Flutter Entertainment plc has reported full-year 2025 revenues of $6.2 billion, a 15% increase on the prior year, with the company's US division now representing its largest single business unit for the first time in its history.
FanDuel, Flutter's US sportsbook and daily fantasy brand, contributed $2.8 billion to group revenue (45% of total), marginally ahead of the UK & Ireland division (primarily Paddy Power and Betfair) at $2.4 billion. The crossing point represents a structural milestone in Flutter's transformation from a European betting company to a globally diversified gambling conglomerate.
Group EBITDA reached $1.14 billion, with the company generating positive free cash flow for the US division for the first time — a landmark that had been repeatedly deferred due to state market entry investments.
"The US profitability milestone validates the strategic rationale for our investment," said Peter Jackson, Flutter CEO. "FanDuel is the defining consumer brand in US sports betting and we're only beginning to realize the full potential of that position."
Flutter maintained its NYSE listing, reaffirming its US-primary market listing strategy. Shares rose 6.3% following the results announcement.
Source: Flutter Entertainment plc
James Whitfield
Editor-in-Chief
Member of the iGaming Pulse editorial team. Covering industry news, analysis, and B2B developments across the global iGaming sector.
Comments (1)
The US profitability inflection point is a big deal. Changes the entire investment thesis.
