What's up fellow investors! After diving deep into Flutter Entertainment's financials, analyst ratings, and recent performance, I've put together this comprehensive DD for a buy position in FLUT
Flutter Entertainment is the world's largest online sports betting and iGaming operator with a portfolio of leading brands including FanDuel, Betfair, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet. The company operates globally with particular strength in the US, UK, Ireland, Australia, and Italy.
Recent Financial Performance
Flutter just released their Q1 2025 results on May 7th, showing continued growth:
Revenue increased 8% year-over-year to $3.67 billion
Average Monthly Players grew 8% to 14.88 million
Net income of $335 million, compared to a net loss of $177 million in Q1 2024 (a 289% improvement)
Adjusted EBITDA increased 20% to $616 million
Adjusted EBITDA margin expanded 170 basis points to 16.8%
Growth Projections
Analyst consensus for Flutter's growth is extremely bullish:
Revenue growth: 20.45% for FY2025 and 16.08% for FY2026
EPS growth: Dramatic improvement from $0.24 in FY2024 to $9.01 in FY2025 (3,652% increase) and $12.93 in FY2026 (43.6% increase)
Now I am might be an idiot but I have been following lot of other funds and this is their consensus on FLUT
Analyst Sentiment
The Wall Street consensus on FLUT is overwhelmingly positive:
21 analysts covering the stock
Consensus rating: "Buy" (20 Buy ratings, 1 Strong Buy rating)
Average price target: $306.28 (26.65% upside from current price)
Price target range: $247 to $350
Recent analyst actions include:
Barclays lowering target from $300 to $293 (May 8, 2025)
Macquarie maintaining Outperform with $340 target (May 8, 2025)
Needham reiterating Buy with $310 target (May 8, 2025)
The ATH in feb 14 was ~$300, so it's all pretty reasonable. I was already part of the wave and now the stocks seems to be in a consolidating position thanks to uncle Trump, so let's join forces to push this one up.