Flutter Entertainment (NYSE:FLUT) Issues Earnings Results

Flutter Entertainment (NYSE:FLUT) released its quarterly earnings results on Thursday. The company reported $1.74 earnings per share 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 firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the previous year, the company earned $2.94 earnings per share. Flutter Entertainment’s quarterly revenue 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 Price Performance

FLUT traded up $2.98 during trading on Thursday, hitting $122.82. 6,136,795 shares of the company traded hands, compared to its average volume of 4,536,708. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The company has a market cap of $21.52 billion, a PE ratio of -94.48, a P/E/G ratio of 0.25 and a beta of 1.88. The stock’s 50-day simple moving average is $176.64 and its two-hundred day simple moving average is $225.04. Flutter Entertainment has a 1 year low of $114.74 and a 1 year high of $313.68.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FLUT. Morgan Stanley cut their price target on Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Bank of America reduced their target price on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Needham & Company LLC cut their price objective on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Oppenheimer decreased their target price on Flutter Entertainment from $280.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Texas Capital upgraded Flutter Entertainment to a “strong-buy” rating in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $265.60.

Key Flutter Entertainment News

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 and other institutional investors have recently added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new stake in Flutter Entertainment in the second quarter worth $405,000. AXA S.A. bought a new stake in shares of Flutter Entertainment in the 2nd quarter worth about $234,000. Coldstream Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the 3rd quarter valued at about $207,000. Captrust Financial Advisors bought a new position in shares of Flutter Entertainment in the 2nd quarter valued at about $203,000. Finally, Quarry LP grew its position in Flutter Entertainment by 694.8% in the third quarter. Quarry LP now owns 763 shares of the company’s stock worth $194,000 after acquiring an additional 667 shares in 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.