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Flutter Entertainment PLC
(NYSE:FLUT)
Flutter Entertainment PLC (FLUT) vs. SPDR S&P 500 ETF (SPY)
Flutter Entertainment PLC Business Overview & Revenue Model
Flutter Entertainment PLC Earnings Call Summary
Flutter Entertainment PLC Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.44B | 14.05B | 11.79B | 9.46B | 8.31B | 6.04B |
| Gross Profit | 7.12B | 6.70B | 5.59B | 4.65B | 4.43B | 3.93B |
| EBITDA | 1.53B | 1.60B | 624.00M | 987.00M | 561.00M | 1.18B |
| Net Income | -273.00M | 109.00M | -1.22B | -432.00M | -923.00M | 51.83M |
Balance Sheet | ||||||
| Total Assets | 29.34B | 24.51B | 24.64B | 24.64B | 22.72B | 23.23B |
| Cash, Cash Equivalents and Short-Term Investments | 3.69B | 3.59B | 3.44B | 2.68B | 2.32B | 1.74B |
| Total Debt | 12.68B | 7.40B | 7.53B | 7.20B | 5.20B | 4.52B |
| Total Liabilities | 19.42B | 13.24B | 13.27B | 12.20B | 8.79B | 8.20B |
| Stockholders Equity | 9.24B | 9.29B | 10.04B | 12.28B | 13.88B | 14.99B |
Cash Flow | ||||||
| Free Cash Flow | 742.00M | 941.00M | 335.00M | 734.00M | 194.00M | 1.07B |
| Operating Cash Flow | 1.41B | 1.60B | 937.00M | 1.16B | 553.00M | 1.36B |
| Investing Cash Flow | -3.30B | -811.00M | -602.00M | -2.52B | -254.00M | 320.13M |
| Financing Cash Flow | 2.29B | -469.00M | -113.00M | 1.78B | 361.00M | -1.03B |
Flutter Entertainment PLC Technical Analysis
Flutter Entertainment PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $4.92B | 22.55 | 32.35% | 1.34% | 29.54% | 4389.69% | |
72 Outperform | $3.92B | 66.87 | 29.67% | ― | 23.15% | ― | |
71 Outperform | $6.39B | 21.39 | 96.16% | 3.22% | 4.69% | 15.18% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $26.82B | -53.25 | -29.59% | ― | 18.51% | 37.25% | |
55 Neutral | £29.47B | -127.12 | -2.00% | ― | ― | ― | |
47 Neutral | $1.83B | -2.09 | -35.97% | ― | 8.24% | -77.54% |
Flutter Entertainment PLC Corporate Events
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 transparency rules. The filing shows Bank of America’s overall position in Flutter rising from 5.70% to 12.89% of voting rights, combining a 1.16% interest attached to shares and 11.72% held through a mix of financial instruments including swaps, rights to recall, physical swaps and options, underscoring significantly increased exposure by a major US financial institution and highlighting robust institutional interest in Flutter’s equity and derivatives.
The most recent analyst rating on (FLUT) stock is a Hold with a $178.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.
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 and transparency rules. The filings show that Bank of America Corporation crossed a reporting threshold on 16 January 2026 following changes in its position in Flutter through a mix of direct voting rights and financial instruments, bringing its total holding to about 5.36% of Flutter’s voting rights, a development that signals a notable institutional stake and provides investors with greater visibility on the company’s evolving shareholder base.
The most recent analyst rating on (FLUT) stock is a Hold with a $177.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.
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 notified on January 14, 2026. The filing shows BlackRock’s combined direct and indirect voting interest, including through financial instruments such as securities lending and CFDs, has moved to a level below 5% of Flutter’s voting rights, compared with a previously disclosed aggregate position of 5%, signalling a marginal reduction in the stake of a significant institutional investor and providing updated transparency for shareholders under UK disclosure rules.
The most recent analyst rating on (FLUT) stock is a Hold with a $228.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.
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 9.49% of voting rights attached to shares and 5.54% held through financial instruments, primarily cash-settled total return swaps. The notification, made public on January 2, 2026, indicates a significant jump from a previously reported 10.06% position and underscores growing concentrated ownership in Flutter, which may be closely watched by shareholders and regulators given the use of derivatives to build a sizable economic interest in the company without equivalent direct share ownership.
The most recent analyst rating on (FLUT) stock is a Buy with a $313.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.
On December 23, 2025, Flutter Entertainment plc disclosed that BlackRock, Inc. had submitted a TR-1 notification after its holding in Flutter fell below the 5% threshold of voting rights, following an acquisition or disposal of voting rights that crossed the threshold on December 19, 2025 and was notified to the issuer on December 22, 2025. The filing, made via London’s Regulatory News Service to comply with UK transparency requirements, confirms that BlackRock’s combined position in Flutter, including shares and financial instruments such as securities lending and CFDs, is now below 5%, signaling a reduction in a major institutional shareholder’s stake while underscoring Flutter’s ongoing adherence to market disclosure standards for significant changes in ownership.
The most recent analyst rating on (FLUT) stock is a Buy with a $300.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.
On December 17, 2025, Flutter Entertainment PLC disclosed that BlackRock, Inc., a major US-based asset management company, crossed the 5% voting rights threshold in Flutter on December 15, 2025. This notification, in compliance with UK FCA’s rules, reflects BlackRock’s notable influence within the company’s ownership structure, signaling possible strategic implications for stakeholders.
The most recent analyst rating on (FLUT) stock is a Buy with a $307.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.
On November 26, 2025, Flutter Entertainment announced changes in UK gaming taxation as per the government’s autumn budget. Effective from April 2026, iGaming tax will increase to 40%, and from April 2027, sports betting tax will rise to 25%. These changes are expected to impact Flutter’s adjusted EBITDA by approximately $320 million in 2026 and $540 million in 2027 before mitigation. Flutter plans to offset these impacts through operational efficiencies and market share gains, although the tax increases could benefit illegal operators.
The most recent analyst rating on (FLUT) stock is a Buy with a $28400.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.
On November 24, 2025, Flutter Entertainment PLC announced a notification regarding a change in major holdings, as required by the UK Financial Conduct Authority’s rules. Parvus Asset Management Jersey Limited, based in St Helier, Jersey, disclosed an acquisition or disposal of voting rights, holding 5.066561% of Flutter’s voting rights as of November 18, 2025. This announcement highlights a significant change in the company’s shareholder structure, potentially impacting its market dynamics and stakeholder interests.
The most recent analyst rating on (FLUT) stock is a Buy with a $228.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.