FanDuel Parent Flutter (FLUT) Q4 2025 Earnings

Father of FanDuel Flutter Entertainment On Thursday, it reported fourth-quarter earnings that beat Wall Street expectations on almost every measure.

FanDuel’s performance in the fourth quarter of 2025 was affected by bettors losing more than usual. When that happens, gamblers get frustrated, bet less and stop using the app as frequently, Flutter CEO Peter Jackson told CNBC in an interview.

“It’s fair to say, not everything went our way in the fourth quarter,” Jackson said.

Flutter shares fell nearly 7% in extended trading Thursday.

Here’s what the company reported for the fourth quarter, compared to Wall Street consensus:

• profit: $4.74 billion versus $4.97 billion, according to LSEG
• Adjusted earnings per share: $1.74 vs. $1.95, according to LSEG

For the fourth quarter, Flutter reported adjusted earnings before interest, taxes, depreciation and amortization of $832 million, less than the $893 million Wall Street had expected, according to StreetAccount.

Q4 revenue saw a 25% year-over-year increase. However, Flutter’s 2026 revenue guidance of $17.75 billion to $19.05 billion was below analysts’ expectations of $19.34 billion for the year.

On the company’s earnings call, Jackson told investors that prediction markets would likely spur more sports betting legalization by states. He also said the company found no evidence that prediction markets are cannibalizing the sports betting business.