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FLUT Flutter Entertainment plc

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Flutter Entertainment plc operates in the Services-Computer Programming, Data Processing, Etc. industry.

$75.60−0.76%

Oct 16 close · 1D EOD · Databento

TechnologyServices-Computer Programming, Data Processing, Etc.Large-capSEC EDGAR FY 2025-12-31

On the Wire · latest 1

All stories →

Jul 8 · CNBCMichael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulationMichael Burry's Scion Asset Management has disclosed new long positions in DraftKings (DKNG) and Flutter Entertainment (FLUT), signaling a belief in the long-term growth of regulated sports betting. This move comes with a concurrent bearish outlook on prediction markets, which Burry expects to face increasing regulatory scrutiny.

On the Wire · latest 1

All stories →

Jul 8 · CNBCMichael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulationMichael Burry's Scion Asset Management has disclosed new long positions in DraftKings (DKNG) and Flutter Entertainment (FLUT), signaling a belief in the long-term growth of regulated sports betting. This move comes with a concurrent bearish outlook on prediction markets, which Burry expects to face increasing regulatory scrutiny.

What happened

Daily closes · dots are Wire stories

What’s next

Expected around early November, going by its own filing history. The company has not announced a date yet. Its matching report came Nov 12, 2025 and Nov 12, 2024, before the open.

Last report

Aug 5, 2026−11.48%

before the open

Last 4, next close

median 12.64% either way

up 1 of 4

Every report since 2024 →Earnings calendar →

DateEventSourceNext close

Aug 5Earnings release, before the open · 8-KSEC EDGARSEC EDGAR ↗−11.48%

Next close = the first close after the event against the close before it. Prior-session closes only; not a call, not advice.

What happened · big days

27 big days in a year, and what we hold on each

A big day is a close more than 4.73% from the one before, three times FLUT’s median day (1.58%). On 4 of the 27, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±4.73%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayFLUTWhat we hold that dayGroup (median of 4) · each

1 Nov 13, 2025−14.27%
Resultsgroup −3.9%, did not move with it
1Nov 13, 2025−14.27%
ResultsFirst close after the Nov 12 results filing
−3.9% did not move with itNBIS −6.1 · APP −4.9 · GOOGL −2.8 · META +0.1
2 Jan 16, 2026−6.28%
Before our storiesgroup −0.5%, did not move with it
2Jan 16, 2026−6.28%
Before our stories
−0.5% did not move with itAPP −6.3 · GOOGL −0.8 · META −0.1 · NBIS +4.7
3 Feb 3, 2026−5.73%
Before our storiesgroup −1.6%, did not move with it
3Feb 3, 2026−5.73%
Before our stories
−1.6% did not move with itAPP −4.4 · META −2.1 · GOOGL −1.2 · NBIS +2.0
4 Feb 11, 2026−4.85%
Before our storiesgroup −2.9%, moved with FLUT
4Feb 11, 2026−4.85%
Before our stories
−2.9% moved with FLUTNBIS −3.5 · APP −3.4 · GOOGL −2.4 · META −0.3
5 Feb 13, 2026−11.46%
Before our storiesgroup +2.7%, did not move with it
5Feb 13, 2026−11.46%
Before our stories
+2.7% did not move with itMETA −1.6 · GOOGL −1.1 · APP +6.4 · NBIS +9.2
6 Feb 27, 2026−13.80%
Resultsgroup −1.8%, did not move with it
6Feb 27, 2026−13.80%
ResultsFirst close after the Feb 26 results filing
−1.8% did not move with itNBIS −13.1 · APP −2.3 · META −1.3 · GOOGL +1.4
7 Mar 3, 2026+5.02%
Before our storiesgroup −0.4%, did not move with it
7Mar 3, 2026+5.02%
Before our stories
−0.4% did not move with itAPP +1.4 · META +0.2 · GOOGL −1.0 · NBIS −4.6
8 Apr 8, 2026+5.67%
Before our storiesgroup +5.2%, moved with FLUT
8Apr 8, 2026+5.67%
Before our stories
+5.2% moved with FLUTMETA +6.5 · NBIS +6.5 · GOOGL +3.9 · APP −4.7
9 Apr 24, 2026+5.21%
Before our storiesgroup +0.2%, did not move with it
9Apr 24, 2026+5.21%
Before our stories
+0.2% did not move with itMETA +2.4 · GOOGL +1.6 · APP −1.3 · NBIS −6.3
10 May 11, 2026−7.14%
Before our storiesgroup +0.2%, did not move with it
10May 11, 2026−7.14%
Before our stories
+0.2% did not move with itGOOGL −3.0 · META −1.8 · APP +2.1 · NBIS +5.1
11 May 18, 2026+5.32%
Before our storiesgroup −1.1%, did not move with it
11May 18, 2026+5.32%
Before our stories
−1.1% did not move with itGOOGL +0.0 · META −0.5 · APP −1.7 · NBIS −9.1
12 Jun 1, 2026+7.56%
Before our storiesgroup −0.5%, did not move with it
12Jun 1, 2026+7.56%
Before our stories
−0.5% did not move with itNBIS +14.5 · APP +0.1 · GOOGL −1.0 · META −5.1
13 Jun 9, 2026+6.06%
Before our storiesgroup +0.1%, did not move with it
13Jun 9, 2026+6.06%
Before our stories
+0.1% did not move with itNBIS +1.0 · GOOGL +0.3 · META −0.1 · APP −7.6
14 Jun 17, 2026−6.67%
Nothing on FLUTgroup −4.0%, moved with FLUT
14Jun 17, 2026−6.67%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
−4.0% moved with FLUTAPP −6.9 · META −5.4 · GOOGL −2.5 · NBIS +6.0
15 Jun 26, 2026+8.32%
Nothing on FLUTgroup −0.2%, did not move with it
15Jun 26, 2026+8.32%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
−0.2% did not move with itAPP +7.0 · META +1.4 · GOOGL −1.8 · NBIS −6.4
16 Jul 21, 2026−5.24%
Nothing on FLUTgroup +0.3%, did not move with it
16Jul 21, 2026−5.24%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
+0.3% did not move with itGOOGL −1.4 · META −0.3 · APP +1.0 · NBIS +18.8
17 Jul 30, 2026−5.24%
Nothing on FLUTgroup +0.1%, did not move with it
17Jul 30, 2026−5.24%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
+0.1% did not move with itMETA −8.0 · GOOGL −0.9 · APP +1.1 · NBIS +27.1
18 Aug 5, 2026−11.48%
Resultsgroup −1.7%, did not move with it
18Aug 5, 2026−11.48%
ResultsFirst close after the Aug 5 results filing
−1.7% did not move with itGOOGL −4.0 · NBIS −3.0 · APP −0.5 · META +0.1
19 Aug 11, 2026+5.04%
Nothing on FLUTgroup −1.6%, did not move with it
19Aug 11, 2026+5.04%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
−1.6% did not move with itNBIS +5.0 · META +0.7 · GOOGL −3.8 · APP −6.0
20 Aug 17, 2026−4.95%
Nothing on FLUTgroup −2.1%, did not move with it
20Aug 17, 2026−4.95%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
−2.1% did not move with itMETA −3.5 · NBIS −3.2 · APP −1.1 · GOOGL −0.6
21 Aug 19, 2026+6.75%
Nothing on FLUTgroup +0.3%, did not move with it
21Aug 19, 2026+6.75%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
+0.3% did not move with itAPP +1.1 · META +0.4 · GOOGL +0.1 · NBIS −9.9
22 Aug 28, 2026+7.13%
Nothing on FLUTgroup +1.4%, did not move with it
22Aug 28, 2026+7.13%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
+1.4% did not move with itGOOGL +1.7 · APP +1.6 · META +1.2 · NBIS −4.3
23 Sep 2, 2026+5.13%
Nothing on FLUTgroup +2.3%, did not move with it
23Sep 2, 2026+5.13%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
+2.3% did not move with itMETA +2.5 · APP +2.3 · NBIS +2.3 · GOOGL +0.6
24 Sep 17, 2026−5.19%
Nothing on FLUTgroup +1.3%, did not move with it
24Sep 17, 2026−5.19%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
+1.3% did not move with itAPP −1.5 · GOOGL +1.3 · META +1.3 · NBIS +4.1
25 Sep 28, 2026−7.93%
Nothing on FLUTgroup −1.6%, did not move with it
25Sep 28, 2026−7.93%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
−1.6% did not move with itMETA −4.8 · NBIS −2.3 · APP −0.8 · GOOGL −0.3
26 Oct 8, 2026+7.55%
Nothing on FLUTgroup −0.5%, did not move with it
26Oct 8, 2026+7.55%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
−0.5% did not move with itMETA −0.1 · APP −0.4 · GOOGL −0.6 · NBIS −7.3
27 Oct 14, 2026−4.87%
Nothing on FLUTgroup −3.5%, moved with FLUT
27Oct 14, 2026−4.87%
Nothing on FLUTNo FLUT story, brief or results filing in our record that day
−3.5% moved with FLUTNBIS −10.1 · APP −3.7 · META −3.3 · GOOGL −1.7

A story on the same day is not a cause, and a group move is not proof either. Group: the median of GOOGL, META, APP and NBIS that day, the largest companies in FLUT’s SEC industry; “moved with FLUT” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). Day 1 is the first close after each filing: the next day’s for a filing after the close, the same day’s otherwise. 3 of 4 times, day 6 ended on the same side as day 1.

Reported Nov 12, 2025

day 1−14.27%day 6−17.89%

Reported Feb 26, 2026

day 1−13.80%day 6−8.84%

Reported May 6, 2026

day 1+2.11%day 6−5.31%

Reported Aug 5, 2026

day 1−11.48%day 6−6.55%

Next report: expected early-to-mid NovemberEstimated from the dates of its last four results filings. Not announced. Since the Aug 5 report: −27.97%. Four reports is a small sample.

Every report since 2024 →

Each line is FLUT’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

The numbers · FY2025, filed

SEC EDGAR

Market cap$13.1B

Revenue$16.4B+16.60%

Net income$-407.0M

EPS, diluted$-1.75−829.20%

Gross margin45.2%

Operating margin0.2%

Return on equity-4.4%

Debt / equity1.33

All filed figures

Snapshot

SEC EDGAR · FY 2025-12-31

SectorTechnology

Market Cap$13.1B

Enterprise Value$23.7B

Income$-407.0M

Sales$16.4B

Book/sh$53.44

Cash/sh$10.53

Dividend TTM—

Payout—

Employees—

IPO—

Quick Ratio—

Current Ratio0.95

Debt/Eq1.33

EPS (ttm)$-1.75

EPS this Y-829.2%

EPS past 3/5Y—

Sales past 3/5Y20.1%

EPS Y/Y TTM-829.2%

Sales Y/Y TTM16.6%

Shs Outstand173.54M

ROA-1.4%

ROE-4.4%

ROIC0.6%

Gross Margin45.2%

Oper. Margin0.2%

Profit Margin-2.5%

Every figure here is filed with the SEC. Valuation and estimate metrics (P/E, PEG, EV/EBITDA, price targets, forward EPS) are omitted until our market-data feed is licensed for display — we’d rather show fewer numbers than blank ones. Deeper lines (cash flow, balance sheet) below.

Revenue by fiscal year

$9.5B

FY22

$11.8B

FY23

$14.0B

FY24

$16.4B

FY25

Operating leverage — margins

GrossOperatingNet

Financials, annual · income and cash flowSEC EDGAR · open ▸

Financials — annual

SEC EDGAR · last 4 FY · tap a row to explain it

USD	FY2022	FY2023	FY2024	FY2025
Revenue	$9.5B	$11.8B	$14.0B	$16.4B
Gross Profit	$4.7B	$5.6B	$6.7B	$7.4B
Operating Income	$-88.0M	$-549.0M	$869.0M	$36.0M
Net Income	$-370.0M	$-1.2B	$162.0M	$-407.0M
Diluted EPS	$-2.44	$-6.89	$0.24	$-1.75
Operating Cash Flow	$1.2B	$937.0M	$1.6B	$1.2B
Free Cash Flow	$1.0B	$778.0M	$1.5B	$1.1B

Same industry

FLUT against four same-industry peers, a year at 100

FLUT is down 70.0% in a year. Nebius Group is up 45.9%, Alphabet 34.5%, Meta Platforms is down 1.1% and AppLovin 55.6%. All four did more. Weekly closes, Oct 17, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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FLUT −70.0%. Nebius Group +45.9%, Alphabet +34.5%, Meta Platforms −1.1%, AppLovin −55.6%. Weekly closes, Oct 17, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in FLUT’s SEC industry (Services-Computer Programming, Data Processing, Etc.) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

Same industry

In the screener →

GOOGL$4.17T META$1.83T APP$91.0B NBIS$41.0B ZM$28.9B PINS$15.1B DOCN$11.6B TEM$11.3B

Follow the news. Track the move.

FLUT story timeline

Company updates and connected market context, with the dated price move attached.

Stories

Direct

Sector context/Regulation

Jul 8

Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation

Michael Burry's Scion Asset Management has disclosed new long positions in DraftKings (DKNG) and Flutter Entertainment (FLUT), signaling a belief in the long-term growth of regulated sports betting. This move comes with a concurrent bearish outlook on prediction markets, which Burry expects to face increasing regulatory scrutiny.

Since story

-32.1%

2026-07-08 → 2026-10-16

CNBC · 102d ago

View both sides →

Follow the news. Track the move.