Flutter Entertainment Plc (FLUT)

Flutter Entertainment Plc's stock price has experienced notable fluctuations, with a significant decrease of -18.04% over the last month and a -27.97% decrease over the last year. Recent events impacting the stock include a plunge in shares following weak Q3 earnings and concerns over competitive threats in the US online gambling market. Changes to UK gaming taxation are expected to impact its adjusted EBITDA by approximately $320 million in fiscal 2026 and $540 million in fiscal 2027, before mitigation. Flutter announced the upcoming launch of FanDuel Predicts, developed in partnership with CME Group, marking a significant move into predictive sports betting. Analysts generally maintain a 'Buy' rating for Flutter Entertainment, with an average price target suggesting a significant upside.

Demand for Flutter Entertainment's products and services, particularly sports betting, exhibits seasonality. Sports betting is highly seasonal, with demand directly correlating to the number of sporting events taking place. Online gambling also sees increased traffic during holidays and New Year's Eve. The broader gaming industry typically experiences slower revenue months in winter and summer compared to spring and autumn.

Flutter Entertainment Plc operates as a sports betting and gaming company, providing sportsbooks and iGaming products. Key brands include FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, TVG, Junglee Games, Adjarabet, and MaxBet. In 2024, sports betting accounted for 56% of its revenue, online gaming for 40%, and fantasy sports, horse racing, and other activities for 4%. The company also provides business-to-business pricing and risk management services.

Flutter Entertainment Plc has a significant global presence, with operations in over 100 countries and 13.9 million average monthly users as of December 31, 2024. Net sales are distributed with 40.8% from the United States, 23.3% from the United Kingdom, 10.6% from Italy, 9.9% from Australia, 2.2% from Ireland, and 13.2% from other regions. Flutter holds a leading digital revenue share in the US, UK, Ireland, Australia, and Italy.

In the past year, Flutter Entertainment has focused on strategic growth initiatives, including expansion into the U.S. and new markets, product innovation, and platform integration to drive user engagement and market share. The company emphasizes compliance with local gambling regulations and responsible gambling practices. Events that have affected Flutter Entertainment's reputation include the UK government's decision to increase the tax rate on iGaming and sports betting, FanDuel's introduction of 'Pass The Leg' and prediction markets, and Flutter's continued commitment to responsible gaming measures and partnerships with regulators.

Flutter Entertainment Plc is primarily owned by institutional shareholders, who hold 87.84% of the company's stock. Major institutional owners include Vanguard Group Inc., Capital World Investors, BlackRock, Inc., Caledonia (Private) Investments Pty Ltd, Capital Research Global Investors and Fmr Llc. In the past six months, Flutter insiders have sold more shares than they have bought, with total insider sales amounting to $1,253,313.00.