LSE$FLUT

Flutter Entertainment · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Flutter Entertainment reported Q4 2025 revenue of $4.74B, net income of $10M, and adjusted EBITDA of $832M.

Q4 2025 revenue was $4.737 billion (+25% YoY) with net income of $10 million versus $156 million a year ago. Adjusted EBITDA was $832 million (+27%) with margin 17.6%. Average monthly players rose 3% to 15.1 million; the company introduced 2026 guidance.

  • Revenue $4.74B (+25% YoY).
  • Net income $10M; adj. EBITDA $832M (+27%).
  • AMPs 15.1M (+3% YoY).
  • 2026 guidance introduced.

Headline financials

Total Revenue

$4.74B

No prior period
EPS (adj)

$0.07

No prior period
Adjusted EBITDA

$832M

No prior period
Adjusted EBITDA Margin

17.6%

No prior period
Average Monthly Players

15.1M

No prior period
Net Cash from Operations

$428M

No prior period
Leverage Ratio

3.7

No prior period
Net Income

$10M

No prior period
Operating Income

$832M

No prior period
Gross Profit

$2.11B

No prior period

Revenue & EPS history

Flutter · Revenue · Quarterly

$4.74B

Q4 2025
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Forward guidance

2026 guidance reflects U.S. FanDuel scaling, international iGaming, and sports betting hold normalization.

Tailwinds

  • Global online betting leadership.
  • U.S. state launches and share gains.

Headwinds

  • Net income down on financing and tax items.
  • Regulatory and responsible gaming scrutiny.

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 Q4 2025

Historical avgQ4 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%

Discussion

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