FLUT (Flutter Entertainment plc) Stock Financials & Earnings | Market Cap Arena

FLUT (Flutter Entertainment plc) Stock Financials & Earnings | Market Cap Arena

FLUTFlutter Entertainment plc

Mkt Cap$19B

Consumer Cyclical·Gambling, Resorts & Casinos·🇮🇪 Ireland·NYSE

Revenue (TTM)$16.4B

Net Income (TTM)-$341M

EPS (TTM)-$1.73

Free Cash Flow (TTM)$663M

Gross Margin45.2%

Op. Margin5.5%

Net Margin-2.1%

FCF Margin4.0%

P/S Ratio (TTM)1.1x

P/E Ratio (TTM)—

YoY Rev Growth+16.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.9B	$1.4B	-$15M
Q2 23	$3.0B	$1.5B	$222M
Q3 23	$2.6B	$1.2B	-$137M
Q4 23	$3.3B	$1.5B	-$619M
Q1 24	$3.4B	$1.6B	$124M
Q2 24	$3.6B	$1.8B	$369M
Q3 24	$3.2B	$1.5B	$97M
Q4 24	$3.8B	$1.8B	$279M
Q1 25	$3.7B	$1.7B	$223M
Q2 25	$4.2B	$2.0B	$389M
Q3 25	$3.8B	$1.6B	-$54M
Q4 25	$4.7B	$2.1B	$335M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	1.6x	—
Q3 23	1.6x	—
Q4 23	1.6x	—
Q1 24	1.5x	—
Q2 24	1.4x	—
Q3 24	1.4x	—
Q4 24	1.3x	245.6x
Q1 25	1.3x	30.9x
Q2 25	1.3x	50.7x
Q3 25	1.2x	—
Q4 25	1.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$49M	-$176M
Q2 23	$41M	$10M
Q3 23	$554M	$434M
Q4 23	$391M	$172M
Q1 24	$337M	$185M
Q2 24	$323M	$171M
Q3 24	$290M	$112M
Q4 24	$652M	$473M
Q1 25	$188M	$88M
Q2 25	$359M	$156M
Q3 25	$209M	$25M
Q4 25	$430M	$394M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$127M
Q2 23	$31M
Q3 23	$120M
Q4 23	$219M
Q1 24	$152M
Q2 24	$152M
Q3 24	$178M
Q4 24	$179M
Q1 25	$100M
Q2 25	$203M
Q3 25	$184M
Q4 25	$36M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	-10.0%	-6.8%
Q4 23	+16.5%	+36.0%
Q1 24	+16.4%	+11.6%
Q2 24	+20.3%	+16.7%
Q3 24	+27.0%	+16.9%
Q4 24	+14.5%	-10.7%
Q1 25	+7.9%	+5.2%
Q2 25	+16.0%	+17.1%
Q3 25	+16.8%	+22.1%
Q4 25	+24.9%	+25.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$46M	1.6%
Q2 23	$64M	2.1%
Q3 23	$27M	1.1%
Q4 23	$55M	1.7%
Q1 24	$41M	1.2%
Q2 24	$59M	1.6%
Q3 24	$53M	1.6%
Q4 24	$49M	1.3%
Q1 25	$57M	1.6%
Q2 25	$72M	1.7%
Q3 25	$71M	1.9%
Q4 25	$60M	1.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$168M	$342M	$882M	—
Q2 23	$176M	$445M	$667M	—
Q3 23	$214M	$394M	$701M	—
Q4 23	$207M	$415M	$801M	—
Q1 24	$190M	$409M	$881M	—
Q2 24	$216M	$445M	$746M	—
Q3 24	$213M	$438M	$748M	—
Q4 24	$201M	$516M	$830M	—
Q1 25	$215M	$431M	$840M	—
Q2 25	$256M	$525M	$789M	—
Q3 25	$275M	—	—	$1.4B
Q4 25	$245M	$862M	$668M	—

Revenue Segments

Quarter	Other	Sports Book	I Gaming
Q1 24	$147M	$1.9B	$1.4B
Q2 24	$161M	$2.1B	$1.4B
Q3 24	$128M	$1.7B	$1.4B
Q4 24	$129M	$2.1B	$1.5B
Q1 25	$129M	$2.0B	$1.5B

Revenue by Geography

Quarter	Australia	Ireland	Italy	Rest of the world	United Kingdom	United States
Q1 24	$329M	$77M	$365M	$445M	$782M	$1.4B
Q2 24	$349M	$76M	$371M	$472M	$848M	$1.5B
Q3 24	$371M	$72M	$346M	$459M	$765M	$1.2B
Q4 24	$348M	$79M	$402M	$479M	$884M	$1.6B
Q1 25	$271M	$75M	$405M	$486M	$799M	$1.6B
Q2 25	$358M	$77M	$602M	$563M	$849M	$1.7B
Q3 25	$336M	$73M	$694M	$594M	$767M	$1.3B
Q4 25	$350M	$78M	$831M	$625M	$783M	$2.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$0	$5.6B	$5.6B
Q2 23	$2.1B	$179M	$2.3B
Q3 23	$2.7B	$141M	$2.8B
Q4 23	$3.3B	$172M	$3.4B
Q1 24	$3.2B	$173M	$3.3B
Q2 24	$3.2B	$174M	$3.4B
Q3 24	$3.4B	$156M	$3.5B
Q4 24	$3.5B	$130M	$3.6B
Q1 25	$3.3B	$127M	$3.5B
Q2 25	$3.4B	$30M	$3.5B
Q3 25	$3.7B	$26M	$3.7B
Q4 25	$3.8B	$23M	$3.9B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	177M	-0.2%
Q2 23	180M	+1.7%
Q3 23	178M	-1.1%
Q4 23	176M	-0.8%
Q1 24	178M	+0.9%
Q2 24	180M	+1.1%
Q3 24	178M	-1.1%
Q4 24	178M	+0.0%
Q1 25	180M	+1.1%
Q2 25	179M	-0.6%
Q3 25	179M	+0.0%
Q4 25	179M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	$511K	23K
FY 24	$514K	27K
FY 25	$574K	29K