Flutter announces revenue increase of 8% for Q1

The company, who own Sky Bet and Paddy Power amongst other brands, also announced that their average monthly players is up 8% to 14.8 million.

Flutter, who are now registered on the New York stock-exchange, has increased their EBITDA for the year by 20% from £387 million to £464 million.

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In the UK and Ireland, the company’s 2025 performance continued to grow, with revenue in the quarter at £664 million, which is 2% up from the previous year’s £648 million. The company’s active monthly players in the region is up 8% compared to 2024 to 10.5 million. 

Within these figures, there was a 9% increase in iGaming revenues which was mainly driven by the launch of exclusive and bespoke games.

However, there was a 2% dip in sports betting across the Flutter-owned brands, that’s despite one of the most industry-friendly Cheltenham meets in recent years.

The company has revealed further investment in sports betting across the brands, including an expansion of their Bet Builder product. In addition, 25% of Sky Bet customers have been migrated onto the company’s new platform.

Further afield, the company’s US revenue was up 18% year-on-year with this year’s figure of £1.28 billion far eclipsing last year’s £1.05 billion. This comes despite reference to adverse sports results, including an unprecedented number of favourites winning across ‘March Madness.’

CEO of the company Peter Jackson, said: "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. 

“We are delivering against our strategic priorities, with clear optionality as an ‘and’ business that can create significant value through a combination of organic growth, accretive M&A, and returns to shareholders. The global regulated market opportunity is significant, and Flutter remains uniquely positioned to win."

Kevin Harrington, CEO of Flutter UK and Ireland, added: “We are proud of having the best brands, product and talent in the game. It’s inspiring to see our teams continue to deliver their best work while making a positive impact. 

“The Cheltenham Festival remains a standout moment in the UK and Ireland sporting calendar and the creativity shown by our brands in how they engage customers is nothing short of brilliant.”