Flutter reported revenue growth in the first quarter of 2026, helped by acquisitions and stronger iGaming performance. The company continues to operate mainly as an online betting and gaming group, although it still has some retail exposure – see more details:

  • Flutter posted group revenue of USD 4.3bn (ca. EUR 3.7bn) in Q1 2026 with CEO Peter Jackson noting: “Flutter’s Q1 performance was encouraging, with Group revenue increasing 17% year-on-year.”  Sportsbook revenue increased 10% to USD 2.22bn (ca. EUR 1.89bn), while iGaming revenue rose 28% to USD 1.95bn (ca. EUR 1.66bn). Other revenue, which includes retail and additional services, grew 3%.
  • The company does not break out a direct online versus offline revenue split in the report. However, most of Flutter’s business is online, with retail operations mainly tied to Sisal and Snai in Italy and some UK retail exposure. The “other revenue” segment represented only a small part of total group revenue during the quarter.
  • US revenue reached USD 1.76bn (ca. EUR 1.5bn) during the quarter, up 6% year-on-year. FanDuel sportsbook revenue increased 1%, while iGaming revenue climbed 19%. Flutter said customer engagement improved during March as sportsbook handle and AMP (Average Monthly Players) trends recovered.
  • International revenue increased 27% to USD 2.54bn (ca. EUR 2.16bn) following the additions of Snai and Betnacional. Southern Europe and Africa revenue rose 110%, while Brazil revenue increased 722% due to the NSX acquisition. Organic international revenue growth was broadly flat because of unfavorable sports results during the quarter.
  • Adjusted EBITDA increased 2% to USD 631m (ca. EUR 536m) while adjusted EBITDA margin fell to 14.7% from 16.8% a year earlier. Net income declined 38% to USD 209m (ca. EUR 177m) because of higher interest expenses and increased depreciation and amortization linked to acquisitions.
  • Flutter also updated its full-year guidance after weaker sports results and additional investment costs tied to Arkansas and prediction markets. Group revenue guidance now stands at USD 18.305bn (ca. EUR 15.5bn), with adjusted EBITDA guidance reduced to USD 2.865bn (ca. EUR 2.4bn). 

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