FLUT - Flutter Entertainment plc
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$140.62
DETAILS
HIGH:
$210.00
LOW:
$110.00
MEDIAN:
$133.00
CONSENSUS:
$140.62
UPSIDE:
43.40%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 4,326 | 4,304 | 4,737 | 3,794 | 4,187 | 3,665 | 3,792 | 3,248 | 3,611 | 3,397 | 3,313 | 2,558 | 3,001 | 2,918 | 2,843.8 | 2,843.8 |
| Cost of Revenue | 2,613 | 2,467 | 2,627 | 2,168 | 2,228 | 1,956 | 1,966 | 1,752 | 1,835 | 1,793 | 1,784 | 1,386 | 1,491 | 1,541 | 1,652.9 | 1,652.9 |
| Gross Profit | 1,713 | 1,837 | 2,110 | 1,626 | 1,959 | 1,709 | 1,826 | 1,496 | 1,776 | 1,604 | 1,529 | 1,172 | 1,510 | 1,377 | 1,190.9 | 1,190.9 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 300 | 259 | 245 | 275 | 256 | 215 | 201 | 213 | 216 | 190 | 207 | 214 | 176 | 168 | 276 | 276 |
| SG&A Expenses | 1,557 | 1,499 | 1,607 | 1,668 | 1,314 | 1,271 | 1,346 | 1,186 | 1,191 | 1,290 | 1,216 | 1,095 | 1,112 | 1,224 | 2,082 | 2,093 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 725 | 0 | 0 | 0 | (1,120.2) | (1,131.2) |
| Operating Expenses | 1,857 | 1,758 | 1,852 | 1,943 | 1,570 | 1,486 | 1,547 | 1,399 | 1,407 | 1,480 | 2,148 | 1,309 | 1,288 | 1,392 | 1,237.8 | 1,237.8 |
| Operating Income | ||||||||||||||||
| Operating Income | (144) | 79 | 258 | (317) | 389 | 223 | 279 | 97 | 369 | 124 | (619) | (137) | 222 | (15) | (47.0) | (47.0) |
| Interest Expense | 162 | 167 | 187 | 172 | 131 | 105 | 120 | 105 | 108 | 128 | 108.7 | 92 | 82 | 92 | 72.0 | 74.5 |
| Interest Income | 0 | 11 | 15 | 18 | 20 | 20 | 18 | 0 | 0 | 16 | 0 | 0 | 13.3 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||
| EBITDA | 248 | 817 | 772 | (245) | 704 | 753 | 340 | 233 | 730 | 263 | 474 | 135 | 536 | 237 | 239.1 | 228.1 |
| EBIT | (151) | 401 | 337 | (664) | 335 | 459 | 70 | (25) | 458 | (34) | 106 | (181) | 232 | (60) | (58.4) | (69.4) |
| Income Before Tax | (299) | 234 | 154 | (834) | 205 | 354 | (42) | (130) | 350 | (162) | (816) | (273) | 150 | (152) | (118.9) | (118.9) |
| Income Tax Expense | (3) | 25 | 144 | (45) | 168 | 19 | (198) | (16) | 53 | 15 | 86 | (11) | 86 | (41) | 3.6 | 3.6 |
| Net Income | (274) | 216 | 23 | (760) | 25 | 332 | 130 | (119) | 261 | (196) | (912) | (275) | 67 | (102) | (152.3) | (152.3) |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | -1.57 | 1.22 | -0.04 | -3.85 | 0.59 | 1.59 | 0.45 | -0.58 | 1.47 | -1.10 | -3.93 | -1.54 | 0.38 | -0.58 | -0.83 | -0.86 |
| EPS (Diluted) | -1.57 | 1.22 | -0.04 | -3.85 | 0.59 | 1.57 | 0.45 | -0.58 | 1.45 | -1.10 | -3.93 | -1.55 | 0.37 | -0.58 | -0.83 | -0.86 |
| Shares Outstanding | 175 | 179 | 179 | 179 | 179 | 178 | 178 | 178 | 180 | 178 | 176.5 | 177.4 | 180 | 175.9 | 177.3 | 177.3 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||
| Cash & Cash Equivalents | 1,563 | 3,505 | 3,832 | 3,666 | 3,436 | 3,339 | 3,461 | 3,354 | 3,235 | 3,157 | 3,249 | 2,663.1 | 2,128.8 | (2,820.9) | 2,515.4 | 2,974 |
| Short-Term Investments | 0 | 23 | 23 | 26 | 30 | 127 | 130 | 156 | 174 | 173 | 172 | 141.0 | 0 | 5,641.7 | 166.0 | 167 |
| Net Receivables | 891 | 601 | 613 | 656 | 590 | 525 | 491 | 87 | 225 | 265 | 392 | 90 | 121.2 | 0 | 266.8 | 116 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 14 | 15 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 2,063 | 58 | 29 | 434 | 338 | 250 | 262 | 256 | 27 | 10 | 163 | 260 | 335.1 | (3,480) | 336.3 | 175 |
| Total Current Assets | 4,517 | 4,500 | 4,796 | 4,782 | 4,394 | 4,241 | 4,344 | 4,170 | 3,925 | 3,860 | 3,976 | 3,259.0 | 2,814.8 | 2,820.9 | 3,487.4 | 3,976 |
| Non-Current Assets | ||||||||||||||||
| Property, Plant & Equipment | 1,094 | 1,135 | 1,180 | 1,144 | 1,164 | 1,013 | 1,000 | 1,026 | 936 | 927 | 900 | 737.7 | 831.3 | 0 | 844.7 | 882 |
| Goodwill | 15,622 | 15,649 | 15,825 | 15,804 | 16,487 | 13,736 | 13,352 | 14,344 | 13,679 | 13,678 | 13,745 | 11,266.2 | 13,467.5 | 0 | 13,063.5 | 13,244 |
| Intangible Assets | 6,480 | 6,714 | 7,019 | 7,241 | 7,545 | 5,456 | 5,364 | 5,822 | 5,664 | 5,787 | 5,881 | 4,449.9 | 6,988.5 | 0 | 7,072.9 | 6,680 |
| Long-Term Investments | 6 | 6 | 21 | 7 | 7 | 7 | 6 | 7 | 7 | 7 | 9 | 7.4 | 18.8 | 0 | 52.4 | 11 |
| Other Non-Current Assets | 194 | 175 | 130 | 142 | 95 | 131 | 175 | 81 | 82 | 104 | 100 | 472.1 | 301.7 | (2,820.9) | 36.2 | 465 |
| Total Non-Current Assets | 23,693 | 23,974 | 24,484 | 24,557 | 25,480 | 20,584 | 20,164 | 21,310 | 20,397 | 20,530 | 20,659 | 16,933.4 | 21,607.8 | (2,820.9) | 21,150.6 | 21,282 |
| Total Assets | 28,210 | 28,474 | 29,280 | 29,339 | 29,874 | 24,825 | 24,508 | 25,480 | 24,322 | 24,390 | 24,635 | 20,192.3 | 24,422.6 | 0 | 24,638.0 | 25,258 |
| Current Liabilities | ||||||||||||||||
| Account Payables | 341 | 427 | 386 | 402 | 350 | 359 | 266 | 270 | 234 | 265 | 240 | 196.7 | 247.2 | 0 | 245.9 | 248 |
| Short-Term Debt | 106 | 324 | 239 | 146 | 70 | 68 | 172 | 67 | 177 | 174 | 51 | 41.8 | 41.7 | 0 | 144.2 | 43 |
| Deferred Revenue | 1,887 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 0 | 0 | 0 | 0 | 1,677.6 | 0 |
| Other Current Liabilities | 0 | 3,770 | 4,418 | 3,633 | 3,318 | 3,337 | 4,033 | 4,243 | 3,599 | 3,806 | 3,431 | 2,259.2 | 1,551.5 | 0 | 1,567.4 | 2,457 |
| Total Current Liabilities | 5,070 | 4,980 | 5,043 | 4,962 | 4,626 | 4,469 | 4,590 | 4,710 | 4,378 | 4,586 | 4,526 | 3,709.8 | 3,420.6 | 0 | 3,988.2 | 4,626 |
| Non-Current Liabilities | ||||||||||||||||
| Long-Term Debt | 11,872 | 11,794 | 12,633 | 11,953 | 9,882 | 6,756 | 6,683 | 6,843 | 6,737 | 6,790 | 7,005 | 6,031.9 | 6,841.3 | 0 | 6,666.4 | 6,707 |
| Deferred Tax Liabilities | 988 | 1,038 | 1,105 | 1,114 | 1,093 | 595 | 605 | 733 | 737 | 783 | 802 | 0 | 0 | 0 | 914.3 | 0 |
| Other Non-Current Liabilities | 497 | 432.0 | 229 | 933 | 1,145 | 786 | 935 | 747 | 612 | 733 | 580 | 2,355.1 | 1,004.8 | (12,120) | 249.0 | 1,421 |
| Total Non-Current Liabilities | 13,785 | 13,785.0 | 14,539 | 14,458 | 12,606 | 8,583 | 8,651 | 8,760 | 8,460 | 8,668 | 8,741 | 7,164.6 | 8,223.4 | (12,120) | 8,215.6 | 8,512 |
| Total Liabilities | 18,855 | 18,765 | 19,582 | 19,420 | 17,232 | 13,052 | 13,241 | 13,470 | 12,838 | 13,254 | 13,267 | 10,874.4 | 11,643.9 | (12,120) | 12,203.8 | 13,138 |
| Stockholders' Equity | ||||||||||||||||
| Common Stock | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 29.5 | 616.0 | 0 | 582.9 | 36 |
| Retained Earnings | 7,835 | 8,231 | 8,124 | 8,340 | 9,249 | 9,748 | 9,573 | 9,728 | 10,018 | 9,694 | 10,106 | 8,283.5 | 11,951.5 | 0 | 11,275.1 | 11,590 |
| Accumulated Other Comprehensive Income | (1,248) | (1,252) | (1,111) | 0 | (880) | (1,591) | (1,927) | (1,075) | (1,674) | (1,669) | 0 | (1,215.6) | 73.9 | 8,944.9 | 422.1 | (1,783) |
| Total Stockholders' Equity | 8,750 | 9,064 | 9,038 | 9,244 | 10,215 | 9,863 | 9,293 | 10,245 | 9,883 | 9,500 | 10,044 | 8,232.7 | 12,660.7 | 9,824.4 | 12,279.9 | 11,035 |
| Total Liabilities & Equity | 28,210 | 28,474 | 29,280 | 29,339 | 29,874 | 24,825 | 24,508 | 25,480 | 24,322 | 24,390 | 24,635 | 20,192.3 | 24,450.6 | 9,824.4 | 24,638.0 | 25,258 |
| Debt Metrics | ||||||||||||||||
| Total Debt | 12,559 | 12,560 | 13,348 | 12,684 | 10,560 | 7,391 | 7,402 | 7,477 | 7,288 | 7,326 | 7,533 | 6,073.7 | 7,365.5 | 0 | 7,196.5 | 7,244 |
| Net Debt | 10,996 | 9,055 | 9,516 | 9,018 | 7,124 | 4,052 | 3,941 | 4,123 | 4,053 | 4,169 | 4,284 | 3,410.6 | 5,236.7 | 2,820.9 | 4,681.1 | 4,270 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Net Income | (296) | 209 | 10 | (789) | 37 | 335 | 156 | (114) | 297 | (177) | (902) | (262) | 67 | (111) | (147.1) | (152.3) |
| Depreciation & Amortization | 399 | 416 | 435 | 419 | 369 | 294 | 270 | 258 | 272 | 297 | 368 | 316 | 304 | 297 | 278.0 | 297.5 |
| Stock-Based Compensation | 68 | 49 | 60 | 71 | 72 | 57 | 49 | 53 | 59 | 41 | 55 | 27 | 64 | 46 | 60.3 | 62.6 |
| Change in Working Capital | 265 | (98) | 140.3 | (16) | (205) | (338) | 149 | (36) | (225) | 14 | 184 | 274 | (181) | (234) | 161.2 | 161.4 |
| Other Non-Cash Items | (73) | (246) | (75.0) | 524 | 86 | (160) | 28 | 129 | (80) | 162 | 686 | 199 | (213) | (47) | 43.4 | 40.5 |
| Operating Cash Flow | 363 | 330 | 430.3 | 209 | 359 | 188 | 652 | 290 | 323 | 337 | 391 | 554 | 41 | (49) | 395.8 | 409.8 |
| Investing Activities | ||||||||||||||||
| Capital Expenditure | (174) | (177) | (36.1) | (184) | (203) | (100) | (179) | (178) | (152) | (152) | (219) | (120) | (31) | (127) | (45.0) | (46.2) |
| Acquisitions | 0 | 0 | 0 | 0 | (2,688) | 0 | 0 | (28) | (25) | (107) | 0 | 0 | 0 | 0 | (800.2) | (818.8) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 4 | 5 | 0 | 14 | 17 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (160) | (152) | (240.4) | (171) | (157) | (85) | (107) | (141) | (124) | (130) | (130) | (99) | (105) | (109) | (83.9) | (88.9) |
| Investing Cash Flow | (170) | (172) | (276.4) | (170) | (2,865) | (100) | (164) | (211) | (177) | (259) | (219) | (120) | (136) | (127) | (929.1) | (953.9) |
| Financing Activities | ||||||||||||||||
| Net Debt Issuance | 95 | (294) | 124.1 | 2,166 | 2,874 | (10) | (9) | (10) | (50) | (195) | 290 | (11) | (99) | 1 | 0 | 0 |
| Stock Repurchased | (129) | (135) | (275.3) | (245) | (355) | (244) | (219) | 0 | 0 | 0 | 0 | (46) | (166) | 0 | (1.5) | (1.5) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (23) | (33) | (11.8) | (1,667) | 11 | (20) | (6) | (4) | (6) | 0 | 0 | (95) | 3 | 0 | 831.9 | 836.5 |
| Financing Cash Flow | (55) | (458) | (163.1) | 255 | 2,533 | (271) | (225) | (14) | (49) | (181) | 296 | (149) | (262) | 2 | 830.4 | 835.0 |
| Cash Position | ||||||||||||||||
| Net Change in Cash | 116 | (327) | 98 | 219 | 122 | (116) | 99 | 175 | 78 | (114) | 570 | 103 | (243) | (149) | 230.6 | 224.9 |
| Cash at Beginning | 3,505 | 3,832 | 3,734 | 3,515 | 3,393 | 3,509 | 3,410 | 3,235 | 3,157 | 3,271 | 2,701 | 2,598 | 2,841 | 2,990 | 0 | 1,829.4 |
| Cash at End | 3,621 | 3,505 | 3,832 | 3,734 | 3,515 | 3,393 | 3,509 | 3,410 | 3,235 | 3,157 | 3,271 | 2,701 | 2,598 | 2,841 | 230.6 | 2,054.4 |
| Free Cash Flow | 189 | 153 | 394.1 | 25 | 156 | 88 | 473 | 112 | 171 | 185 | 172 | 434 | 10 | (176) | 350.9 | 363.6 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 4,326 | 4,304 | 4,737 | 3,794 | 4,187 | 3,665 | 3,792 | 3,248 | 3,611 | 3,397 | 3,313 | 2,558 | 3,001 | 2,918 | 2,843.8 | 2,843.8 |
| Gross Profit | 1,713 | 1,837 | 2,110 | 1,626 | 1,959 | 1,709 | 1,826 | 1,496 | 1,776 | 1,604 | 1,529 | 1,172 | 1,510 | 1,377 | 1,190.9 | 1,190.9 |
| Operating Income | (144) | 79 | 258 | (317) | 389 | 223 | 279 | 97 | 369 | 124 | (619) | (137) | 222 | (15) | (47.0) | (47.0) |
| Net Income | (274) | 216 | 23 | (760) | 25 | 332 | 130 | (119) | 261 | (196) | (912) | (275) | 67 | (102) | (152.3) | (152.3) |
| EPS (Diluted) | -1.57 | 1.22 | -0.04 | -3.85 | 0.59 | 1.57 | 0.45 | -0.58 | 1.45 | -1.10 | -3.93 | -1.55 | 0.37 | -0.58 | -0.83 | -0.86 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 1,563 | 3,505 | 3,832 | 3,666 | 3,436 | 3,339 | 3,461 | 3,354 | 3,235 | 3,157 | 3,249 | 2,663.1 | 2,128.8 | (2,820.9) | 2,515.4 | 2,974 |
| Total Assets | 28,210 | 28,474 | 29,280 | 29,339 | 29,874 | 24,825 | 24,508 | 25,480 | 24,322 | 24,390 | 24,635 | 20,192.3 | 24,422.6 | 0 | 24,638.0 | 25,258 |
| Total Debt | 12,559 | 12,560 | 13,348 | 12,684 | 10,560 | 7,391 | 7,402 | 7,477 | 7,288 | 7,326 | 7,533 | 6,073.7 | 7,365.5 | 0 | 7,196.5 | 7,244 |
| Stockholders' Equity | 8,750 | 9,064 | 9,038 | 9,244 | 10,215 | 9,863 | 9,293 | 10,245 | 9,883 | 9,500 | 10,044 | 8,232.7 | 12,660.7 | 9,824.4 | 12,279.9 | 11,035 |
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 363 | 330 | 430.3 | 209 | 359 | 188 | 652 | 290 | 323 | 337 | 391 | 554 | 41 | (49) | 395.8 | 409.8 |
| Capital Expenditure | (174) | (177) | (36.1) | (184) | (203) | (100) | (179) | (178) | (152) | (152) | (219) | (120) | (31) | (127) | (45.0) | (46.2) |
| Free Cash Flow | 189 | 153 | 394.1 | 25 | 156 | 88 | 473 | 112 | 171 | 185 | 172 | 434 | 10 | (176) | 350.9 | 363.6 |