Flutter Entertainment released its fiscal 2025 results, with group revenue reaching $16.38 billion, a 17% increase year-over-year. However, due to the shutdown of operations in India following the ban on real-money online gambling and a $556 million non-cash impairment, the group recorded a net loss of $407 million (compared to a net profit of $162 million in 2024). In plain terms, the sudden closure of the Indian market, despite rapid growth in the US, still resulted in a financial hit. The US market remains the main driver of growth, contributing $6.97 billion in revenue (+20%), accounting for 42% of total group revenue. Want to know how a global gambling giant is dealing with regional regulatory storms? Follow industry financial reports and strategic trends continuously on PASA's official website.
Overview of Results: Revenue up 17%, net profit turned to loss
Core data for fiscal year 2025:
Total Revenue: $16.38 billion (+17%)
iGaming revenue: +27%
Sports betting revenue: +10%
Average monthly active players: 15.9 million (+14%)
Adjusted EBITDA: $2.85 billion (+21%)
Net Loss: $407 million (Net profit of $162 million in 2024)
Main reasons for loss:
Indian real-money gambling ban leading to the shutdown of Junglee operations, resulting in approximately $556 million in non-cash impairment
Increased financing costs and ongoing amortization related to past acquisitions
Regional Performance: US leads, Brazil surges 229%, India drags down Asia-Pacific
US Market (FanDuel leading):
Revenue $6.97 billion (+20%), accounting for 42% of the group
Maintained approximately 41% sports betting GGR share and 27% iGaming share in operational states
Launched FanDuel Predicts in collaboration with the Chicago Mercantile Exchange at the end of the year
International Markets:
Total revenue $9.42 billion (+14%)
UK and Ireland: Revenue slightly down 1% (iGaming +13%, sports betting -13%)
Southeast Asia: Revenue surged 72% (sports betting +82%, iGaming +68%)
Brazil: Driven by market opening, revenue exploded by 229%
Asia-Pacific (including India): Revenue down 8% (sports betting -6%, iGaming -25%)
Future Outlook: 2026 revenue target up to $19.05 billion
CEO Peter Jackson stated that 2025 was "another year of transformation," demonstrating the group's agility in responding to regulatory changes. Looking ahead to 2026:
Total Revenue: Expected to be between $17.75 billion and $19.05 billion (midpoint $18.4 billion, +12%)
Adjusted EBITDA: $2.65 billion to $3.3 billion (midpoint $2.97 billion, +4%)
US Revenue: Up to $8.2 billion (+18%)
International Revenue: Expected to grow 15%
Jackson emphasized that with global sports events like the World Cup and significant moments in iGaming, the group is fully prepared to seize these opportunities.
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This article is from "PASA-Global iGaming Leader," a gambling industry news channel: https://t.me/pasa_news
Original in-depth gambling channel: https://t.me/gamblingdeep
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PASA Matrix: @pasa002_bot
PASA official website: https://www.pasa.news
