Flutter Entertainment
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Flutter Entertainment - overview
Established
2016
Location
Dublin, -, Ireland
Primary Industry
Travel & Leisure
About
Flutter Entertainment, based in Dublin, Ireland, is a leading provider of online betting and gaming services, operating notable brands like FanDuel and PokerStars to enhance user engagement in sports betting and gaming. Founded in 2016 by Henry Styles and Teresa Paiva, Flutter Entertainment operates from its headquarters in Dublin, Ireland. The company has evolved to incorporate various brands under its umbrella, including FanDuel and PokerStars, providing a comprehensive range of online betting and gaming options to its customers. Flutter Entertainment specializes in offering a diverse selection of online betting and gaming services through well-known brands such as FanDuel, PokerStars, and Paddy Power.
Their platforms allow users to engage in sports betting, casino gaming, and poker, utilizing advanced technology to facilitate real-time interactions and transactions from anywhere globally. Their services cater to a broad audience, including casual bettors and professional gamers, focusing on enhancing user experiences while promoting responsible gaming practices. In 2023, Flutter Entertainment reported a revenue of USD 11. 82 bn, with an EBITDA of USD 973 mn.
The company generates revenue through transaction-based models and strategic partnerships, allowing users to place bets and play games across its platforms, contributing significantly to its overall financial performance.
Primary Industry
Travel & Leisure
Sub Industries
Casinos & Gambling
Website
www.flutter.com
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
Flutter Entertainment - timeline of key events
Flutter Entertainment - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 8,303,713,876.832 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - |
| EBITDA (USD) | - | (119.911) | 1,011,379,749.221 | - | - | - |
| Operating Income (USD) | - | (119.911) | (85,978,283.904) | - | - | - |
| Operating Margin | - | - | (1.0%) | - | - | - |
| % EBITDA Margin | - | - | 12.2% | - | - | - |
| NET Income (USD) | - | (119.911) | (566,631,282.242) | - | - | - |
| % Net Margin | - | - | (6.8%) | - | - | - |
Flutter Entertainment - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Sisal S.P.A. | - | ||||||||
| Buyout | Completed | oddschecker | - |
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Flutter Entertainment - employee data
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