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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, 2024, the company offered products in over 100 countries and had 13.9 million average monthly users. In 2024, sports betting was 56% of revenue, online gaming 40%, and fantasy sports, horse racing, and other 4%.
1958
27.3K+
LTM Revenue $15.2B
LTM EBITDA $2.7B
$48.6B
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 (LTM) of $15.2B and a last 12-month EBITDA of $2.7B.
In the most recent fiscal year, Flutter Entertainment achieved revenue of $14.0B and an EBITDA of $1.6B.
Flutter Entertainment expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Flutter Entertainment valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $15.2B | XXX | $14.0B | XXX | XXX | XXX |
| Gross Profit | $7.6B | XXX | $6.7B | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 48% | XXX | XXX | XXX |
| EBITDA | $2.7B | XXX | $1.6B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 11% | XXX | XXX | XXX |
| EBIT | $1.2B | XXX | $869M | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $1.4B | XXX | $109M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $3.3B | XXX | XXX | XXX |
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As of May 30, 2025, Flutter Entertainment's stock price is $253.
Flutter Entertainment has current market cap of $44.6B, and EV of $48.6B.
See Flutter Entertainment trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $48.6B | $44.6B | XXX | XXX | XXX | XXX | $7.54 |
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Start Free TrialAs of May 30, 2025, Flutter Entertainment has market cap of $44.6B and EV of $48.6B.
Flutter Entertainment's trades at 3.5x EV/Revenue multiple, and 30.3x EV/EBITDA.
Equity research analysts estimate Flutter Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Flutter Entertainment has a P/E ratio of 32.6x.
See valuation multiples for Flutter Entertainment and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $44.6B | XXX | $44.6B | XXX | XXX | XXX |
| EV (current) | $48.6B | XXX | $48.6B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBITDA | 17.9x | XXX | 30.3x | XXX | XXX | XXX |
| EV/EBIT | 40.0x | XXX | 55.9x | XXX | XXX | XXX |
| EV/Gross Profit | 6.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 32.6x | XXX | 409.6x | XXX | XXX | XXX |
| EV/FCF | 41.3x | XXX | 51.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFlutter Entertainment's last 12 month revenue growth is 18%
Flutter Entertainment's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Flutter Entertainment's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Flutter Entertainment's rule of X is 63% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Flutter Entertainment and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 35% | XXX | 127% | XXX | XXX | XXX |
| Rule of 40 | 24% | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 63% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 42% | 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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Start Free Trial| 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 27.3K+ employees. |
| Who is the CEO of Flutter Entertainment? | Flutter Entertainment's CEO is Mr. Jeremy 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. |
| When did Flutter Entertainment go public? | Flutter Entertainment went public in 2024. |
| 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 $44.6B |
| What is the current revenue of Flutter Entertainment? | Flutter Entertainment's last 12 months revenue is $15.2B. |
| What is the current revenue growth of Flutter Entertainment? | Flutter Entertainment revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of Flutter Entertainment? | Current revenue multiple of Flutter Entertainment is 3.2x. |
| Is Flutter Entertainment profitable? | Yes, Flutter Entertainment is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Flutter Entertainment? | Flutter Entertainment's last 12 months EBITDA is $2.7B. |
| What is Flutter Entertainment's EBITDA margin? | Flutter Entertainment's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Flutter Entertainment? | Current EBITDA multiple of Flutter Entertainment is 17.9x. |
| What is the current FCF of Flutter Entertainment? | Flutter Entertainment's last 12 months FCF is $1.2B. |
| What is Flutter Entertainment's FCF margin? | Flutter Entertainment's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Flutter Entertainment? | Current FCF multiple of Flutter Entertainment is 41.3x. |
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