Flutter Entertainment (FLUT) Change in Intangibles (2016 - 2026)
Flutter Entertainment (FLUT) posted Change in Intangibles of $142 million for Q3 2026, up 31.5% from $108 million a year earlier and up 5.2% from the prior quarter.
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Analysis
Flutter Entertainment (FLUT) Change in Intangibles (2016 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Change in Intangibles at Flutter Entertainment was $594 million, up 32.6% year-over-year; for FY2025, it came in at $510 million, up 33.9% from FY2024.
- Annual Change in Intangibles has increased for three consecutive years.
- In prior years, Flutter Entertainment's Change in Intangibles was $381 million in FY2024 (+42.2%), $268 million in FY2023 (+29.5%), $207 million in FY2022 and -$85 million in FY2021.
- Quarterly Change in Intangibles has run from a low of $48 million in Q1 2025 to a high of $197 million in Q4 2025 over five years.
- On a year-over-year basis, Change in Intangibles increased in six of the last eight quarters, with growth averaging 48.2%.
- The strongest year-over-year quarter for Change in Intangibles in the past five years was Q1 2026, with growth of 150.0%; the weakest was Q1 2025, with a decline of 34.2%.
- According to Business Quant data, Change in Intangibles for the three prior quarters was $135 million (Q2 2026), $120 million (Q1 2026) and $197 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 43.71 Bn | 37.08 Bn | 655.12 Mn | - |
| 2 | Vail Resorts | 27.65 Bn | 26.37 Bn | - | - |
| 3 | Las Vegas Sands | 25.32 Bn | 12.14 Bn | 1.47 Bn | 2.00 Mn |
| 4 | DraftKings | 16.83 Bn | 12.62 Bn | 429.05 Mn | 38.40 Mn |
| 5 | Flutter Entertainment | 14.10 Bn | 7.73 Bn | 1.52 Bn | 142.00 Mn |
| 6 | Life Time Group Holdings | 10.44 Bn | 9.61 Bn | 419.01 Mn | - |
| 7 | MGM Resorts International | 8.43 Bn | -8.70 Mn | 1.73 Bn | - |
| 8 | MSG Knickerbockers | 7.58 Bn | 7.19 Bn | 36.67 Mn | - |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | - |
| 10 | Churchill Downs | 6.84 Bn | 6.10 Bn | 207.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 142.00 Mn |
| Jun 30, 2026 | 135.00 Mn |
| Mar 31, 2026 | 120.00 Mn |
| Dec 31, 2025 | 197.00 Mn |
| Sep 30, 2025 | 108.00 Mn |
| Jun 30, 2025 | 157.00 Mn |
| Mar 31, 2025 | 48.00 Mn |
| Dec 31, 2024 | 135.00 Mn |
| Sep 30, 2024 | 89.00 Mn |
| Jun 30, 2024 | 84.00 Mn |
| Mar 31, 2024 | 73.00 Mn |
| Dec 31, 2023 | 68.00 Mn |
| Sep 30, 2023 | 65.00 Mn |
| Jun 30, 2023 | 69.00 Mn |
| Mar 31, 2023 | 66.00 Mn |
| Dec 31, 2019 | -3.97 Mn |
| Sep 30, 2019 | -2.82 Mn |
| Jun 30, 2019 | -13.97 Mn |
| Mar 31, 2019 | -4.53 Mn |
| Dec 31, 2018 | -11.93 Mn |
API Access
Flutter Entertainment Change in Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=FLUT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "FLUT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=FLUT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();