FLUTFlutter Entertainment plc
Services-Computer Programming, Data Processing, Etc.
- Revenue
- $16.4B
- 17% YoY
- Operating margin
- 0.2%
- 96% YoY
- EBITDA
- $1.6B
- 21% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 6.7×
- $10.4B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear95% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired55% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $9.5B | $11.8B | $14.0B | $16.4B | 17% |
| Operating income | −$88M | −$549M | $869M | $36M | 96% |
| Operating cash flow | $1.2B | $937M | $1.6B | $1.2B | 26% |
| Capex | $122M | $159M | $144M | $105M | 27% |
| Stock-based comp | $132M | $180M | $196M | $246M | 26% |
| Buybacks | $3M | $212M | $219M | $1.1B | 413% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $20M | $4M | 105 | 143 |
| FY2024 | $22M | $38M | 126 | 135 |