From GlobeNewswire: 2025-05-07 17:05:00

Flutter Entertainment, a leading online sports betting operator, reports Q1 results with revenue up 8% to $3.665 million and net income increasing by 289% to $335 million. Adjusted EBITDA rose 20% to $616 million. The company’s US business saw revenue growth of 18%, while international revenue was broadly in line with the prior year.

Flutter’s full year 2025 guidance includes expected revenue and adjusted EBITDA of $17.08 billion and $3.18 billion, representing 22% and 35% year-over-year growth, respectively. The company’s CEO, Peter Jackson, expressed satisfaction with the performance, highlighting the scaling of the US business and positive international performance.

Key financial highlights for Q1 2025 include an 8% growth in Average Monthly Players (AMPs) to 114,880, and a 20% increase in Adjusted EBITDA to $616 million. Earnings per share increased by $2.67, with adjusted earnings per share up 51%. Net cash provided by operating activities declined by 44%, reflecting the timing of player deposit liabilities.

Flutter’s revenue and adjusted EBITDA for the Group are now expected to be $17.08 billion and $3.18 billion at the midpoint, representing 22% and 35% year-over-year growth, respectively. The company’s strategic priorities include organic growth, M&A, and returns to shareholders, with a focus on the global regulated market opportunity.

The company’s US business saw revenue growth of 18%, with sportsbook revenue up 15% and iGaming revenue up 32%. International revenue was broadly in line with the prior year, with revenue growth in Southern Europe and Africa, Central and Eastern Europe, and the UK and Ireland offsetting declines in Asia Pacific.

Flutter’s net debt as of March 31, 2025, was $5.329 billion, with a leverage ratio of 2.2x. The company remains committed to its medium-term leverage ratio target of 2.0-2.5x. Additionally, Flutter’s share repurchase program, which began in 2024, continued in 2025 with 891 thousand shares repurchased for a consideration of $230 million.



Read more at GlobeNewswire:: Q1 2025 Financial Results