Flutter Entertainment (FLUT)

• Market cap: $42.6B
• 1 day: -0.48%
• 5 days: -1.88%
• 1 month: 13.50%
• 3 months: -10.44%
• 6 months: -2.76%
• Year to date: -5.28%
• 1 year: 20.74%
• 5 years: 17.37%
• 10 years: 17.37%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

369% more first-time investments, than exits

New positions opened: 136 | Existing positions closed: 29

83% more call options, than puts

Call options by funds: $296M | Put options by funds: $162M

38% more repeat investments, than reductions

Existing positions increased: 176 | Existing positions reduced: 128

27% more funds holding

Funds holding: 381 [Q3] → 483 (+102) [Q4]

19% more funds holding in top 10

Funds holding in top 10: 31 [Q3] → 37 (+6) [Q4]

13% more capital invested

Capital invested by funds: $35.1B [Q3] → $39.5B (+$4.48B) [Q4]

3.18% more ownership

Funds ownership: 82.73% [Q3] → 85.91% (+3.18%) [Q4]

Research analyst outlook

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

• Low target: $280 16% upside
• Avg. target: $309 28% upside
• High target: $340 41% upside

12 analyst ratings

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

Barclays Brandt Montour 45% 1-year accuracy 39 / 87 met price target	21% upside $293	Overweight Maintained	8 May 2025
Macquarie Chad Beynon 33% 1-year accuracy 20 / 60 met price target	33% upside $320	Outperform Maintained	8 May 2025
Needham Bernie McTernan 54% 1-year accuracy 77 / 143 met price target	29% upside $310	Buy Reiterated	8 May 2025
Truist Securities Barry Jonas 31% 1-year accuracy 4 / 13 met price target	16% upside $280	Buy Maintained	23 Apr 2025
Stifel Jeffrey Stantial 38% 1-year accuracy 9 / 24 met price target	31% upside $315	Buy Maintained	22 Apr 2025