Flutter's Q1 earnings skyrocket to an impressive $3.7 billion, significantly boosted by FanDuel's contributions.
Fired Up Financials: Flutter Entertainment's Blazing Start to 2025
Step aside, folks, and get ready for some sizzling numbers! Flutter Entertainment's first quarter of 2025 has been a scorcher, particularly in the US market where their FanDuel brand continues to flame on. Here's the skinny on their latest financial revival.
FanDuel, the MVP of Flutter's Game
FanDuel gave Flutter a solid momentum push in the US, propelling their Q1 revenue past the $1.1 billion mark and boosting overall US operations revenue to nearly $1.7 billion. And guess what? Even though March Madness didn't play ball in favor of sportsbooks, Flutter managed a cool 18% increase from 2024's figures!
iGaming: The Game-Changer
iGaming gave a phenomenal performance, growing a whopping 32% to hit $472 million. Say What?! FanDuel reported over 4.3 million monthly active players, reflecting an impressive 11% hike, and maintained a commanding 43% market share in the US.
CEO Peter Jackson's Take
CEO Peter Jackson summed it up neatly: "FanDuel's winning streak continues in the US, nabbing the top spots in both online sports betting and iGaming." Jackson also referenced Flutter's Italian expansion through the acquisition of Snaitech as a shrewd move to bolster their global presence.
The Rest of the World: Mixed Blessings
Outside the US, Flutter's international operations clocked in at a smidge under $2 billion, holding steady compared to the previous year. However, regional differences surfaced. Southern Europe and Africa enjoyed a 14% and 15% increase respectively, while Brazil and Asia Pacific suffered notable declines of 44% and 13% respectively. The UK and Ireland continued to be reliable contributors, contributing $882 million to the quarter.
Looking Ahead: Flutter's US Projections
With their sights set on more growth, Flutter has adjusted its 2025 US revenue forecast. They now predict revenue of between $7.2 billion and $7.65 billion, and adjusted EBITDA for the region landing between $1.01 billion and $1.25 billion. If the numbers fall in the middle of those projections, we're looking at a 28% revenue increase and a staggering 123% surge in adjusted EBITDA compared to 2024.
The Bottom Line
Flutter's profitability soared last quarter, turning the $177 million net loss of Q1 2024 into a $335 million profit in 2025. Their group-wide adjusted EBITDA swelled by 20% to $616 million, and they added more users across all platforms, with total users jumping by 8% year-over-year.
Now, Saddle Up and Ride the Wave!With figures like these, Flutter Entertainment is gearing up for a thrilling ride in 2025. Revenues are expected to hit around $17.08 billion, with adjusted EBITDA at approximately $3.18 billion. The US market, in particular, is expected to generate around $7.4 billion, maintaining a strong growth trajectory. So, buckle up and enjoy the wild ride!
[Ed. Note 1: Flutter Entertainment's latest quarterly results show strong growth in their US operations, particularly with FanDuel, their leading online sportsbook and iGaming platform in the country. Revenue from Flutter's US operations nearly doubled in Q1 2025 compared to the same period in 2024, reaching almost $1.7 billion. Bonus tidbit: Adjusted EBITDA for Flutter's US segment skyrocketed by five times year-over-year, reaching $161 million in Q1 2025.]
[Ed. Note 2: Flutter Entertainment Anticipates Strong 2025 Growth with $17.08 Billion in Revenue and $3.18 Billion in Adjusted EBITDA, According to Their Latest Quarterly Results and 2025 Guidance.]
[Ed. Note 3: FanDuel Continues to Dominate the US iGaming and Online Sports Betting Markets, with 43% Market Share and 7.8% Net Revenue Margin, Respectively.]
[Ed. Note 4: Flutter Entertainment's Q1 2025 US Revenue Figures Indicate Strong Sales Performance Despite a Challenging March Madness Season.]
[Ed. Note 5: 7Bit Casino Offers 177% up to 5BTC + 77 Free Spins! Visit Site]
Technology played a significant role in Flutter Entertainment's impressive performance, with their online sportsbook and iGaming platform, FanDuel, dominating the US market. In the first quarter of 2025, FanDuel's cutting-edge features and user-friendly interface helped boost Flutter's Q1 revenue past the $1.1 billion mark, marking a 18% increase from 2024's figures. Interestingly, this growth was achieved during a period when traditional sports events were disrupted, underscoring the resilience and adaptability of technology in the sports industry.
