LSE$FLUT

Flutter Entertainment · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Flutter Entertainment reported Q3 2025 revenue of $3.79B with a net loss of $789M.

Revenue increased 17% to $3.79 billion for the quarter ended September 30, 2025, including contributions from Snai and NSX acquisitions. Net loss widened to $789 million from $114 million a year ago on acquisition-related and tax items; US iGaming grew 44% while sportsbook revenue faced competitive pressure.

  • Q3 revenue $3.79B (+17% YoY).
  • Net loss $789M; net loss margin 20.8%.
  • US iGaming revenue +44% YoY; sportsbook -5% in US segment.
  • International segment +21% on acquisitions and iGaming momentum.

Headline financials

Total Revenue

$3.79B

No prior period
EPS (adj)

$1.64

No prior period
Adjusted EBITDA

$478M

No prior period
Adjusted EBITDA Margin

12.6%

No prior period
Average Monthly Players

14.1M

No prior period
Net Cash from Operations

$209M

No prior period
Leverage Ratio

4

No prior period
Net Income

-$789M

No prior period
Operating Income

-$834M

No prior period
Gross Profit

$1.63B

No prior period

Revenue & EPS history

Flutter · Revenue · Quarterly

$3.79B

Q3 2025
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Forward guidance

Management discusses multi-quarter growth, capital allocation, and segment outlook in the earnings materials.

Tailwinds

  • Revenue or user/booking growth metrics cited versus prior year.
  • Balance sheet, cash flow, or liquidity support ongoing investment.
  • Strategic initiatives (contracts, GMV, USDC, iGaming) highlighted.

Headwinds

  • Competitive pressure or mix may affect margins quarter to quarter.
  • Acquisition, tax, or fair-value items can distort GAAP earnings.
  • Macro and regulatory factors remain key swing factors.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 2 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-14.0%

Avg return

Earnings day

-13.0%

Avg return

5 days after

-11.6%

Avg return

30 days after

0%

0 / 2 earnings

Positive

-13.8%

Q4 2025

Best reaction

-14.3%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-13.8%-8.5%-18.4%
Q3 2025-14.3%-17.6%-4.9%

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