Flutter Entertainment Plc FLUT

Revenue Intelligence Report • 14 quarters of SEC filing data • Updated 2026-10-14 • Data through 2026-06-30

Flutter Entertainment Plc's latest quarterly revenue is $4.3B for the period ending 2026-06-30. The model projects $40.2B across the next four quarters (+134.2% versus the preceding four quarters). The forecast uses SG&A data; model selection and estimation exclude the latest quarter, whose retrospective holdout error is 34.6%. These are statistical associations, not estimates of the causal effect of spending.

Investment Thesis

The ARDL forecast is based on reported revenue and SG&A data through 2026-06-30. Training MAPE measures fit to historical data; the separately reported holdout error measures a withheld quarter. Spending coefficients describe associations and do not establish causation.

Next 4 Quarters
$40.2B
+134.2% YoY
R&D Multiplier
$-100087.49 per $1
SG&A Multiplier
$7174.12 per $1
Training Fit
1.1% MAPE
Retrospective holdout (Q2 FY2026): The model predicted $5.82B vs the actual $4.33B — an error of 34.6%.
Retrospective one-quarter holdout: model fitting and selection exclude this quarter. Historical inputs use the latest available restatements, so this is not a preserved real-time forecast.
⚠ Model limitation: One or more estimated spending associations are negative. These observational coefficients do not establish a causal return on spending.
Investor insight: Actual revenue ($4.3B) came in 35% below the spending-based forecast ($5.8B). This suggests spending is not yet translating to revenue at historical rates.

Revenue Forecast

FLUT Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q2 FY2026
Period end 2026-06-30
$5.82B $4.33B $5.74B–$5.91B +39.1% ✗ Outside range
Q3 FY2026
Period end 2026-09-30
$5.24B $5.12B–$5.36B +38.2%
Q4 FY2026
Period end 2026-12-31
$8.54B $8.38B–$8.69B +80.2%
Q1 FY2027
Period end 2027-03-31
$9.26B $9.09B–$9.44B +115.2%
Q2 FY2027
Period end 2027-06-30
$17.15B $16.95B–$17.34B +296.4%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Flutter Entertainment Plc's systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Jan–Mar) 1.0017 +0.2% In line with trend 3
FQ2 (Apr–Jun) 1.0047 +0.5% In line with trend 2
FQ3 (Jul–Sep) 0.9848 -1.5% In line with trend 3
FQ4 (Oct–Dec) 0.9938 -0.6% In line with trend 3

Spending and Revenue

FLUT Spending Timing
Reading this chart: Each line shows the cumulative revenue association per $1 of spending over subsequent quarters. These estimates describe historical associations and do not establish causation.

Time-Varying Spending Associations

Time-varying analysis: A penalized spline model (GAM) tracks the association between log spending and log revenue over 14 quarters. Its coefficients describe conditional historical associations, not causal returns on spending.
Current SG&A elasticity: -0.1757x • R&D elasticity: -0.1962x
The model-term chart shows relative absolute term magnitudes. Its percentages are not shares of revenue or causal contributions to growth.

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