Flutter Entertainment plc is a leading global sports betting and iGaming company, headquartered in Dublin, Ireland, with operational headquarters in New York City. Formed in 2016 through the merger of Paddy Power and Betfair, the company rebranded as Flutter Entertainment in 2019 to reflect its expanding portfolio. Flutter operates a diverse range of prominent brands, including FanDuel, Betfair, Paddy Power, PokerStars, Sky Betting & Gaming, Sportsbet, Sisal, and Tombola. As of 2024, the company serves approximately 13.9 million average monthly players worldwide
The company's growth strategy has been marked by significant acquisitions, such as the $6.95 billion purchase of The Stars Group in 2019, which brought PokerStars and Sky Betting & Gaming under its umbrella . In 2024, Flutter acquired Snaitech, a leading Italian gambling operator, for €2.3 billion, further strengthening its presence in Europe . Flutter's expansion into the U.S. market has been particularly noteworthy, with FanDuel becoming a dominant player in the American sports betting landscape.
Financially, Flutter reported revenues of $14.32 billion and a net income of $522 million in 2024 . The company has outlined ambitious growth plans, aiming to achieve $21 billion in revenue and over $5 billion in adjusted EBITDA by 2027 . To support this growth, Flutter authorized a $5 billion share buyback program and shifted its primary stock listing to the New York Stock Exchange in 2024
Flutter's commitment to innovation and customer engagement is evident in its diverse brand portfolio and strategic partnerships. The company continues to invest in technology and responsible gaming initiatives to enhance user experience and ensure sustainable growth. With a strong presence in key markets and a clear vision for the future, Flutter Entertainment remains a significant player in the global online gambling industry.