Flutter Entertainment plc·Consumer Cyclical
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; lottery; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services. In addition, the company operates HRTV, a horseracing television network. Further, it provides sports betting and gaming services through paddypower.com, betfair.com, sportsbet.com.au, tvg.com, us.betfair.com, fanduel.com, adjarabet.com, pokerstars.com, Skybet.com, tombola.com, and sisal.com websites under the FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, FOX Bet, TVG, Stardust, Junglee Games, and Adjarabet brands, as well as live poker tours and events. The company was formerly known as Paddy Power Betfair plc and changed its name to Flutter Entertainment plc in 2019. The company was incorporated in 1958 and is headquartered in Dublin, Ireland.
Consumer Cyclical
Gambling, Resorts & Casinos
27,345
2002-10-04
1.15

Flutter Entertainment faces headwinds from prediction markets and declining US sports betting revenues, yet I see opportunity amid the negative sentiment. The 2026 World Cup is a rare, massive customer acquisition event, with 62% of US soccer fans expected to bet and 29% likely to place first-time bets. FanDuel's dominant US sportsbook position gives FLUT scale advantages to capture new users during high-profile sporting events.

Flutter's Q1 revenue increased 17% year-over-year to $4.3 billion, supported by strong iGaming growth (+28%) and acquisitions. International EBITDA reached $587 million, helping offset weaker U.S. performance and providing diversification benefits. Management expects margin improvement through product integration, loyalty initiatives, cost efficiencies, and a unified FanDuel platform. The 2026 FIFA World Cup, NFL season, and broader iGaming expansion could act as meaningful catalysts for growth and sentiment recovery.

The legal sports betting market is under attack from prediction markets like Kalshi and PolyMarket, which offer traders contracts on everything from pro sports games to election outcomes to temperature highs in specific cities.

"Coaches Corner" Brings Together Gregg Berhalter, Bruce Arena and Bob Bradley, Three US Men's Soccer Head Coaches Who Shaped American Soccer, for a 10-Episode Series Premiering June 1 NEW YORK, May 27, 2026 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced Coaches Corner, a 10-episode original series premiering June 1 that unites the three head coaches of the United States Men's Soccer for the first time. Gregg Berhalter, Bruce Arena and Bob Bradley join veteran broadcaster Rob Stone for unfiltered match analysis, tactical breakdowns and insider storytelling throughout the upcoming World Cup.

States and the federal government are locked in a battle over who has the right to regulate prediction markets. But prediction market players are continuing to invest in their businesses despite the legal uncertainty, based on comments made by management during company earnings calls.

On May 18, 2026, Flutter Entertainment PLC (FLUT) shares rose 5.3%, closing at $97.29. This uptick comes in a challenging year for the company, as shares have e