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Investing.com - UBS raised its price target on Flutter Entertainment (NYSE:FLUT) to $360.00 from $340.00 on Friday, maintaining a Buy rating following the company’s better-than-expected quarterly results. According to InvestingPro data, Flutter’s stock has surged nearly 60% over the past year and is currently trading near its 52-week high of $313.69.
Flutter reported revenues of $4.19 billion, representing a 16% year-over-year increase and exceeding consensus estimates by 1%, according to UBS analyst Ben Shelley. The company’s EBITDA reached $919 million, up 25% year-over-year and 14% above consensus expectations. InvestingPro data shows Flutter’s impressive five-year revenue CAGR of 38%, with analysts expecting continued strong growth this year.
The earnings beat was primarily driven by Flutter’s strong performance in the US market, where revenues totaled $1.79 billion, 4% above consensus, while US EBITDA of $400 million exceeded expectations by 35%.
UBS noted that favorable sports outcomes and "marketing phasing" contributed to the US outperformance, though Flutter indicated during its earnings call that underlying performance also exceeded internal expectations.
The gambling company’s operations outside the US delivered solid results as well, with revenues in line with consensus estimates and EBITDA exceeding forecasts by 2%.
In other recent news, Flutter Entertainment reported strong financial results for the second quarter of 2025, surpassing both earnings and revenue forecasts. The company’s earnings per share reached $2.95, significantly exceeding the projected $2.11. Revenue also outperformed expectations, totaling $4.19 billion against the forecasted $4.08 billion. Following these results, Stifel raised its price target on Flutter Entertainment to $356 from $353, maintaining a Buy rating. Stifel attributed the earnings beat primarily to favorable U.S. sport outcomes and mis-modeled International seasonality. The firm also noted that the U.S. core trading performance was modestly ahead of expectations. These developments highlight the company’s strong quarterly performance and positive outlook from analysts.
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