The business offers an intriguing valuation gap — trading roughly 34% below analyst consensus targets at a forward price-to-earnings multiple of 12.2x — supported by three consecutive recent quarters of earnings beats, but quality is well below the minimum acceptable level with negative free cash flow and no identified competitive moat, while a confirmed technical downtrend adds a hard entry block; the discount cannot be acted on until both the fundamental and chart conditions clear.
Thesis pillars
- Negative Fcf No Competitive Moat→Stable
- Earnings Beat Pattern↓Deteriorating
- Deep Valuation Discount Analyst Consensus→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026· older than 90 days
Flutter Entertainment plc (FLUT) Stock Analysis
Recovery setup
Consumer Cyclical · Gambling
Sell if holding. Engine safety override at $81.79: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10 and A.R:R 3.7:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 11%; Elevated put/call ratio: 5.39; Below-average business quality.
Flutter Entertainment operates online sports betting and iGaming platforms in approximately 100 markets through brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and Betfair, generating $16,383 million in revenue for fiscal 2025 across 15.9... Read more
Sell if holding. Engine safety override at $81.79: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10 and A.R:R 3.7:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 11%; Elevated put/call ratio: 5.39; Below-average business quality. Chart setup: Death cross but MACD improving, RSI 60. Score 4.9/10, moderate confidence.
Passes 8/10 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news boost analyst 0.70, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.
About Flutter Entertainment plc
About Flutter Entertainment plc
Flutter Entertainment generated $16,383 million in revenue for fiscal 2025 across two segments — U.S. ($6,967 million, 43% of total) and International ($9,416 million, 57%) — driven by 15.9 million average monthly players globally. Sportsbook represented 53% of group revenue, iGaming 44%, and other products 3%, with 88% of revenue originating from online operations. The company spent $3,678 million on sales and marketing and $991 million on technology research and development during fiscal 2025.
Flutter operates through 13 major brands serving distinct geographies: FanDuel and TVG (United States), Sky Betting & Gaming, Paddy Power, Betfair, and tombola (United Kingdom and Ireland), Sportsbet (Australia), PokerStars (international poker), and Sisal, Snai (Italy), among others. In the U.S., FanDuel held approximately 41% of the online sports betting market in live states and approximately 27% of the iGaming market in live states for fiscal 2025. Revenue mechanics vary by product: fixed-odds sportsbook generates margin through the theoretical spread between true probability and quoted odds; casino iGaming revenue is the hold on gross bets; P2P poker generates rake commissions. Flutter also operates 1,127 retail shops, primarily in the United Kingdom, Ireland, Italy, and Serbia. During fiscal 2025, the company completed acquisitions of a 56% interest in NSX Group (Brazil's Betnacional) for BRL 3,799 million and 100% of Snaitech S.p.A. (Italy) for approximately $2.6 billion.
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Flutter's international operations are subject to gaming regulatory regimes that could restrict revenue in specific markets without warning. In India, the company ceased offering iGaming through its Junglee brand on August 22, 2025 following a ban on all forms of online real money gaming. Marketing restrictions in Australia, Italy, Spain, Ireland, and Belgium are tightening, with jurisdictions placing additional limitations on timing and use of ambassadors for gambling promotion. In May 2026, Flutter disclosed via Form 8-K the departure of FanDuel CEO Amy Howe, with FanDuel President Christian Genetski assuming leadership — a management transition at the U.S. segment that contributed 43% of 2025 revenue.
See also: Consumer Cyclical · Gambling
From Flutter Entertainment plc's most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated Nov 5, 2026Recent Developments — Flutter Entertainment plc
Latest news
- NEWS Macquarie Maintains Outperform on Flutter Entertainment, Lowers Price Target to $120 — benzinga Nov 5, 2026 positive
- NEWS BTIG Maintains Buy on Flutter Entertainment, Raises Price Target to $96 — benzinga Nov 4, 2026 positive
- NEWS Flutter Entertainment Q3 2026 Earnings Call Transcript — benzinga Nov 4, 2026 neutral
- NEWS Flutter CEO Says Prediction Market Product Was Not In Great Shape Earlier This Year, Have Made Big Improvements; Feel Go — benzinga Nov 4, 2026 neutral
- NEWS Flutter Entertainment Announces Q3 2026 Financial Results — fiscal.ai Nov 4, 2026 neutral
Latest item Nov 5, 2026 · Generated 2026-11-05T11:59:10Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
4 floor-breakers
Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $81.79: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10 and A.R:R 3.7:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 11%; Elevated put/call ratio: 5.39; Below-average business quality. Chart setup: Death cross but MACD improving, RSI 60. Prior stop was $76.06. Score 4.9/10, moderate confidence.
Analyst target: $115.78 (+41.6% upside). Prior stop was $76.06. Stop-loss: $76.06.
Quality below floor (1.8 < 4.0).
Flutter Entertainment plc trades at a P/E of N/A (forward 11.9). TrendMatrix value score: 8.0/10. Verdict: Sell.
39 analysts rate FLUT, with a consensus score of 4.0/5. 33 analysts publish price targets averaging $126.
What does Flutter Entertainment plc do?Flutter Entertainment operates online sports betting and iGaming platforms in approximately 100 markets through brands...
Flutter Entertainment operates online sports betting and iGaming platforms in approximately 100 markets through brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and Betfair, generating $16,383 million in revenue for fiscal 2025 across 15.9 million average monthly players. The U.S. segment — primarily FanDuel — contributed 43% of 2025 revenue with approximately 41% online sports betting market share in live states.