Flutter Entertainment (FLUT)

• Market cap: $49.6B
• 1 day: 1.2%
• 5 days: -2.48%
• 1 month: -3.97%
• 3 months: 3.62%
• 6 months: 20.63%
• Year to date: 10.87%
• 1 year: 23.26%
• 5 years: 37.39%
• 10 years: 37.39%
• 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 Q2 regulatory disclosures by fund managers ($100M+ AUM)

134% more call options, than puts

Call options by funds: $388M | Put options by funds: $165M

55% more first-time investments, than exits

New positions opened: 133 | Existing positions closed: 86

36% more capital invested

Capital invested by funds: $35.1B [Q1] → $47.7B (+$12.6B) [Q2]

27% more repeat investments, than reductions

Existing positions increased: 198 | Existing positions reduced: 156

17% more funds holding in top 10

Funds holding in top 10: 41 [Q1] → 48 (+7) [Q2]

8% more funds holding

Funds holding: 501 [Q1] → 540 (+39) [Q2]

5.7% more ownership

Funds ownership: 88.9% [Q1] → 94.6% (+5.7%) [Q2]

Research analyst outlook

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

• Low target: $330
• Avg. target: $351
• High target: $380

12 analyst ratings

• positive: 12 100%
• neutral: 0 0%
• negative: 0 0%

Canaccord Genuity Jason Tilchen	$340	Buy Maintained	8 Aug 2025
Macquarie Chad Beynon	$340	Outperform Maintained	8 Aug 2025
UBS Ben Shelley	$360	Buy Maintained	8 Aug 2025
JMP Securities Jordan Bender	$345	Market Outperform Maintained	8 Aug 2025
Benchmark Mike Hickey	$365	Buy Maintained	8 Aug 2025