Global sports betting company Flutter has announced its 2025 first quarter results, which showed both earnings per share and revenue figures falling short of analysts’ expectations.
The company recorded an adjusted earnings per share figure of $1.59, which was up 51% on a year-on-year comparison but was significantly lower than the $1.89 Wall Street consensus had predicted.
Quarterly revenue for the first three months of the year was also up on 2024, showing an 8% rise to $3.67 billion, but this fell short of analysts’ projections of a $3.84 billion revenue return. As a result of the slightly disappointing figures, the company has lowered its full-year US guidance.
Speaking about the results on CNBC, Flutter’s Chief Executive Officer, Peter Jackson, said that a series of bettor-friendly outcomes in the NCAA’s ‘March Madness’ tournament had impacted on the overall performance of the company in the US, but that he expected overall spending on sports betting and casino games to be maintained.
In comments included with the quarterly results, he said that the company was well positioned going into the rest of 2025.
“I am pleased with the performance of the business during the first quarter, with the scaling of our US business driving a step change in the earnings profile of the Group. FanDuel continues to win in the US, retaining leadership positions in both online sports betting and iGaming, while we saw a positive performance within International, where our scale and the competitive advantages of our Flutter Edge have been enhanced by the acquisition of Snai in Italy, ” Jackson said.