Flutter Entertainment plc

NYSE:FLUT Stock Report

Market Cap: US$17.2b

Flutter Entertainment Future Growth

Future criteria checks 4/6

Flutter Entertainment is forecast to grow earnings and revenue by 47.8% and 8.8% per annum respectively. EPS is expected to grow by 47.4% per annum. Return on equity is forecast to be 20.3% in 3 years.

Key information

47.8%

Earnings growth rate

47.36%

EPS growth rate

Hospitality earnings growth18.0%
Revenue growth rate8.8%
Future return on equity20.32%
Analyst coverage

Good

Last updated07 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 24

FLUT: Global Scale And Prediction Markets Will Support Post 2026 Sentiment Reset

The analyst-derived fair value estimate for Flutter Entertainment has shifted lower to about $188 from roughly $197, as analysts factor in softer U.S. sports betting trends, reduced revenue growth assumptions, slightly higher discount rates, and a lower forward P/E multiple following a broad wave of target cuts and downgrades across the Street. Analyst Commentary Recent Street research on Flutter Entertainment has turned more cautious overall, with a cluster of target cuts and several downgrades, but there is still a split between those who see reset expectations as an opportunity and those who remain focused on execution risks, especially in the U.S. online sports betting market.
Seeking Alpha • Apr 14

Flutter Entertainment: The Sell-Off Overstates The Risks Of This Hard To Disrupt Business

Summary Flutter Entertainment trades at a discounted valuation despite strong global execution and dominant U.S. market share in online sports betting and iGaming. FY’25 revenues grew 17% and EBITDA 21%, but guidance reset for 2026 reflects U.S. slowdown, regulatory headwinds, and higher taxes, unsettling investors. FLUT is targeting $300 million in cost savings by 2027, aggressive share buybacks, and deleveraging toward 2.0–2.5x, supporting margin protection and capital returns. At 8.4x EV/EBITDA and 14.2x P/E, FLUT is valued for zero growth, but FanDuel’s 41% share and international strength suggest upside as headwinds appear priced in. Read the full article on Seeking Alpha
Narrative Update • Apr 10

FLUT: Global Scale And Prediction Markets Will Underpin Post 2026 Recovery Narrative

Analysts have trimmed their average price target on Flutter Entertainment to about $197 from roughly $207, citing softer revenue growth assumptions, a slightly higher required return, lower future P/E expectations, and updated views on U.S. and international headwinds following recent Q4 results and guidance resets. Analyst Commentary Recent research on Flutter Entertainment has shifted toward more cautious pricing, but views are not one sided.
Narrative Update • Mar 27

FLUT: Global Scale And Prediction Markets Will Support Post 2026 Earnings Reset

Flutter Entertainment's analyst price target has been trimmed slightly to about $207 from roughly $213, as analysts factor in softer margins, a small adjustment to revenue growth expectations, and ongoing concerns around U.S. sports betting competition and recent quarterly misses. Analyst Commentary Recent Street research on Flutter Entertainment clusters around two clear themes, with price targets reduced across the board but views split on how temporary the current pressure might be and how much of it is already reflected in the share price.
Narrative Update • Mar 12

FLUT: Global Scale And Prediction Markets Will Support Post 2026 Earnings Recovery

Flutter Entertainment's updated analyst price target moves lower to about $213 from roughly $272, as analysts factor in weaker recent results, softer 2026 guidance, higher leverage, and increased competitive and regulatory pressures in their revenue growth, profit margin, and P/E assumptions. Analyst Commentary Recent Street research on Flutter Entertainment reflects a clear reset in expectations, with most firms cutting price targets but often maintaining positive or neutral recommendations.
Narrative Update • Feb 26

FLUT: Global Scale And Prediction Markets Will Support Long Term Earnings Power

Our updated fair value estimate for Flutter Entertainment edges down by about $2 to $272 per share, as analysts trim price targets and slightly adjust assumptions for the discount rate, revenue growth, and future P/E following broader sector rerating and estimate revisions. Analyst Commentary Street research on Flutter Entertainment has shifted toward more cautious positioning, with a cluster of price target reductions and a few more positive updates.
Narrative Update • Feb 11

FLUT: U.S. Sports Betting Expansion Will Counter U.K. Tax And Promotion Pressures

Analysts have trimmed their average price target on Flutter Entertainment to about $275 from roughly $285. This reflects slightly lower assumptions for revenue growth and profit margins, a modestly higher discount rate, and a higher future P/E multiple based on recent sector research updates.
Analysis Article • Feb 03

With A 26% Price Drop For Flutter Entertainment plc (NYSE:FLUT) You'll Still Get What You Pay For

The Flutter Entertainment plc ( NYSE:FLUT ) share price has fared very poorly over the last month, falling by a...
Narrative Update • Jan 27

FLUT: U.S. Sports Betting Liberalization Will Offset U.K. Gaming Tax And Promotion Headwinds

Analysts have trimmed their fair value estimate for Flutter Entertainment by roughly US$10 to US$285. This reflects slightly higher discount rates and lower target P/E multiples, even as they factor in modestly stronger revenue growth and profit margin assumptions supported by recent Street research updates and mixed rating changes.
Narrative Update • Jan 12

FLUT: Future U.S. Market Liberalization Will Offset U.K. Gaming Tax Drag

Analysts have trimmed their fair value estimate for Flutter Entertainment by about US$4 to roughly US$296 per share. This reflects slightly higher discount-rate and tax headwind assumptions, partly offset by unchanged views on the company’s scale, diversification and U.S. growth optionality highlighted across recent research.
Narrative Update • Dec 16

FLUT: Future U.S. Liberalization Will Outweigh U.K. Gaming Tax Pressures

Analysts have nudged our fair value estimate for Flutter Entertainment slightly lower to $299.52 from $303.07, reflecting trimmed valuation multiples despite modest upgrades to long term revenue growth and margin assumptions, as they balance UK tax headwinds, softer near term U.S. sports results and prediction market noise against still supportive Buy skew and expectations for regulatory catalysts. Analyst Commentary Street research remains broadly constructive on Flutter Entertainment, with most firms reiterating positive ratings while trimming price targets to reflect tax, regulatory and sports margin uncertainty.
Narrative Update • Dec 02

FLUT: U.S. Market Expansion Will Offset U.K. Tax Headwinds Moving Forward

Flutter Entertainment's consensus analyst price target has decreased modestly, dropping from $314.62 to $303.07, as analysts cite UK gaming tax headwinds, margin pressures, and near-term volatility. However, the long-term growth outlook is seen as intact.
Narrative Update • Nov 18

FLUT: Share Price Pullback Will Present Opportunity As Sector Dynamics Shift

Flutter Entertainment's consensus analyst price target has been lowered by approximately $16 to $314. Analysts cite ongoing uncertainty around sports outcomes, heightened competitor promotions, and evolving dynamics in the prediction markets sector.
Narrative Update • Nov 02

FLUT: Recent Prediction Market Volatility Will Unlock Buying Opportunity

Flutter Entertainment's analyst price target has been reduced slightly to $330 from $340, as analysts cite near-term headwinds and expectations for a softer Q3. However, they continue to view the company as well positioned in the industry.
Narrative Update • Oct 18

Brazil And US Markets Will Unlock iGaming Opportunities

Analysts have modestly lowered their price target for Flutter Entertainment, citing near-term headwinds and soft NFL results. The target has been reduced by $10 to $330, but the analysts emphasize the company's enduring long-term prospects.
Narrative Update • Oct 03

Brazil And US Markets Will Unlock iGaming Opportunities

Flutter Entertainment’s consensus analyst price target has edged down from $345 to $340. Analysts cite softer-than-expected sports betting margins in September, despite earlier quarter strength, as the primary rationale for the revision.
Narrative Update • Aug 08

Brazil And US Markets Will Unlock iGaming Opportunities

The Consensus Analyst Price Target for Flutter Entertainment has been revised upward to $342.80, reflecting improved profitability and a lower forward P/E multiple. What's in the News Flutter Entertainment is nearing an agreement to acquire an additional 5% stake in FanDuel from Boyd Gaming for approximately $2 billion, with a potential announcement expected this week (Sky News).
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New Narrative • Apr 27

US Expansion, Product Development And Acquisitions Will Create Future Value

Expansion into the U.S. and new markets aims to drive future revenue growth and strengthen Flutter's geographic presence.
Seeking Alpha • Mar 20

Flutter Entertainment: Gambling Obsession Could Pay Off Big

Summary Flutter Entertainment plc is a global leader in one of the more intriguing growth industries of our time, legalized gambling. My investment thesis highlights strong revenue growth and market expansion as key drivers. FLUT has dipped in price, allowing me to step in as part of my new long-term growth portfolio. I rate FLUT a buy with a 3-year time frame. Read the full article on Seeking Alpha
Seeking Alpha • Jan 20

Flutter (FanDuel): 7 States Nearing Final Debate On Sports Betting, Outlook Promising

Summary Seven states pulling nearer to next steps to legalization of sports betting favors FLUT disproportionately as sector leader. We see 2 or possibly 3 advancing to the doorstep of going legal. The latest GeoComply report shows unmet demand in those states is huge. Read the full article on Seeking Alpha
Seeking Alpha • Jan 14

Flutter: FanDuel's Battle With DraftKings Continues

Summary Flutter Entertainment plc's FanDuel has gained the number one U.S. spot in both sports betting and iGaming with a continued close battle with DraftKings. FanDuel and DraftKings have established a strong combined foothold in the industry, and competitive advantages from scale in especially sports betting challenges competitors' market penetration. Flutter's ex-U.S. performance has also shown solid growth with similar competitive advantages, aided by market growth in even more mature markets. FLUT stock already prices in strong earnings growth prospects, and I estimate a fair value of $247. Read the full article on Seeking Alpha
Seeking Alpha • Nov 06

3 Reasons To Bet On Flutter's 'License To Print Money'

Summary FLUT's strong revenue growth, driven by FanDuel and expanding markets, positions it for continued top-line expansion, potentially reaching $20 billion by FY 2028. Operational improvements and margin expansion are expected to boost profitability, with operating margins projected to grow significantly, enhancing shareholder returns. Despite FLUT's breakeven status over the last twelve months, the company's future growth potential makes it an attractive investment. We rate FLUT a 'Strong Buy'. Read the full article on Seeking Alpha
Seeking Alpha • Sep 09

Flutter: This NFL Season Has Big Gifts For Sports Betting Sites

Summary Ben Graham's intrinsic value formula is highlighted as a simple, accurate method to gauge stock value, despite its imperfections. Flutter Entertainment plc and DraftKings Inc. dominate the US sports betting market, controlling 68-72% and showing strong revenue growth. Flutter is preferred for its stability, global presence, and profitability, while DKNG is considered undervalued with potential growth through mergers. The NFL season is expected to drive record betting volumes, benefiting Flutter Entertainment significantly due to its scale and market leadership. Read the full article on Seeking Alpha
Seeking Alpha • Jul 19

Flutter Entertainment: Leading The U.S. Market With International Expertise, Fairly Priced

Summary Flutter Entertainment provides sports betting and gaming services globally, leading the rapidly growing FanDuel US brand with international expertise. The company's international operations provide stable cash flows to finance extensive US investments, with the markets being more mature but also posed with higher regulatory risks. The stock valuation seems expensive on the surface, but with FanDuel's growth potential, the stock is priced fairly. Read the full article on Seeking Alpha
Seeking Alpha • May 06

Flutter: Nurturing The Kentucky Derby, A Possible One Event Betting Phenomenon

Summary Flutter Entertainment plc is focusing on the revival of horse racing as a valuable business for sports betting. Its partnership with Churchill Downs gives it an advantage in developing this legacy betting sport. Flutter Entertainment's three-year sales growth projection is powerful, with a projected revenue of $11.7 billion in 2023. Read the full article on Seeking Alpha
Seeking Alpha • Mar 31

Flutter Entertainment: It's All About Scale In The Sports Betting Sector

Summary Flutter's transition to trading on the NYSE has increased its penetration into the US investor pools. FLUT, the largest international online sports betting platform, is expected to benefit from its scale against peers. The growth of Fan Duel in the US has been a major driver of FLUT's success, and the company is projected to turn profitable this year. Read the full article on Seeking Alpha
Seeking Alpha • Feb 07

Flutter: Newly Traded NYSE Sports Betting Giant Could Be A Big Gainer

Summary Flutter Entertainment plc is a global leader in the online gaming sector, generating 60% of its revenue. Flutter Entertainment's international business and revenue base make it undervalued compared to its U.S. competitor DraftKings. ESPNBet and Fanatics are potential disruptors in the market, but their impact on Flutter Entertainment and DraftKings is expected to be minimal. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:FLUT - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202822,0111,3822,1613,05018
12/31/202720,1588611,8022,45429
12/31/202618,3314391,1091,77229
3/31/202617,022-3754721,326N/A
12/31/202516,383-3104121,184N/A
9/30/202515,438-2217471,408N/A
6/30/202514,8923668341,489N/A
3/31/202514,3165228491,453N/A
12/31/202414,048439411,602N/A
9/30/202413,569-9506401,341N/A
6/30/202412,879-1,1229621,605N/A
3/31/202412,269-1,3166961,323N/A
12/31/202311,790-1,222335937N/A
9/30/202311,321-462437956N/A
6/30/202311,076-322250763N/A
3/31/202310,285-463454923N/A
12/31/20229,463-4327341,163N/A
9/30/20229,863-922218637N/A
6/30/20227,756-537420799N/A
3/31/20228,150-563543940N/A
12/31/20218,308-923194553N/A
9/30/20218,063-3279021,273N/A
6/30/20218,203-961,1881,541N/A
3/31/20217,130-221,1341,456N/A
12/31/20206,036521,0751,365N/A
9/30/20204,561807641,003N/A
6/30/20203,291106492689N/A
3/31/20202,982143426606N/A
12/31/20192,835191N/A556N/A
9/30/20192,562206N/A485N/A
6/30/20192,574242N/A469N/A
3/31/20192,540255N/A456N/A
12/31/20182,388257N/A421N/A
9/30/20182,384274N/A471N/A
6/30/20182,356289N/A518N/A
3/31/20182,477307N/A606N/A
12/31/20172,356294N/A637N/A
9/30/20172,254235N/A535N/A
6/30/20172,109172N/A427N/A
3/31/20171,95579N/A333N/A
12/31/20161,849-7N/A252N/A
9/30/20161,6960N/A260N/A
6/30/20161,4847N/A261N/A
3/31/20161,37682N/A277N/A
12/31/20151,171160N/A278N/A
9/30/20151,176171N/A279N/A
6/30/20151,148183N/A267N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLUT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: FLUT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FLUT is expected to become profitable in the next 3 years.

Revenue vs Market: FLUT's revenue (8.8% per year) is forecast to grow slower than the US market (11.4% per year).

High Growth Revenue: FLUT's revenue (8.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FLUT's Return on Equity is forecast to be high in 3 years time (20.3%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 05:24
End of Day Share Price 2026/05/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Flutter Entertainment plc is covered by 47 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pierre-Marie D'OrnanoArete Research Services LLP
Brandt MontourBarclays
James Rowland ClarkBarclays