← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Flutter grew revenue 16.6% to $16.38B with FanDuel up 20% and two acquisitions, but a $517 million India goodwill write-off and higher taxes turned it to a $407.0M net loss while debt rose 82.1% to $12.27B
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 16.6% to $16.38B; U.S. up 20%OK
- Profitability — Net loss $407.0M; operating margin down 597 bps to 0.22%Watch
- Balance sheet — Debt up 82.1% to $12.27B; equity down 2.7%Watch
- Accounting quality — Grey-zone balance-sheet screen; no manipulation flag; earnings quality greyNote
- Capital allocation — Buybacks up 412.8% to $1.12B; no dividend since May 2020Note
- Market position — About 41% share of U.S. online sports betting where FanDuel is liveOK
Business
Flutter is the world's largest online sports betting and iGaming operator by revenue, running FanDuel in the U.S. and Sky Betting & Gaming, Paddy Power, Betfair, Sportsbet, PokerStars, Sisal, Snai and other local brands in about 100 markets. Sportsbook was 53% of 2025 revenue and iGaming 44%, and 88% came from online businesses. The U.S. segment, 43% of revenue, holds about 41% of online sports betting and 27% of iGaming gross gaming revenue in the states where FanDuel operates those products.
Where the revenue comes from
Fiscal 2025, as Flutter Entertainment plc reports it. History and quarterly detail are in the app.
- International$9.4B
- U.S.$7.0B
Leadership changes
From Flutter Entertainment plc's own filings, the day they're filed.
- Dan Taylor · President · appointmenteff. 2026-05-06
- Amy Howe · Chief Executive Officer · departureeff. 2026-04-30
- Alfred F. Hurley Jr · departureeff. 2026-04-01
Latest filings
- 8-K · Company announcement2026-10-01
- 8-K · Company announcement2026-09-28
- 10-Q · Quarterly report2026-08-05
- 8-K · Company announcement2026-08-05
- 8-K · Company announcement2026-08-05
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- Ana — ask about Flutter Entertainment plc, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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