Flutter Entertainment PLC (FLUT) FinancialsFLUTFlutter Entertainment PLC

Flutter Entertainment PLC (FLUT) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Sportsbook, accounting for 51.5% of total sales, equivalent to $2.23B. Other significant revenue streams include iGaming and Other. Understanding this composition is critical for investors evaluating how FLUT navigates market cycles within the Casinos & Gaming industry.

Evaluating the bottom line, Flutter Entertainment PLC maintains a gross margin of 39.60%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -3.33%, while the net margin is -6.84%. These profitability ratios, combined with a Return on Equity (ROE) of -7.95%, provide a clear picture of how effectively FLUT converts its operational activities into shareholder value.

In the context of the broader market, FLUT competes directly with industry leaders such as MGM and WYNN. With a market capitalization of $17.66B, it holds a leading position in the sector. When comparing efficiency, FLUT's gross margin of 39.60% stands against MGM's 38.12% and WYNN's 31.44%. Such benchmarking helps identify whether Flutter Entertainment PLC is trading at a premium or discount relative to its financial performance.

Flutter's total revenue has shown growth, reaching $4.32 billion in Q2 2026, but net income remains inconsistent, with a loss of $274 million in the same quarter. The gross margin has also decreased to 39.60%, indicating potential challenges in profitability.