Flutter’s latest Q2 2025 results paint a picture of a business growing its player base and pulling in more revenue. The quarter saw gains across most regions, with better margins helping the bottom line. There were a few bumps in statutory profit, but the core trading performance stayed strong.

• Average monthly players hit 15.98 million, up 11% from last year, showing Flutter is still attracting more active users. Group revenue climbed 16% year-on-year to $4.19 billion, marking another quarter of solid top-line growth. The Q2 2025 results underline the company’s ability to keep scale and momentum even in competitive markets.

• Adjusted EBITDA came in at $919 million, up 25% on Q2 2024, with margins widening to 21.9% from 20.4%. This suggests the business is getting more efficient as volumes grow. Flutter says this reflects benefits from technology upgrades and better marketing efficiency.

• Adjusted earnings per share rose 45% to $2.95, showing those operational gains are feeding into earnings. However, statutory net income dropped sharply to $37 million from $310 million a year ago, mainly due to one-off charges and accounting adjustments.

• Operating cash flow was $359 million, up 11% year-on-year, while free cash flow eased slightly to $156 million. The dip in free cash flow came from higher working capital needs, but the company stayed in positive territory.

• CEO Peter Jackson said: “I am pleased with the excellent underlying performance we have delivered in the second quarter,” adding that new product launches and market expansion remain key focus areas.

Please find more news here.