Flutter Entertainment (FLUT) Cost of Revenue (2014 - 2026)
Flutter Entertainment posted quarterly Cost of Revenue of $2.5 billion for Q1 2026, up 26.12% year-on-year from $2.0 billion in Q1 2025, and down 61.36% on a QoQ basis from $6.4 billion in Q4 2025.
Flutter Entertainment (FLUT) has 10 years of Cost of Revenue data on file, last reported at $2.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 26.12% year-over-year to $2.5 billion; the trailing twelve-month figure through Mar 2026 stood at $12.0 billion (up 127.95% YoY), and the FY2025 full-year result was $9.0 billion, up 180.16% from the prior year.
- Cost of Revenue for Q1 2026 stood at $2.5 billion, down from $6.4 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $6.4 billion in Q4 2025 and bottomed at $667.0 million in Q2 2023.
- The 4-year median for Cost of Revenue is $1.8 billion (2024), against an average of $1.9 billion.
- The widest annual swing landed in 2024, when Cost of Revenue slumped 79.0%; it then soared 669.16% in 2025.
- A 4-year view of Cost of Revenue shows it stood at $4.0 billion in 2023, then plunged by 79.0% to $830.0 million in 2024, then jumped by 669.16% to $6.4 billion in 2025, then sank by 61.36% to $2.5 billion in 2026.
- The last three Cost of Revenue figures came in at $2.5 billion (Q1 2026), $6.4 billion (Q4 2025), and $966.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 2.47 Bn |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 949.39 Mn |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 188.00 Mn |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 238.20 Mn |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 241.62 Mn |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | 14.01 Mn |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 2.60 Mn |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.47 Bn |
| Mar 31, 2026 | 2.47 Bn |
| Dec 31, 2025 | 6.38 Bn |
| Dec 31, 2025 | 6.38 Bn |
| Sep 30, 2025 | 966.00 Mn |
| Sep 30, 2025 | 966.00 Mn |
| 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 | 830.00 Mn |
| Dec 31, 2024 | 830.00 Mn |
| Sep 30, 2024 | 1.75 Bn |
| Sep 30, 2024 | 1.75 Bn |
| Jun 30, 2024 | 746.00 Mn |
| Jun 30, 2024 | 746.00 Mn |
| Mar 31, 2024 | 1.79 Bn |
| Mar 31, 2024 | 1.79 Bn |
| Dec 31, 2023 | 3.95 Bn |
| Dec 31, 2023 | 3.95 Bn |
| Sep 30, 2023 | 701.00 Mn |
| Sep 30, 2023 | 701.00 Mn |
| Jun 30, 2023 | 667.00 Mn |
| Jun 30, 2023 | 667.00 Mn |
| Mar 31, 2023 | 882.00 Mn |
| Mar 31, 2023 | 882.00 Mn |
| Dec 31, 2019 | 105.01 Mn |
| Dec 31, 2019 | 105.01 Mn |
| Sep 30, 2019 | 91.39 Mn |
| Sep 30, 2019 | 91.39 Mn |
| Jun 30, 2019 | 79.92 Mn |
| Jun 30, 2019 | 79.92 Mn |
| Mar 31, 2019 | 84.34 Mn |
| Mar 31, 2019 | 84.34 Mn |
| Dec 31, 2018 | 15.86 Mn |
| Dec 31, 2018 | 15.86 Mn |
| Sep 30, 2018 | 92.53 Mn |
| Sep 30, 2018 | 92.53 Mn |
| Jun 30, 2018 | 54.90 Mn |
| Jun 30, 2018 | 54.90 Mn |
| Mar 31, 2018 | 49.42 Mn |
| Mar 31, 2018 | 49.42 Mn |
| Dec 31, 2017 | 67.25 Mn |
| Dec 31, 2017 | 67.25 Mn |
| Sep 30, 2017 | 62.48 Mn |
| Sep 30, 2017 | 62.48 Mn |
| Jun 30, 2017 | 52.67 Mn |
| Jun 30, 2017 | 52.67 Mn |
| Mar 31, 2017 | 43.05 Mn |
| Mar 31, 2017 | 43.05 Mn |
| Dec 31, 2016 | 45.51 Mn |
| Dec 31, 2016 | 45.51 Mn |
| Sep 30, 2016 | 35.50 Mn |
| Sep 30, 2016 | 35.50 Mn |
| Jun 30, 2016 | 38.33 Mn |
| Jun 30, 2016 | 38.33 Mn |
| Mar 31, 2016 | 45.51 Mn |
| Mar 31, 2016 | 45.51 Mn |
| Sep 30, 2015 | 35.14 Mn |
| Sep 30, 2015 | 35.14 Mn |
| Jun 30, 2015 | 43.37 Mn |
| Jun 30, 2015 | 43.37 Mn |
| Mar 31, 2015 | 46.85 Mn |
| Mar 31, 2015 | 46.85 Mn |
| Sep 30, 2014 | 28.89 Mn |
| Sep 30, 2014 | 28.89 Mn |
| Jun 30, 2014 | 257,549.55 |
| Jun 30, 2014 | 257,549.55 |