Flutter Announces Quarterly Revenue Growth, With Eye on Prediction Markets
Global betting operator Flutter has announced a significant revenue rise for 2025 Q1, and the company may be poised to enter the prediction markets sector.
In an update on Wednesday, the company reported 2025 Q1 revenue for the group of $3.66 billion, which represents a rise of 8.8% on last year’s Q1 numbers. Flutter also showed net income of $335 million, which equates to a spectacular year-on-year rise of 289%.
The company reported a significant rise in the average monthly players figure of 8% to 14,880, and a 51% rise in adjusted earnings per share, which reached $1.59. However, the figures overall were still below the consensus forecasts of analysts, who had predicted revenue of $3.96 billion and earnings per share of $2.05, and the company’s stock fell by 1% before the close of trading.
Flutter Shows Strong US Performance
While Flutter’s international revenue was up just 1% at a little under $2 billion, there was a much stronger performance from its US division. Led by sports betting and Daily Fantasy Sports operator FanDuel, the Flutter US business showed an 18% year-on-year revenue rise to $1.66 billion.
“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,” said Flutter’s Chief Executive Officer, Peter Jackson, in a press release.
The US figures also showed that sports betting iGaming revenue grew by 15% and 32% respectively, compared to the 2024 figures, despite a customer-friendly March Madness tournament in which all four top seeds made it to the Final Four.
Prediction Markets of Interest to Flutter CEO
Jackson also suggested that there was a possibility of Flutter entering the best prediction markets sector. The company already operates betting exchange brand Betfair, and he suggested that it was something they were considering, having brought in staff to examine the potential.
Flutter’s interest in prediction markets is the latest signal that US bookmakers may be considering embracing the model rather than opposing it.
The fact that one of the most prominent operators in this space, Kalshi, has successfully defeated multiple legal challenges, most recently the CFTC dropped its appeal against the platform, may also encourage established sportsbook companies to enter the prediction industry.
Kalshi in particular has come under fire in several states, with regulators accusing it of side-stepping sports betting legislation by offering prediction markets that are technically treated as financial instruments.
