Flutter Entertainment plc Earnings Per Share Disclosure
| Year ended December 31, | |||||||||||||||||
| (in millions except per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||
| Numerator | |||||||||||||||||
| Net (loss) income | $ | (407) | $ | 162 | $ | (1,211) | |||||||||||
| Net (loss) gain attributable to non-controlling interests and redeemable non-controlling interests | (27) | 53 | 13 | ||||||||||||||
| Adjustment of redeemable non-controlling interest to redemption value | (70) | 66 | (2) | ||||||||||||||
| Net (loss) income attributable to Flutter shareholders - basic and diluted | $ | (310) | $ | 43 | $ | (1,222) | |||||||||||
| Denominator | |||||||||||||||||
| Basic weighted average outstanding shares | 177 | 178 | 177 | ||||||||||||||
| Effective of dilutive stock awards | — | 2 | — | ||||||||||||||
| Diluted weighted average outstanding shares | 177 | 180 | 177 | ||||||||||||||
| (Loss) earnings per share | |||||||||||||||||
| Basic | (1.75) | 0.24 | (6.89) | ||||||||||||||
| Diluted | (1.75) | 0.24 | (6.89) | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Mar 4, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.