FanDuel parent Flutter (FLUT) Q4 2025 earnings

FanDuel parent Flutter Entertainment It announced fourth-quarter earnings on Thursday that met Wall Street expectations by nearly every measure.

FanDuel’s performance in the final quarter of 2025 was impacted by bettors losing more frequently than usual. In this case, gamblers become discouraged, place less bets, and stop using the app as often, Flutter CEO Peter Jackson said in an interview with CNBC.

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

Flutter’s shares fell nearly 7% in extended trading Thursday.

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

• Revenues: $4.97 billion versus $4.74 billion, according to LSEG
• Adjusted EPS: $1.74 and $1.95 according to LSEG

Flutter reported fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization of $832 million, according to StreetAccount; This was below the $893 million Wall Street expected.

Fourth quarter revenue increased 25% year over year. But still, Flutter’s revenue expectation of $17.75 billion to $19.05 billion for 2026 was below analysts’ forecast of $19.34 billion this year.

On the company’s earnings call, Jackson told investors that prediction markets will likely encourage greater legalization of sports betting by states. He also said the company found no evidence that prediction markets were cannibalizing the sports betting business.