FanDuel parent Flutter Entertainment has reported a profit of US$335 million in the first quarter of 2025. This reversed a US$117 million loss a year earlier.
The company recorded cash flow of US$616 million, a 20% increase, on revenues of US$3.7 billion.
Sports betting handle grew 8%, “in line with expectations with lower-than-expected basketball handle, offset by stronger growth on other sports,” Flutter stated.
Flutter offered bifurcated earnings guidance to investors, raising expectations for international operations and lowering them for the US. Revenue projections were up 7%, with cash flow expectations up 1%.
Overseas revenue forecasts were boosted 17% to $9.7 billion, while forecasts for the US were dialed back 4% to US$7.4 billion.
