Factors
Elevated Leverage
Material increase in leverage materially reduces financial flexibility and heightens interest-rate and refinancing risks. With multi-billion debt levels, sustained high cash generation is required to hit medium-term 2.0–2.5x targets; any earnings disruption could force tougher cost cuts or asset sales, constraining strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Material top-line expansion over 2020–2025 demonstrates durable market penetration across geographies and products. Scale supports marketing and product investment, improves bargaining with partners and suppliers, and provides a larger base to absorb promotional cycles while enabling long-term growth initiatives.
Read all positive factors
Flutter Entertainment PLC (FLUT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.20B
Dividend YieldN/A
Average Volume (3M)2.52M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees27,345
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)1.74
Shares Outstanding175,301,970
10 Day Avg. Volume3,134,316
30 Day Avg. Volume2,517,801
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)4.26
Price to Sales (P/S)2.35
P/FCF Ratio35.67
Enterprise Value/Market Cap1.50
Enterprise Value/Revenue1.75
Enterprise Value/Gross Profit3.88
Enterprise Value/Ebitda14.43
Forecast
1Y Price Target
$183.28Price Target Upside76.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)6.61
Revenue Forecast (FY)$18.54B
Flutter Entertainment PLC Business Overview & Revenue Model
Company Description
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US...
How the Company Makes Money
Flutter primarily makes money by taking a share of customer wagering and gaming spend across its online and retail offerings. Key revenue streams include: (1) Sportsbook (sports betting): Customers place bets on sporting events; Flutter earns reve...
Flutter Entertainment PLC Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The call presents a positive operational and financial trajectory: strong revenue and adjusted EBITDA growth, clear U.S. leadership (FanDuel), international market wins (Italy, Brazil), active M&A integration and a disciplined capital allocation program (share buybacks, leverage target, cost-savings plan). However, there are meaningful near-term challenges: Q4 sportsbook dynamics led to moderating handle and higher churn, execution gaps in generosity, softened cash flow and net income due to higher interest, tax and investment spending, and regulatory/tax headwinds (India, UK) plus substantial planned investment in prediction markets. Management has outlined concrete remediation actions (product, loyalty, generosity, cost optimization) and guided conservatively for 2026, suggesting these challenges are being addressed while preserving growth momentum.Positive Updates
Strong Group Top-Line and Profitability Growth (Q4 & FY2025)
Q4 group revenue increased 25% and adjusted EBITDA grew 27%. For fiscal 2025 the group delivered revenue up 17% and adjusted EBITDA up 21%, underscoring broad-based operational momentum.
Negative Updates
Adverse Q4 Sportsbook Dynamics — High Hold but Lower Handle
Q4 saw very high gross revenue margins (NFL season margin ~19%, ~100 bps ahead of expectation) that coincided with moderating handle and lower customer engagement due to adverse recycling; management notes this depressed handle growth and contributed to churn and some market share loss.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Group Top-Line and Profitability Growth (Q4 & FY2025)
Q4 group revenue increased 25% and adjusted EBITDA grew 27%. For fiscal 2025 the group delivered revenue up 17% and adjusted EBITDA up 21%, underscoring broad-based operational momentum.
Read all positive updates
Company Guidance
Management guided 2026 U.S. revenue of $7.8bn (≈+12% YoY) and U.S. adjusted EBITDA of $1.05bn (≈+14% YoY) — excluding prediction‑market revenue but including a $70m new‑state investment for the planned Alberta Q2 launch — and international guidance of $10.6bn revenue and $2.23bn adjusted EBITDA at the midpoint (≈+13% and +1% YoY), which incorporates ~ $70m of Brazil investment plus U.K. tax and India impacts; unallocated corporate costs are expected at $310m (up $30m), prediction‑market investment is expected toward the top end of the prior range (around $300m), the group remains on track for $300m of cost savings by 2027, will commence $250m of buybacks in H1 2026 after $1.0bn repurchased in 2025 (including $245m in Q4), finished 2025 with 3.7x leverage targeting 2.0–2.5x medium‑term, and expects sequential improvement through 2026 with U.S. iGaming growth in the high‑teens and double‑digit sportsbook revenue growth embedded in the outlook.Flutter Entertainment PLC Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
42
Neutral
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.38B | 14.05B | 11.79B | 9.46B | 8.31B |
| Gross Profit | 7.40B | 6.70B | 5.59B | 4.65B | 4.43B |
| EBITDA | 1.99B | 1.60B | 624.00M | 987.00M | 561.00M |
| Net Income | -310.00M | 109.00M | -1.22B | -432.00M | -923.00M |
Balance Sheet | |||||
| Total Assets | 29.28B | 24.51B | 24.64B | 24.64B | 22.72B |
| Cash, Cash Equivalents and Short-Term Investments | 3.85B | 3.59B | 3.44B | 2.68B | 2.32B |
| Total Debt | 13.35B | 7.40B | 7.53B | 7.20B | 5.20B |
| Total Liabilities | 19.58B | 13.24B | 13.27B | 12.20B | 8.79B |
| Stockholders Equity | 9.04B | 9.29B | 10.04B | 12.28B | 13.88B |
Cash Flow | |||||
| Free Cash Flow | 1.08B | 941.00M | 335.00M | 734.00M | 194.00M |
| Operating Cash Flow | 1.18B | 1.60B | 937.00M | 1.16B | 553.00M |
| Investing Cash Flow | -5.09B | -811.00M | -602.00M | -2.52B | -254.00M |
| Financing Cash Flow | 4.04B | -469.00M | -113.00M | 1.78B | 361.00M |
Flutter Entertainment PLC Technical Analysis
Negative
103.63
Price Trends
123.69
Negative
166.03
Negative
221.24
Negative
Market Momentum
-5.89
Negative
38.22
Neutral
43.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLUT, the sentiment is Negative. The current price of 103.63 is below the 20-day moving average (MA) of 105.50, below the 50-day MA of 123.69, and below the 200-day MA of 221.24, indicating a bearish trend. The MACD of -5.89 indicates Negative momentum. The RSI at 38.22 is Neutral, neither overbought nor oversold. The STOCH value of 43.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLUT.
Flutter Entertainment PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $5.16B | 55.90 | 27.50% | ― | 23.15% | ― | |
73 Outperform | $5.48B | 17.39 | 30.38% | 1.34% | 29.54% | 4389.69% | |
70 Outperform | $5.99B | 19.42 | 85.64% | 3.22% | 4.69% | 15.18% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $21.21B | 3,446.00 | 0.46% | ― | 18.51% | 37.25% | |
52 Neutral | $19.20B | -124.17 | -3.56% | ― | ― | ― | |
50 Neutral | $2.05B | -2.53 | -34.58% | ― | 8.24% | -77.54% |
* Consumer Cyclical Sector Average
FLUT
Flutter Entertainment PLC
109.51
-127.16
-53.73%
PENN
PENN Entertainment
15.33
-0.95
-5.84%
RRR
Red Rock Resorts
57.07
16.91
42.10%
DKNG
DraftKings
23.94
-11.90
-33.20%
RSI
Rush Street Interactive
22.21
10.59
91.14%
SGHC
Super Group (SGHC)
10.93
4.24
63.35%
Flutter Entertainment PLC Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Bank of America Boosts Stake in Flutter Entertainment
Positive
Jan 28, 2026
On January 28, 2026, Flutter Entertainment disclosed that Bank of America Corporation had filed a major holdings notification after crossing a regulatory threshold in the company’s shares on January 23, 2026, as required under UK transparenc...
Regulatory Filings and Compliance
Flutter Entertainment reveals major Bank of America stake
Neutral
Jan 27, 2026
On 27 January 2026, Flutter Entertainment plc disclosed that it had released two regulatory announcements in London detailing notifications of major holdings submitted on Standard Form TR-1, in line with UK Financial Conduct Authority disclosure a...
Regulatory Filings and Compliance
BlackRock Slightly Reduces Stake in Flutter Entertainment
Neutral
Jan 15, 2026
On January 15, 2026, Flutter Entertainment plc disclosed that BlackRock, Inc. had submitted a major holdings notification after crossing a regulatory reporting threshold in the company’s voting rights on January 13, 2026, with Flutter being ...
Regulatory Filings and Compliance
Candle Lake Boosts Stake in Flutter Entertainment Plc
Neutral
Jan 5, 2026
On January 5, 2026, Flutter Entertainment plc disclosed that Candle Lake Limited, ultimately controlled by investor Kenneth Bryan Dart, had increased its overall exposure to Flutter to 15.03% of voting rights as of December 29, 2025, combining 9.4...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.