Flutter Entertainment sees robust Q1 growth, expands portfolio

NEW YORK - Flutter Entertainment PLC (NYSE:FLUT; LSE:FLTR), a leading online sports betting and iGaming operator, reported strong financial results for the first quarter ended March 31, 2025. The company, which has been listed on the New York Stock Exchange for over 15 months and holds a primary listing in the US, announced significant growth in net income and adjusted EBITDA, with increases of 289% and 20% respectively, compared to the same period last year.

The company’s US business continues to drive a change in the earnings profile of the group, while its international business benefits from scale and diversification, especially in the Southern Europe and Africa (SEA) and India regions. Flutter’s strategy focuses on sustainable growth and responsible gaming, which is central to its long-term plan.

In the US, Flutter’s customer base grew by 11% to more than 4.3 million Average Monthly Players (AMPs), underpinning its leadership with 43% sports betting and 27% iGaming gross gaming revenue market shares in the quarter. The company also launched innovative features such as Parlay Your Bracket for March Madness and Bet back tokens, enhancing customer engagement.

The recent acquisition of Snai in Italy and the pending acquisition of NSX in Brazil mark major milestones in Flutter’s portfolio expansion. These moves, along with the continuation of its share buyback program, demonstrate the company’s confidence in its long-term outlook and growth targets.

Internationally, Flutter saw a revenue growth of 1% (3% in constant currency) year-over-year, with strong performances in its SEA region. The integration of Snai is expected to deliver operational and financial benefits rapidly, leveraging Flutter Edge capabilities and delivering synergies in line with previous guidance.

The company’s sustainability report highlights its commitment to responsible gaming, with nearly half of FanDuel’s customers reviewing their play using the My Spend tool during the 2024-2025 NFL Season. Flutter invested $139 million in promoting responsible gaming across its operations last year.

Flutter’s CEO, Peter Jackson, expressed confidence in the company’s positioning to capitalize on the growing global regulated market opportunity. The company’s CFO, Rob Coldrake, emphasized the strong positioning of the business and the exciting growth opportunity ahead.

This summary is based on a press release statement and does not reflect the full details of Flutter Entertainment’s financial results or future projections. The company will host a conference call to review the results and address questions, with access via webcast and telephone for analysts and investors.

The information provided is based on a press release statement from Flutter Entertainment PLC.

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