NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q4 and full year 2025 results, and introduces 2026 guidance. Unparalleled scale advantages and strategic execution reinforced Flutter's global leadership in 2025 Key financial highlights: In $ millions except where stated otherwise Three months ended December 31 Fiscal year ended December 31 2025 2024 YOY 2025 2024 YOY Average monthly players (AMPs) (‘000s)1 15,072 14,605 +3 % 15,911 13,898 +14 % Revenue 4,737 3,792 +25 % 16,383 14,048 +17 % Net income (loss) 10 156 (94 )% (407 ) 162 (351 )% Net income (loss) margin 0.2 % 4.1 % (390)bps (2.5 )% 1.2 % (370)bps Adjusted EBITDA2 832 655 +27 % 2,845 2,357 +21 % Adjusted EBITDA Margin2 17.6 % 17.3 % +30bps 17.4 % 16.8 % +60bps Earnings (loss) per share ($) (0.05 ) 0.45 (111 )% (1.75 ) 0.24 (829 )% Adjusted earnings per share ($)2 1.74 2.94 (41 )% 7.94 7.27 +9 % Net cash provided by operating activities 428 652 (34 )% 1,184 1,602 (26 )% Free cash flow2 138 473 (71 )% 407 941 (57 )% Leverage ratio2 3.7x 2.2x +1.5x Leverage ratio including Snai2 3.6x FY 2025 highlights: Unparalleled scale and strategic execution reinforced Flutter's global leadership during the year: Strong full year 2025 Group performance; AMPs +14%, revenue +17% benefiting from M&A3 US market leadership with 41% sportsbook GGR share, 28% iGaming GGR share in Q44 Significant, incremental US opportunity accessed through FanDuel Predicts launch Leadership positions maintained within International, with excellent growth in SEA and CEE Successful execution of International transformation and integration progress, unlocking strategic benefit and cost savings Strong adjusted EBITDA growth +21% with net loss of $407m primarily due to non-cash impairment charge of $556m triggered by Indian regulation changes5 Cash conversion and leverage ratio (3.7x) reflect strategic acquisitions in US, Italy and Brazil Returned $1bn of capital to shareholders Q4 2025 overview: Solid Q4 Group performance with revenue +25% primarily driven by M&A and more favorable US sports results year-over-year.