Flutter Entertainment (NYSE:FLUT) Issues Quarterly Earnings Results

Flutter Entertainment (NYSE:FLUT) announced its earnings results on Thursday. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.37), FiscalAI reports. Flutter Entertainment had a negative net margin of 0.95% and a positive return on equity of 14.42%. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the prior year, the business earned $2.94 earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year.

Here are the key takeaways from Flutter Entertainment’s conference call:

• Flutter delivered strong Q4 headline results (group revenue +25%, Adjusted EBITDA +27%), but FanDuel saw customer churn and some market-share loss after very high NFL gross margins (~19%) led to adverse recycling and mis-timed generosity in Q4.
• The company launched FanDuel Predicts in Q4 with encouraging early signals and is committing to significant investment — guiding prediction markets spend toward the upper end of its prior range (closer to $300 million) to drive customer acquisition and market-making opportunities in non‑regulated states.
• Profitability and cash metrics were mixed — net income and free cash flow declined due to higher interest, tax and M&A/CapEx spend, yet management completed $1 billion of buybacks in 2025, plans $250 million of returns in H1 2026, and targets leverage of 2.0–2.5x over the medium term.
• Operational transformation is progressing — Flutter is on track for targeted $300 million of cost savings by 2027, driven by platform migrations (e.g., Sky Bet, PokerStars, Snai) and efficiency programs that free up investment for growth.
• International momentum continues (Q4 international revenue +19%) with strategic expansions in Italy and Brazil — PokerStars migrations boosted Italian revenues and Brazil customer acquisition is up materially, with increased investment planned to capture share ahead of the 2026 FIFA World Cup.

Flutter Entertainment Stock Up 2.5%

FLUT stock traded up $2.98 on Thursday, reaching $122.82. 6,136,795 shares of the company traded hands, compared to its average volume of 4,536,708. The firm has a fifty day simple moving average of $176.64 and a 200-day simple moving average of $225.04. The company has a market cap of $21.52 billion, a P/E ratio of -94.48, a price-to-earnings-growth ratio of 0.25 and a beta of 1.88. Flutter Entertainment has a one year low of $114.74 and a one year high of $313.68. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96.

Wall Street Analyst Weigh In

Several research analysts have commented on FLUT shares. Needham & Company LLC cut their target price on Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. UBS Group lowered their price target on shares of Flutter Entertainment from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Texas Capital upgraded shares of Flutter Entertainment to a “strong-buy” rating in a report on Thursday, January 8th. Wells Fargo & Company reissued an “equal weight” rating and issued a $228.00 target price (down from $248.00) on shares of Flutter Entertainment in a research note on Wednesday, January 14th. Finally, Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $265.60.

Key Stories Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Oppenheimer kept an “outperform” stance while cutting its price target from $280 to $210 — still signalling upside from current levels. Oppenheimer lowers price target
• Positive Sentiment: Potential U.S. branding consolidation: reports indicate PokerStars US sites may rebrand to FanDuel, which could simplify U.S. operations and strengthen the FanDuel brand. Signs point to PokerStars US rebranding to FanDuel
• Neutral Sentiment: Short interest has risen ~24% in February to ~12.47M shares (~7.1% of float), raising the potential for short‑covering-driven rallies or continued volatility.
• Neutral Sentiment: Shares recently hit 52‑week lows and trade well below the 50‑ and 200‑day moving averages, making the stock a focal point for value/dip buyers and technical traders. Stock hits 52-week lows on Q4
• Negative Sentiment: Disappointing Q4 results: EPS $1.74 vs. $2.11 expected; revenue $4.74B vs. $4.87B consensus. Management said growth moderated and some initiatives underperformed. Q4 earnings miss and call
• Negative Sentiment: Weak FY‑2026 guidance: Flutter forecast modest profit growth and issued revenue guidance (~$18.4B) below street estimates (~$19.2B), citing continued U.S. market challenges and less effective promotional spend. Reuters: forecasts below estimates LSE: slowdown in growth
• Negative Sentiment: Competitive pressure in the U.S.: management and several outlets highlighted slower customer and betting growth as competitors improved products and promotions — a near‑term headwind for FanDuel. CNBC: U.S. market challenges

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds have recently bought and sold shares of the company. Zions Bancorporation National Association UT increased its stake in Flutter Entertainment by 1,685.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares in the last quarter. EFG International AG bought a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $36,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after acquiring an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Flutter Entertainment by 246.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Flutter Entertainment by 74.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock valued at $71,000 after purchasing an additional 106 shares during the last quarter.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.