Flutter Entertainment plc FLUT
The Company's legal name is Flutter Entertainment plc. The Company was originally incorporated and registered in Ireland as a private limited company on April 8, 1958, under the name Corcoran's Management Limited with the registration number 16956. The Company, which would later operate under the name Paddy Power plc, was then formed in 1988 through the merger of three independent bookmakers, including Corcoran's Management Limited. The Company re-registered as a public limited company on November 15, 2000, and, in December 2000, it listed on the Irish Stock Exchange and the London Stock Exchange ("LSE"). The Company merged with Betfair Group plc on February 2, 2016, and changed its name to Paddy Power Betfair plc. The Company then changed its name to Flutter Entertainment plc on May 28, 2019. On January 29, 2024, the Company completed its registration process with the United States Securities and Exchange Commission ("SEC"), and listed on the New York Stock Exchange ("NYSE") for public trading. Since listing on the NYSE, the Company has maintained its status on the LSE and delisted from the Irish Stock Exchange. On May 31, 2024, the Company moved its primary listing to the NYSE following the approval of shareholders at the Company's Annual General Meeting held on May 1, 2024.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.38B | $14.05B | $11.79B | $9.46B | — | $2.53B | $2.03B | $1.31B | $1.16B | — |
| Cost of revenue | $8.98B | $7.35B | $6.20B | $4.81B | — | — | — | — | — | — |
| Gross profit | $7.40B | $6.70B | $5.59B | $4.65B | — | — | — | — | — | — |
| R&D | $991.0M | $820.0M | $765.0M | $552.0M | — | — | — | — | — | — |
| SG&A | $2.18B | $1.81B | $1.60B | $1.17B | — | — | — | — | — | — |
| Operating income | $36.0M | $869.0M | -$549.0M | -$88.0M | — | $264.2M | $260.1M | $447.4M | — | — |
| Pre-tax income | -$121.0M | $16.0M | -$1.09B | -$295.0M | — | — | — | — | — | — |
| Income tax | $286.0M | $146.0M | $120.0M | $75.0M | — | — | — | — | — | — |
| Net income | -$407.0M | $162.0M | -$1.21B | -$370.0M | — | $61.9M | -$108.9M | $259.3M | $135.6M | — |
| EPS, basic | -1.75 | 0.24 | -6.89 | -2.44 | — | — | — | — | — | — |
| EPS, diluted | -1.75 | 0.24 | -6.89 | -2.44 | — | — | — | — | — | — |
| Shares, diluted (wtd. avg.) | $177.0M | $180.0M | $177.0M | $177.0M | — | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.83B | $1.53B | $1.50B | $966.0M | — | — | — | — | — | — |
| Short-term investments | $23.0M | $130.0M | $172.0M | — | — | — | — | — | — | — |
| Receivables | $190.0M | $98.0M | $90.0M | — | — | — | — | — | — | — |
| Total current assets | $4.80B | $4.34B | $3.98B | — | — | — | — | — | — | — |
| Property, plant and equipment | $630.0M | $493.0M | $471.0M | — | — | — | — | — | — | — |
| Goodwill | $15.82B | $13.35B | $13.74B | $13.24B | — | — | — | — | — | — |
| Other intangibles | $7.02B | $5.36B | $5.88B | — | — | — | — | — | — | — |
| Total assets | $29.28B | $24.51B | $24.64B | — | — | $11.28B | $11.27B | $5.42B | $5.46B | — |
| Accounts payable | $386.0M | $266.0M | $240.0M | — | — | — | — | — | — | — |
| Short-term debt | $109.0M | $53.0M | $51.0M | — | — | — | — | — | — | — |
| Total current liabilities | $5.04B | $4.59B | $4.53B | — | — | — | — | — | — | — |
| Long-term debt | $12.16B | $6.68B | $7.00B | — | — | — | — | — | — | — |
| Total liabilities | $19.58B | $13.24B | $13.27B | — | — | — | — | — | — | — |
| Retained earnings | $8.12B | $9.57B | $10.11B | — | — | — | — | — | — | — |
| Total equity | $9.04B | $9.29B | $10.22B | $11.19B | $12.16B | $4.52B | $4.15B | $2.35B | $2.20B | $2.02B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.18B | $1.60B | $937.0M | $1.16B | — | — | — | — | — | — |
| Depreciation and amortisation | $1.52B | $1.10B | $1.28B | $1.07B | — | — | — | — | — | — |
| Stock-based compensation | $246.0M | $196.0M | $180.0M | $132.0M | — | — | — | — | — | — |
| Capital expenditure | $105.0M | $144.0M | $159.0M | $122.0M | — | — | — | — | — | — |
| Investing cash flow | -$3.48B | -$811.0M | -$602.0M | -$2.52B | — | — | — | — | — | — |
| Financing cash flow | $2.43B | -$469.0M | -$113.0M | $1.78B | — | — | — | — | — | — |
| Buybacks | $1.12B | $219.0M | $212.0M | $3.0M | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001635327-26-000037.
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