Flutter Entertainment (FLUT) Cost of Revenue (2023 - 2026)
Flutter Entertainment (FLUT) posted Cost of Revenue of $2.5 billion for Q1 2026, down 6.09% on a QoQ basis from $2.6 billion in Q4 2025, and up 26.12% year-over-year from $2.0 billion in Q1 2025.
Flutter Entertainment (FLUT) Cost of Revenue (2023 - 2026) Analysis & Trends
Flutter Entertainment's Cost of Revenue history runs 4 years deep, the most recent figure standing at $2.5 billion for Q1 2026.
- Quarterly Cost of Revenue rose 26.12% year-over-year to $2.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $9.5 billion (up 26.38% YoY) and the FY2025 annual result came in at $9.0 billion, up 22.23% from the prior year.
- Cost of Revenue was $2.5 billion for Q1 2026 at Flutter Entertainment, down from $2.6 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $2.6 billion in Q4 2025 and bottomed at $1.4 billion in Q3 2023.
- A 4-year average of $1.9 billion and a median of $1.8 billion in 2024 frame the typical range for Cost of Revenue.
- Peak annual rise in Cost of Revenue reached 33.62% in 2025, while the deepest fall reached 9.09% in 2025.
- Flutter Entertainment's Cost of Revenue stood at $1.8 billion in 2023, then grew by 10.2% to $2.0 billion in 2024, then jumped by 33.62% to $2.6 billion in 2025, then declined by 6.09% to $2.5 billion in 2026.
- Business Quant data shows FLUT's Cost of Revenue at $2.5 billion in Q1 2026, $2.6 billion in Q4 2025, and $2.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 2.47 Bn |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 949.39 Mn |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | - |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | 199.00 Mn |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | 238.20 Mn |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 290.00 Mn |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | 636,000.00 |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | 2.60 Mn |
| 10 | Gambling.com | 58.26 Mn | 42.45 Mn | 39.34 Mn | 6.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.47 Bn |
| Mar 31, 2026 | 2.47 Bn |
| Dec 31, 2025 | 2.63 Bn |
| Dec 31, 2025 | 2.63 Bn |
| Sep 30, 2025 | 2.17 Bn |
| Sep 30, 2025 | 2.17 Bn |
| Jun 30, 2025 | 2.23 Bn |
| Jun 30, 2025 | 2.23 Bn |
| Mar 31, 2025 | 1.96 Bn |
| Mar 31, 2025 | 1.96 Bn |
| Dec 31, 2024 | 1.97 Bn |
| Dec 31, 2024 | 1.97 Bn |
| Sep 30, 2024 | 1.75 Bn |
| Sep 30, 2024 | 1.75 Bn |
| Jun 30, 2024 | 1.84 Bn |
| Jun 30, 2024 | 1.84 Bn |
| Mar 31, 2024 | 1.79 Bn |
| Mar 31, 2024 | 1.79 Bn |
| Dec 31, 2023 | 1.78 Bn |
| Dec 31, 2023 | 1.78 Bn |