# Flutter Entertainment (FLUT.US)

Canonical: https://gigainvestors.com/s/FLUT

Analysis as of: 2026-10-16T07:28:34.507Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $76.18 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 75% since Aug 2025 · "Flutter Stock Sinks After Brazil Bans Online Betting" (finance.yahoo.com, Sep 2026)

Story as of 2026-10-16T09:58:46.231Z; price observation 2026-10-15.

- 2025-04-09: Regulatory Approval Achieved For Snai Acquisition ([finance.yahoo.com](https://finance.yahoo.com/news/regulatory-approval-achieved-snai-acquisition-161200066.html))

- 2025-11-27: Flutter warns over earnings hit from Budget gambling tax blow ([uk.finance.yahoo.com](https://uk.finance.yahoo.com/news/flutter-warns-over-earnings-hit-080556265.html))

- 2026-02-27: Flutter Stock Falls on Slow NFL Season, Prediction-Markets Threat ([finance.yahoo.com](https://finance.yahoo.com/m/e7ab4687-e633-37cc-917d-a2ac67ff7998/flutter-stock-falls-on-slow.html))

- 2026-08-05: Flutter Stock Falls After Earnings Miss Expectations, CEO Steps Down ([finance.yahoo.com](https://finance.yahoo.com/m/f619be3e-a162-3863-8fc8-09c7cc9261f5/flutter-stock-falls-after.html))

- 2026-09-28: Flutter Stock Sinks After Brazil Bans Online Betting ([finance.yahoo.com](https://finance.yahoo.com/m/421dd85c-bf88-3f23-8211-dd11bcb493f3/flutter-stock-sinks-after.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in gambling; annual sales are USD 16.4 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1635327/000163532726000005/flut-20251231.htm (filed 2026-02-26); FY2025: revenue 16383000000; grossProfit 7404000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FLUT.US: Flutter Entertainment plc operates as a sports betting and gaming company in the United States, the United Kingdom, Ireland, Australia, Italy, and internationally. It provides sportsbooks; iGaming products, such as blackjack, roulette, slot machines, poker, and rummy, as well as lottery products; and sports betting products, which include Betfair betting exchanges, daily fantasy sports, and horse racing wagering under the TVG brand. The company offers sports betting and gaming services through fanduel.com, tvg.com, betfair.com, paddypower.com, and paddypower.ie, sportsbet.com.au, pokerstars.com, betfair.com, sisal.it, maxbet.rs, and adjarabet.com websites under the FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, TVG, Adjarabet, and MaxBet brands, as well as live poker tours and events. It also provides business-to-business pricing and risk management services. The company was formerly known as Paddy Power Betfair plc and changed its name to Flutter Entertainment plc in 2019. Flutter Entertainment plc was incorporated in 1958 and is headquartered in New York, New York.

### Why customers stay

Margins ranged from 45.2% to 47.7% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); FY2023: grossProfit / revenue = 47.4%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); FY2024: grossProfit / revenue = 47.7%.

- Source: https://www.sec.gov/Archives/edgar/data/1635327/000163532726000005/flut-20251231.htm (filed 2026-02-26); FY2025: grossProfit / revenue = 45.2%.

### Where the cash goes

Paid no dividends in 4 years; bought back USD 1.1 billion of shares.

- Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001635327.json#0001628280-25-009852 (filed 2026-02-26); FY2022: growth capex 0; upkeep 122000000; cash acquisitions 2095000000; owner earnings 583000000. Growth capex plus acquisitions / owner earnings = 3.5934819897084047.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); FY2024: growth capex 0; upkeep 661000000; cash acquisitions 160000000; owner earnings 402358024.69135803. Growth capex plus acquisitions / owner earnings = 0.39765579454450617.

- Source: https://www.sec.gov/Archives/edgar/data/1635327/000163532726000005/flut-20251231.htm (filed 2026-02-26); FY2025: growth capex 0; upkeep 105000000; cash acquisitions 2688000000; owner earnings 1032000000. Growth capex plus acquisitions / owner earnings = 2.604651162790698.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); Dividend observations: [[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1635327/000163532726000005/flut-20251231.htm (filed 2026-02-26); FY2025: cash repurchases 1123000000 USD.

### Are managers owners

Insiders own 19% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FLUT.US SharesStats.PercentInsiders = 18.953999999999997 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.8 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-26); Closing price 76.18 USD; reporting-to-trading FX 1; FY2025 annual sales per share 92.55932203389831; price multiple 0.8230397363120308. FY2025 cash earnings/share 5.830508474576271. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-12: $109.84 per share

- 2017-01: $102.50 per share

- 2017-03: $111.65 per share

- 2017-04: $109.86 per share

- 2017-07: $102.86 per share

- 2017-08: $99.78 per share

- 2017-09: $98.47 per share

- 2017-10: $105.60 per share

- 2017-11: $118.37 per share

- 2017-12: $122.01 per share

- 2018-01: $120.18 per share

- 2018-04: $100.28 per share

- 2018-05: $120.18 per share

- 2018-06: $113.18 per share

- 2018-07: $113.57 per share

- 2018-08: $94.33 per share

- 2018-09: $90.72 per share

- 2018-10: $88.86 per share

- 2018-11: $91.49 per share

- 2018-12: $82.96 per share

- 2019-01: $85.08 per share

- 2019-02: $82.65 per share

- 2019-03: $81.26 per share

- 2019-04: $89.01 per share

- 2019-05: $72.62 per share

- 2019-06: $77.02 per share

- 2019-07: $90.35 per share

- 2019-08: $86.84 per share

- 2019-09: $97.07 per share

- 2019-10: $99.24 per share

- 2019-11: $118.11 per share

- 2019-12: $118.89 per share

- 2020-01: $120.13 per share

- 2020-02: $110.69 per share

- 2020-03: $92.06 per share

- 2020-04: $120.61 per share

- 2020-05: $129.00 per share

- 2020-06: $133.50 per share

- 2020-07: $150.00 per share

- 2020-08: $166.00 per share

- 2020-09: $159.17 per share

- 2020-10: $172.45 per share

- 2020-11: $186.62 per share

- 2020-12: $205.90 per share

- 2021-01: $186.53 per share

- 2021-02: $192.00 per share

- 2021-03: $215.92 per share

- 2021-04: $205.01 per share

- 2021-05: $185.00 per share

- 2021-06: $181.62 per share

- 2021-07: $173.00 per share

- 2021-08: $194.50 per share

- 2021-09: $198.00 per share

- 2021-10: $189.00 per share

- 2021-11: $139.50 per share

- 2021-12: $157.50 per share

- 2022-01: $151.76 per share

- 2022-02: $141.37 per share

- 2022-03: $116.00 per share

- 2022-04: $99.75 per share

- 2022-05: $122.03 per share

- 2022-06: $102.15 per share

- 2022-07: $100.10 per share

- 2022-08: $128.03 per share

- 2022-09: $106.32 per share

- 2022-10: $133.51 per share

- 2022-11: $148.50 per share

- 2022-12: $134.75 per share

- 2023-01: $154.63 per share

- 2023-02: $157.75 per share

- 2023-03: $181.60 per share

- 2023-04: $198.50 per share

- 2023-05: $195.30 per share

- 2023-06: $194.66 per share

- 2023-07: $199.35 per share

- 2023-08: $184.00 per share

- 2023-09: $160.78 per share

- 2023-10: $155.60 per share

- 2023-11: $157.90 per share

- 2023-12: $179.00 per share

- 2024-01: $207.64 per share

- 2024-02: $217.86 per share

- 2024-03: $197.49 per share

- 2024-04: $186.26 per share

- 2024-05: $192.09 per share

- 2024-06: $182.36 per share

- 2024-07: $197.40 per share

- 2024-08: $212.41 per share

- 2024-09: $237.28 per share

- 2024-10: $232.77 per share

- 2024-11: $276.32 per share

- 2024-12: $258.45 per share

- 2025-01: $266.97 per share

- 2025-02: $280.59 per share

- 2025-03: $221.55 per share

- 2025-04: $240.99 per share

- 2025-05: $252.70 per share

- 2025-06: $285.76 per share

- 2025-07: $302.26 per share

- 2025-08: $307.17 per share

- 2025-09: $254.00 per share

- 2025-10: $232.59 per share

- 2025-11: $208.81 per share

- 2025-12: $215.04 per share

- 2026-01: $165.15 per share

- 2026-02: $106.14 per share

- 2026-03: $101.95 per share

- 2026-04: $107.93 per share

- 2026-05: $96.98 per share

- 2026-06: $102.17 per share

- 2026-07: $104.47 per share

- 2026-08: $100.18 per share

- 2026-09: $74.54 per share

- 2026-10: $76.18 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1635327/000163532726000005/flut-20251231.htm); period 2025-12-31, filed 2026-02-26.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.