Q1 25 EPS
$1.59
MISS 15.72%
Est. $1.89
Q1 25 Revenue
$3.67B
BEAT +27.49%
Est. $2.87B
vs S&P Since Q1 25
-89.2%
TRAILING MARKET
FLUT -59.3% vs S&P +30.0%
Market Reaction
Did FLUT Beat Earnings? Q1 2025 Results
Flutter Entertainment posted a mixed first quarter for 2025, delivering a sharp revenue beat while falling short on the bottom line, as customer-friendly March Madness outcomes weighed heavily on sportsbook margins. Revenue climbed 7.9% year-over-yea… Read more Flutter Entertainment posted a mixed first quarter for 2025, delivering a sharp revenue beat while falling short on the bottom line, as customer-friendly March Madness outcomes weighed heavily on sportsbook margins. Revenue climbed 7.9% year-over-year to $3.67 billion, well ahead of the $2.87 billion consensus, but earnings per share of $1.59 missed the $1.89 estimate by 15.72%, with an estimated $230 million adverse revenue impact from unfavorable sports results serving as the primary culprit. Underneath the headline miss, the US segment showed genuine structural progress, with FanDuel holding 43% sportsbook market share and adjusted EBITDA surging to $161 million from just $26 million a year ago. Flutter also completed its acquisitions of Italian operator Snai and Brazil's Betnacional during the period, reinforcing its international expansion strategy. Looking ahead, the company updated full-year guidance to reflect those deals, projecting group revenue of $17.08 billion and adjusted EBITDA of $3.18 billion, representing 22% and 35% year-over-year growth respectively.
Key Takeaways
- • US iGaming AMPs grew 28% reaching 1 million for the first time
- • US sportsbook structural hold expanded to 14.1% driven by Same Game Parlay penetration up 260bps across NFL and NBA
- • US adjusted EBITDA margin expanded 790bps to 9.7% from operating leverage
- • US sales and marketing reduced by 750bps as percentage of revenue to 22.4%
- • Sisal achieved record Italian quarterly market share of 15.4%
- • SEA AMP growth of 25% to 1.8 million
- • Turkey revenue grew 84% in constant currency driven by AMP growth
- • India iGaming revenue growth of 45%
- • Super Bowl LIX delivered record-breaking volumes and customer engagement
FLUT YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
FLUT Revenue by Segment
With YoY comparisons, source: SEC Filings
FLUT Revenue by Geography
With YoY comparisons, source: SEC Filings
“I am pleased with the performance of the business during the first quarter, with the scaling of our US business driving a step change in the earnings profile of the Group.”
— Peter Jackson, Q1 2025 Earnings Press Release
FLUT Earnings Trends
FLUT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FLUT EPS Trend
Earnings per share: estimate vs actual
FLUT Revenue Trend
Quarterly revenue: estimate vs actual
FLUT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.09 | $1.22 | +12.34% | $4.30B | +1.46% |
| Q4 25 BEAT FY | $1.61 | $1.74 | +8.09% | $4.74B | -2.63% |
| FY Full Year | $7.68 | $7.94 | +3.43% | $16.38B | -1.49% |
| Q3 25 BEAT | $0.59 | $1.64 | +178.91% | $3.79B | +31.77% |
| Q2 25 BEAT | $2.11 | $2.95 | +39.55% | $4.19B | +36.13% |
| Q1 25 MISS | $1.89 | $1.59 | -15.72% | $3.67B | +27.49% |