Flutter Entertainment plc income statement
In fiscal 2025, Flutter Entertainment plc reported revenue of $16.38bn, up 16.6% on the year before, operating income of $36.0m (a 0.2% margin) and net income of −$310m, or −$1.75 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 9.5 | 11.8 | 14.0 | 16.4 | 17.2 |
| Cost of revenue | 4.8 | 6.2 | 7.3 | 9.0 | 9.9 |
| Gross profit | 4.7 | 5.6 | 6.7 | 7.4 | 7.3 |
| Research and development | 0.6 | 0.8 | 0.8 | 1.0 | 1.1 |
| Selling and marketing | 3.0 | 3.8 | 3.2 | 3.7 | 4.0 |
| General and administrative | 1.2 | 1.6 | 1.8 | 2.2 | 2.3 |
| Operating income | −0.1 | −0.5 | 0.9 | 0.0 | −0.6 |
| Interest expense | 0.2 | 0.4 | 0.5 | 0.6 | 0.7 |
| Income before tax | −0.3 | −1.1 | 0.0 | −0.1 | −0.7 |
| Income tax | 0.1 | 0.1 | −0.1 | 0.3 | 0.1 |
| Net income | −0.4 | −1.2 | 0.0 | −0.3 | −0.8 |
| Diluted EPS | −$2.44 | −$6.89 | $0.24 | −$1.75 | −$4.30 |
| Diluted shares (average) | 177m | 177m | 180m | 177m | 175m |
| EBITDA | 1.0 | 0.7 | 2.0 | 1.6 | 1.0 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,248 | 3,792 | 3,665 | 4,187 | 3,794 | 4,737 | 4,304 | 4,326 |
| Cost of revenue | 1,752 | 1,966 | 1,956 | 2,228 | 2,168 | 2,627 | 2,467 | 2,613 |
| Gross profit | 1,496 | 1,826 | 1,709 | 1,959 | 1,626 | 2,110 | 1,837 | 1,713 |
| Research and development | 213 | 201 | 215 | 256 | 275 | 245 | 259 | 300 |
| Selling and marketing | 748 | 830 | 840 | 789 | 966 | 1,083 | 966 | 1,012 |
| General and administrative | 438 | 516 | 431 | 525 | 702 | 524 | 533 | 545 |
| Operating income | 97 | 279 | 223 | 389 | −834 | 258 | 79 | −144 |
| Interest expense | 123 | 109 | 103 | 128 | 167 | 178 | 164 | 171 |
| Income before tax | −130 | −42 | 354 | 205 | −834 | 154 | 234 | −299 |
| Income tax | −16 | −198 | 19 | 168 | −45 | 144 | 25 | −3 |
| Net income | −103 | 81 | 283 | 105 | −690 | −8 | 218 | −274 |
| Diluted EPS | −$0.58 | $0.45 | $1.57 | $0.59 | −$3.91 | −$0.03 | $1.23 | −$1.57 |
| EBITDA | 355 | 549 | 517 | 758 | −415 | 693 | 495 | 255 |
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