Flutter Entertainment (FLUT)

• Market cap: $47.6B
• 1 day: -0.20%
• 5 days: 0.38%
• 1 month: 8.09%
• 3 months: 12.57%
• 6 months: -1.37%
• Year to date: 5.84%
• 1 year: 42.75%
• 5 years: 31.15%
• 10 years: 31.15%
• Sector: Consumer Discretionary
• Industry: Gambling

About: In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the US, UK and Ireland, Australia, and many other countries. Some of its main brands are FanDuel in the US, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2024, the company offered products in over 100 countries and had 13.9 million average monthly users. In 2024, sports betting was 56% of revenue, online gaming 40%, and fantasy sports, horse racing, and other 4%.

Employees: 27,345

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

142% more call options, than puts

Call options by funds: $382M | Put options by funds: $158M

47% more repeat investments, than reductions

Existing positions increased: 209 | Existing positions reduced: 142

29% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 73

11% more funds holding in top 10

Funds holding in top 10: 37 [Q4 2024] → 41 (+4) [Q1 2025]

2.98% more ownership

Funds ownership: 85.91% [Q4 2024] → 88.89% (+2.98%) [Q1 2025]

3% more funds holding

Funds holding: 484 [Q4 2024] → 498 (+14) [Q1 2025]

11% less capital invested

Capital invested by funds: $39.5B [Q4 2024] → $35.1B (-$4.41B) [Q1 2025]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $280 4% upside
• Avg. target: $303 12% upside
• High target: $320 19% upside

10 analyst ratings

• positive: 10 100%
• neutral: 0 0%
• negative: 0 0%

JMP Securities Jordan Bender	12% upside $301	Market Outperform Reiterated	12 Jun 2025
Needham Bernie McTernan	15% upside $310	Buy Reiterated	10 Jun 2025
JMP Securities Eric Ross	12% upside $301	Market Outperform Maintained	5 Jun 2025
Barclays Brandt Montour	9% upside $293	Overweight Maintained	8 May 2025
Macquarie Chad Beynon	19% upside $320	Outperform Maintained	8 May 2025