Q3 25 EPS
$1.64
BEAT +178.91%
Est. $0.59
Q3 25 Revenue
$3.79B
BEAT +31.77%
Est. $2.88B
vs S&P Since Q3 25
-66.4%
TRAILING MARKET
FLUT -57.1% vs S&P +9.3%
Market Reaction
Did FLUT Beat Earnings? Q3 2025 Results
Flutter Entertainment posted a decisively strong Q3 2025 on the headline numbers, with adjusted EPS of $1.64 clearing the $0.59 consensus estimate by 178.91% and revenue of $3.79 billion beating expectations by 31.77% while climbing 16.8% year-over-y… Read more Flutter Entertainment posted a decisively strong Q3 2025 on the headline numbers, with adjusted EPS of $1.64 clearing the $0.59 consensus estimate by 178.91% and revenue of $3.79 billion beating expectations by 31.77% while climbing 16.8% year-over-year, yet the underlying story was considerably more complicated. A $556 million non-cash impairment of the Junglee business, triggered after India banned online real-money gaming, combined with a $205 million payment to Boyd Gaming to revise US market access terms, drove the GAAP net loss to $789 million from $114 million a year ago. In the US, FanDuel's iGaming revenue surged 44%, though sportsbook revenue slipped 5% as customer-friendly NFL outcomes and aggressive competitor promotions pressured margins. Flutter responded with the planned December launch of "FanDuel Predicts," a prediction market product targeting states without regulated sportsbooks. The company cut full-year 2025 revenue guidance by $570 million to $16.69 billion and trimmed adjusted EBITDA expectations by $380 million to $2.92 billion, citing sports result volatility, competitive investment, and the India shutdown.
Key Takeaways
- • iGaming revenue growth of 44% in the US and 31% internationally drove overall revenue growth
- • Snai and Betnacional acquisitions contributed 18 percentage points of international revenue growth
- • Customer-friendly sports results negatively impacted sportsbook revenue by $45m in the US and across International markets
- • Non-controlling interest credits of $99m boosted adjusted EPS by 29%
- • Higher competitive intensity at NFL season start suppressed FanDuel handle growth and SGP penetration temporarily
FLUT YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
FLUT Revenue by Segment
With YoY comparisons, source: SEC Filings
FLUT Revenue by Geography
With YoY comparisons, source: SEC Filings
“Flutter delivered a solid third quarter, with continued momentum in both our US and International businesses. We are the clear number one operator in the US, and we will continue to build on that position to drive future profitability. Our strategic investments, including the launch of FanDuel Predicts and recent International acquisitions, position us exceptionally well to capture new opportunities and deliver sustainable, profitable growth. Our diversified portfolio and disciplined approach give me great confidence in our ability to lead the industry and increase long-term value for shareholders.”
— Peter Jackson, Q3 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% |