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Flutter Entertainment PLC on Thursday said Fan Duel, favourable sporting results and iGaming growth helped deliver sales and earnings growth in the second quarter and improved prospects for the rest of the year. Flutter Entertainment is a global sports betting and gaming operator with a portfolio of leading international brands such as FanDuel, Paddy Power, Sportsbet, Betfair and SkyBet. Revenue is expected to rise 23% to $17.3 billion in 2025, the company said in a statement on Thursday. Earnings before interest, taxes, depreciation and amortisation will grow 40% to about $3.3 billion. That‘s up from previous guidance of $17.1 billion and $3.18 billion, respectively. Adjusted Ebitda jumped 25% to $919 million in the second quarter of 2025 from $738 million a year prior, although net income tumbled 88% to $37 million from $297million. The net income decline reflected a non-cash charge related to the movement in the Fox Option valuation, increased non-cash amortization of acquired intangibles and an increased income tax expense. Revenue rose 11% to $15.98 billion from $14.34 billion as average monthly players increased 11%. ‘Our US business continues to scale rapidly,’ Flutter said, backing a decision to move its main listing to New York from London. US revenue growth of 17% was underpinned by sustained strength in FanDuel’s iGaming business and the benefit of favourable sports results. International revenue and adjusted Ebitda grew 15% and 13% respectively, including the benefit of Snai and NSX acquisitions. iGaming revenue growth of 27% was driven by UK and Ireland, Southern Europe and Africa and Asia Pacific, the firm said. Sportsbook revenue growth of 4% reflects a very strong performance in the 2024 European Football Championships in the prior year, and less favourable year-over-year sports results. Chief Executive Peter Jackson commented: ‘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. ‘Since Q1, Flutter gained additional US index inclusion and accelerated ownership of FanDuel to 100%. We also became the largest operator in Italy with the addition of Snai; established a scale position in Brazil through NSX; and successfully executed two transformative customer migrations. 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,’ he added. Shares in Flutter Entertainment were down 0.3% at $305.00 in after hours trading in New York on Thursday after closing down 0.3% earlier. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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