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In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the us, UK and Ireland, Australia, and many other countries. Some of its main brands are FanDuel in the us, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2023, the company offered products in over 100 countries and had 12.3 million average monthly users. In 2023, sports betting was 56% of revenue, online gaming 39%, and fantasy sports, horse racing, and other 5%.
1958
23.1K+
LTM Revenue $14.4B
LTM EBITDA $2.5B
$52.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Flutter Entertainment has a last 12-month revenue of $14.4B and a last 12-month EBITDA of $2.5B.
In the most recent fiscal year, Flutter Entertainment achieved revenue of $11.8B and an EBITDA of $624M.
Flutter Entertainment expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Flutter Entertainment valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $9.3B | $11.8B | $14.0B | $14.4B | XXX |
| Gross Profit | $5.0B | $5.5B | $5.6B | XXX | XXX |
| Gross Margin | 54% | 47% | 40% | XXX | XXX |
| EBITDA | $1.1B | $624M | $2.3B | $2.5B | XXX |
| EBITDA Margin | 12% | 5% | 17% | 17% | XXX |
| Net Profit | -$561M | -$365M | -$1.2B | XXX | XXX |
| Net Margin | -6% | -3% | -9% | XXX | XXX |
| Net Debt | $3.5B | $5.8B | $3.8B | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of February 21, 2025, Flutter Entertainment's stock price is $273.
Flutter Entertainment has current market cap of $48.4B, and EV of $52.3B.
See Flutter Entertainment trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $52.3B | $48.4B | XXX | XXX | XXX | XXX | $5.71 |
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Sign UpAs of February 21, 2025, Flutter Entertainment has market cap of $48.4B and EV of $52.3B.
Flutter Entertainment's trades at 3.6x LTM EV/Revenue multiple, and 21.1x LTM EBITDA.
Analysts estimate Flutter Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Flutter Entertainment and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $52.3B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 22.3x | XXX | XXX | XXX |
| P/E | 52.8x | XXX | XXX | XXX |
| P/E/Growth | 0.9x | XXX | XXX | XXX |
| EV/FCF | 67.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpFlutter Entertainment's NTM/LTM revenue growth is 19%
Flutter Entertainment's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Flutter Entertainment's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Flutter Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Flutter Entertainment and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 276% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 35% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 32% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 52% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Flutter Entertainment acquired XXX companies to date.
Last acquisition by Flutter Entertainment was XXXXXXXX, XXXXX XXXXX XXXXXX . Flutter Entertainment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Flutter Entertainment founded? | Flutter Entertainment was founded in 1958. |
| Where is Flutter Entertainment headquartered? | Flutter Entertainment is headquartered in United States of America. |
| How many employees does Flutter Entertainment have? | As of today, Flutter Entertainment has 23.1K+ employees. |
| Who is the CEO of Flutter Entertainment? | Flutter Entertainment's CEO is Mr. Peter Jackson. |
| Is Flutter Entertainment publicy listed? | Yes, Flutter Entertainment is a public company listed on NYS. |
| What is the stock symbol of Flutter Entertainment? | Flutter Entertainment trades under FLUT ticker. |
| Who are competitors of Flutter Entertainment? | Similar companies to Flutter Entertainment include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of Flutter Entertainment? | Flutter Entertainment's current market cap is $48.4B |
| What is the current revenue of Flutter Entertainment? | Flutter Entertainment's last 12-month revenue is $14.4B. |
| What is the current EBITDA of Flutter Entertainment? | Flutter Entertainment's last 12-month EBITDA is $2.5B. |
| What is the current EV/Revenue multiple of Flutter Entertainment? | Current revenue multiple of Flutter Entertainment is 3.6x. |
| What is the current EV/EBITDA multiple of Flutter Entertainment? | Current EBITDA multiple of Flutter Entertainment is 21.1x. |
| What is the current revenue growth of Flutter Entertainment? | Flutter Entertainment revenue growth between 2023 and 2024 was 19%. |
| Is Flutter Entertainment profitable? | Yes, Flutter Entertainment is EBITDA-positive (as of the last 12 months). |
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