Flutter Entertainment plc (FLUT)
Flutter Entertainment plc is a global gambling and sports betting company headquartered in Dublin, Ireland. It operates a diverse portfolio of brands across online sports betting, gaming, and casino markets, including well-known platforms like Paddy Power, Betfair, and Sky Bet. Founded through the merger of Paddy Power and Betfair, the company focuses on providing digital betting experiences, leveraging technology and data-driven strategies to serve customers worldwide.
Company News
DraftKings reported strong Q2 earnings with record revenue and profitability, demonstrating continued growth in the online sports betting market despite a minor earnings miss that temporarily dampened investor sentiment.
Flutter Entertainment's CEO and CFO will participate in a fireside chat hosted by Moffett Nathanson on August 13, 2025, with a live stream available on their investor website.
Flutter Entertainment has completed its strategic partnership extension with Boyd Gaming Corporation and bought out Boyd's 5% stake in FanDuel Group, effective July 1, 2025, securing full ownership of the sports betting platform.
Sports betting stocks had a mixed performance during the Super Bowl, with some stocks rising while others fell. The surge in bets during the game was not entirely favorable for sports books, as the underdog Eagles won and the over hit, leading to losses for the books. However, the high volume of bets and exposure for the industry offset the less than favorable outcome.