Flutter Entertainment plc
Business
Flutter Entertainment plc is a global online sports betting and iGaming operator offering sportsbook, casino, poker, and daily fantasy sports products under brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, and Paddy Power. The company operates primarily through online channels alongside 1,127 retail shops, serving regulated markets across the U.S., UK, Ireland, Europe, Asia-Pacific, and Brazil through two reportable segments: U.S. and International.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenue | 16,383 | 14,048 | 11,790 | 9,463 | |
| Cost of Sales | −8,979 | −7,346 | −6,202 | −4,813 | |
| Gross profit | 7,404 | 6,702 | 5,588 | 4,650 | |
| Technology, research and development expenses | −991 | −820 | −765 | −552 | |
| Sales and marketing expenses | −3,678 | −3,205 | −3,776 | −3,014 | |
| General and administrative expenses | −2,182 | −1,808 | −1,596 | −1,172 | |
| Goodwill impairment | −517 | 0 | 0 | — | |
| Operating profit (loss) | 36 | 869 | −549 | −88 | |
| Other income (expense), net | 358 | −434 | −157 | 5 | |
| Interest expense, net | −515 | −419 | −385 | −212 | |
| (Loss) income before income taxes | −121 | 16 | −1,091 | −295 | |
| Income tax (expense) benefit | −286 | 146 | −120 | −75 | |
| Net (loss) income | −407 | 162 | −1,211 | −370 | |
| Net (loss) gain attributable to non-controlling interests and redeemable non-controlling interests | −27 | 53 | 13 | −1 | |
| Adjustment of redeemable non-controlling interest to redemption value | −70 | 66 | −2 | 63 | |
| Net (loss) income attributable to Flutter shareholders - basic | −310 | 43 | −1,222 | −432 | |
| Net (loss) income attributable to Flutter shareholders - diluted | −310 | 43 | −1,222 | — | |
| Basic (in USD per share) | −1.75 | 0.24 | −6.89 | −2.44 | |
| Diluted (in USD per share) | −1.75 | 0.24 | −6.89 | −2.44 | |
| Effective portion of changes in fair value of cash flow hedges | −100 | −12 | −121 | — | |
| Fair value of cash flow hedges transferred to the income statement | 87 | 32 | 93 | — | |
| Changes in excluded components of fair value hedge | −12 | −1 | 0 | — | |
| Foreign exchange (loss) gain on net investment hedges | −97 | 73 | 30 | — | |
| Foreign exchange gain (loss) on translation of the net assets of foreign currency denominated entities | 997 | −554 | 357 | — | |
| Fair value movements on available for sale debt instruments | 0 | 0 | 5 | — | |
| Income tax benefit related to items of other comprehensive loss | 9 | 0 | 0 | — | |
| Other comprehensive income (loss) income | 884 | −462 | 364 | −1,037 | |
| Other comprehensive income (loss) attributable to Flutter shareholders | 816 | −444 | 299 | −926 | |
| Other comprehensive income (loss) attributable to non-controlling interest and redeemable non-controlling interest | 68 | −18 | 65 | −111 | |
| Total comprehensive income (loss) for the year | 477 | −300 | −847 | −1,407 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,828 | 1,531 | 1,497 | 966 | — | |
| Cash and cash equivalents restricted | 72 | 48 | 22 | 16 | — | |
| Player deposits cash and cash equivalents | 1,932 | 1,930 | — | — | — | |
| Player deposits investments | 23 | 130 | 172 | — | — | |
| Accounts receivable, net | 190 | 98 | 90 | — | — | |
| Prepaid expenses and other current assets | 751 | 607 | 443 | — | — | |
| TOTAL CURRENT ASSETS | 4,796 | 4,344 | 3,976 | — | — | |
| Investments | 7 | 6 | 9 | — | — | |
| Property and equipment, net | 630 | 493 | 471 | — | — | |
| Operating lease right-of-use assets | 550 | 507 | 429 | — | — | |
| Intangible assets, net | 7,019 | 5,364 | 5,881 | — | — | |
| Goodwill | 15,825 | 13,352 | 13,745 | 13,244 | — | |
| Deferred tax assets | 309 | 267 | 24 | — | — | |
| Other non-current assets | 144 | 175 | 100 | — | — | |
| TOTAL ASSETS | 29,280 | 24,508 | 24,635 | — | — | |
| Accounts payable | 386 | 266 | 240 | — | — | |
| Player deposit liability | 1,859 | 1,940 | 1,786 | — | — | |
| Operating lease liabilities | 130 | 119 | 123 | — | — | |
| Long-term debt due within one year | 109 | 53 | 51 | — | — | |
| Other current liabilities | 2,559 | 2,212 | 2,326 | — | — | |
| TOTAL CURRENT LIABILITIES | 5,043 | 4,590 | 4,526 | — | — | |
| Operating lease liabilities non-current | 476 | 428 | 354 | — | — | |
| Long-term debt | 12,157 | 6,683 | 7,005 | — | — | |
| Deferred tax liabilities | 1,105 | 605 | 802 | — | — | |
| Other non-current liabilities | 801 | 935 | 580 | — | — | |
| TOTAL LIABILITIES | 19,582 | 13,241 | 13,267 | — | — | |
| COMMITMENTS AND CONTINGENCIES (Note 21) | — | — | — | — | — | |
| REDEEMABLE NON-CONTROLLING INTERESTS | 424 | 1,808 | 1,152 | — | — | |
| Ordinary share (Authorized 300,000,000 shares of 0.09 (2025:$0.11; 2024:$0.10 ) par value each; issued 2025: 175,224,066 shares; 2024: 177,895,367 shares) | 36 | 36 | 36 | — | — | |
| Additional paid-in capital | 1,989 | 1,611 | 1,385 | — | — | |
| Accumulated other comprehensive loss | −1,111 | −1,927 | −1,483 | — | — | |
| Retained earnings | 8,124 | 9,573 | 10,106 | — | — | |
| Total Flutter Shareholders Equity | 9,038 | 9,293 | 10,044 | — | — | |
| Non-controlling interests | 236 | 166 | 172 | — | — | |
| TOTAL SHAREHOLDERS EQUITY | 9,274 | 9,459 | 10,216 | 11,191 | 12,162 | |
| TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND SHAREHOLDERS EQUITY | 29,280 | 24,508 | 24,635 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization | 1,517 | 1,097 | 1,285 | 1,075 | |
| Impairment loss | 561 | 0 | 725 | 0 | |
| Change in fair value of derivatives | −11 | 2 | −7 | −152 | |
| Non-cash interest expense (income), net | 53 | 19 | −12 | 7 | |
| Non-cash operating lease expense | 141 | 142 | 117 | 96 | |
| Unrealized foreign currency exchange gain, net | −88 | −15 | −225 | 196 | |
| Loss on disposals | 11 | 7 | 5 | — | |
| Share-based compensation equity classified | 246 | 196 | 180 | 132 | |
| Share-based compensation liability classified | 14 | 6 | 10 | 49 | |
| Other (income) expense, net | −300 | 428 | 163 | −89 | |
| Deferred tax benefit | −145 | −348 | −132 | −145 | |
| Loss on extinguishment | 23 | 7 | 6 | 65 | |
| Change in contingent consideration | 0 | −3 | −2 | −6 | |
| Player deposits - investments | 120 | 33 | −1 | — | |
| Accounts receivable | 0 | −11 | 23 | −12 | |
| Prepaid expenses and other current assets | −60 | −73 | 146 | −97 | |
| Accounts payable | −20 | −7 | −4 | −24 | |
| Other liabilities | −106 | −104 | 366 | 207 | |
| Player deposit liability | −227 | 212 | −382 | 376 | |
| Operating leases liabilities | −138 | −148 | −113 | −73 | |
| Net cash provided by operating activities | 1,184 | 1,602 | 937 | 1,163 | |
| Purchases of property and equipment | −105 | −144 | −159 | −122 | |
| Purchases of intangible assets | −162 | −136 | −175 | −100 | |
| Capitalized software | −510 | −381 | −268 | −207 | |
| Acquisitions, net of cash acquired | −2,688 | −160 | 0 | −2,095 | |
| Proceeds from disposal of long lived assets | 5 | 0 | 0 | 7 | |
| Cash settlement of derivatives designated in net investment hedge | −21 | 10 | 0 | — | |
| Net cash used in investing activities | −3,481 | −811 | −602 | −2,517 | |
| Proceeds from issue of ordinary share upon exercise of options | 7 | 30 | 13 | 9 | |
| Proceeds from issuance of long-term debt (net of transactions costs with lenders) | 10,830 | 1,684 | 2,018 | 4,692 | |
| Transaction costs with third parties from issuance of long-term debt | −22 | 0 | 0 | — | |
| Repayment of long-term debt | −5,606 | −1,948 | −1,837 | −2,646 | |
| Acquisition of redeemable non-controlling interests | −1,620 | 0 | −95 | — | |
| Distributions to non-controlling interests | −29 | −16 | 0 | −7 | |
| Payment of contingent consideration | −19 | 0 | 0 | −11 | |
| Repurchase of ordinary shares and taxes withheld and paid on employee share awards | −1,123 | −219 | −212 | −3 | |
| Proceeds from sale of non-controlling interests | 10 | 0 | 0 | — | |
| Net cash provided by (used in) financing activities | 2,428 | −469 | −113 | 1,783 | |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 131 | 322 | 222 | 429 | |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | 192 | −84 | 59 | −120 | |
| Interest paid | 531 | 462 | 408 | 222 | |
| Income tax paid (net of refunds) | 445 | 255 | 255 | 199 | |
| Operating cash flows from operating leases | 167 | 174 | 133 | 92 | |
| Purchase of long lived assets with accrued expense- investing | 75 | 15 | 0 | — | |
| Purchase of long lived assets with accrued expense- financing | 72 | 0 | 0 | — | |
| Right of use assets obtained in exchange for new operating lease liabilities | 94 | 155 | 73 | 148 | |
| Adjustments to lease balances as a result of remeasurement | 50 | 47 | 22 | 18 | |
| Business acquisitions (including contingent consideration) | 327 | 2 | 0 | — | |
| Proceeds from issuance as part of debt restructuring | 0 | 0 | 5,267 | 0 | |
| Principal amount of extinguishment as part of debt restructuring | 0 | 0 | 4,622 | 0 | |
| Non-cash issuance of common stock upon exercise of options | 29 | 0 | 0 | — | |
| Non-cash transaction costs on issuance of long-term debt | 6 | 0 | 0 | — | |
| Asset retirement obligation | 33 | 0 | 0 | — | |
| Sale of non-controlling interests | 17 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Flutter Entertainment plc's CIK number?
Flutter Entertainment plc's SEC CIK number is 0001635327 (1635327). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Flutter Entertainment plc's SEC filings?
All of Flutter Entertainment plc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Flutter Entertainment plc last report earnings?
Flutter Entertainment plc (FLUT) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-208993). This is Flutter Entertainment plc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Flutter Entertainment plc's most recent earnings 8-K?
Flutter Entertainment plc's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-208993. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Flutter Entertainment plc's latest earnings 8-K →
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