Flutter Has a Strong Q1, CEO Jackson Makes US Market Predictions

By Matt Speakman,
Betting Expert at online-gambling.com

Matt Speakman Betting Expert at online-gambling.com

A die-hard fan of the Patriots, Matt Speakman is an expert on everything related to sports betting and DFS sites. Over the years, he has proven a valuable asset for our team at online-gambling.com. You can find Speakman's professional tips and tricks in any of his many articles on the website.

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Last updated: May 31, 2025

Flutter Entertainment reported another strong quarter in the US. The betting giant generated $3.66 billion in revenue during Q1 of 2025, up 8% from last year. EBITDA gains amount to $616 million, with a net income of $335 million, bringing 20% and 289% growth YoY, respectively.

Flutter’s First Quarter: FanDuel Thrives, EPS Below Expectations

Flutter also counted around 8% more players (14,880) monthly, while earnings per share (EPS) increased by 51%, from $1.05 to $1.59. On the other hand, cash on hand remained at $1.5 billion, with net debt of $5.2 billion. EPS and revenue were below the expected $2.05, and the company’s stock was down $1% to $242.36 at market close on May 7.

FanDuel, Flutter’s leading branch, reported a revenue increase of 18% YoY, totaling $1.66 billion. EBITDA was $161 million, a 5x increase since 2024. Surprisingly, the global company’s revenue was a little under $2 billion.

Flutter CEO Peter Jackson noted that FanDuel maintains its leading position in the US, both in online sports betting and iGaming. On an international level, Flutter is more than successful, with the recent acquisition of Snai, a major gaming company, in Italy.

FanDuel’s Success in the US

US iGaming and sports betting revenue grew by 32% and 15%, respectively, while average monthly players increased by 11% from last year. FanDuel holds 43% market share for digital betting and 23% for iGaming, according to Flutter’s press release from May 7, 2025.

Despite the industry-wide unfavorable March Madness results, Flutter’s sports betting revenue increase is significant. The handle shows growth of 8%, but CFO Rob Coldrake commented that the company focuses on net revenue instead. Yet, the full-year US revenue guidance was lowered from $7.43 billion – $7.93 billion to $7.15 billion – $7.65 billion.

Despite the unstable economic situation, caused by US tariffs and the fear of recession, Jackson notes that online gaming is “resilient”. He believes iGaming and digital betting have strong potential over the long term, and potential softening doesn’t compromise growth plans.

Peter Jackson’s Market Predictions

Peter Jackson shared many insights into prediction markets, one of the hottest topics in the industry. He notes that Flutter owns Betfair and is inclined to join the betting exchange platform rather than fight it.

Top US bookmakers may soon enter the prediction market, Jackson says. Prediction markets are currently legal, and Kalshi has recently overcome legal challenges. Earlier this year, it was reported that DraftKings, a major competitor to Flutter, applied to register “DraftKings Predict” with the National Futures Association, but they have since withdrawn the application.