Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) the world’s largest online sports betting and iGaming operator, has raised its full-year 2025 guidance following a strong second quarter, driven by its US business.
Revenue rose 16% year-on-year in the three months to 30 June, reaching $4.2 billion, while adjusted EBITDA increased 25% to $919 million. The group’s US division—led by FanDuel—generated 17% revenue growth and delivered a record $400 million in adjusted EBITDA. FanDuel maintained its lead in sportsbook market share and extended its top position in iGaming, where revenue rose 42%.
International operations also delivered solid growth, with revenue up 15%, supported by the recently acquired Snai and NSX businesses. Organic growth was underpinned by strong iGaming demand across the UK, Ireland, Southern Europe, Africa, and Asia Pacific.
Despite these gains, net income declined by 88% to $52 million, largely due to non-cash charges, including changes in the Fox Option valuation and increased amortisation of acquired intangibles.
Flutter increased its full-year 2025 revenue guidance to $17.3 billion, with adjusted EBITDA expected to reach $3.3 billion—representing annual growth of 23% and 40% respectively.
“I am pleased with the excellent underlying performance we have delivered in the second quarter alongside the good progress made on a number of key strategic initiatives," commented CEO Peter Jackson.
"Revenue grew by 16% year-on-year, as we continue to build scale positions in the most attractive markets through strong organic growth and value-creating M&A.
"Such varied achievements in one quarter are a great reflection of our teams’ focus and ability to execute effectively, leaving us well positioned for the second half of the year.”