Is Flutter Entertainment the Next Big Bet for Investors?

Flutter Entertainment boasts a diverse portfolio that includes flagship brands such as FanDuel and PokerStars.

Whether or not you pay attention to online gaming sector stocks, Flutter Entertainment’s (NYSE: FLUT) emergence as one of the most dominant players in the global online betting and iGaming space has been almost impossible to miss.

In fact, Flutter’s ascendancy has seen its stock surge close to 160% over the past three years, with a recent pullback leading to an influx of analysts suggesting now is the right time to buy again.

Not surprising given Flutter shares have climbed a further 18% in the past year alone, with its continued upward momentum credited to the firm’s strong growth profile, as well as its aggressive expansion into several lucrative international markets.

Strategic acquisitions and FanDuel buyout fueling expansion

One such measure to positively influence Flutter’s stock has been the completion of the long-anticipated buyout of FanDuel in July, which saw it take 100% complete ownership of its U.S. flagship asset.

Notably, the $1.76 billion deal not only allowed it to assume full control of the country’s largest online sportsbook but it also extended its lucrative partnership with Boyd Gaming through to 2038.

In addition to this, the U.S. is proving to be just one growth lever for the firm, with Flutter also acquiring Brazil’s NSX Group in May for $350 million. 

In doing so, Flutter further fortified its position in Brazil’s burgeoning regulated sports betting market, home to a population of 200+ million, many of whom are renowned for a love of wagering on soccer.

Flutter takes regulatory setbacks in its stride

Financially speaking, Flutter has undoubtedly developed a reputation for outperforming expectations. 

It’s hard to argue, having seen the firm repeat double-digit revenue growth again in Q2 2025. Here, Flutter revealed Q2 earnings in excess of $4.19 billion, up 16% year-on-year, while its EBITDA rocketed to $919 million, marking a 25% uptick.

For investors, Flutter also raised its full-year guidance to over $17.26 billion, ultimately signaling a conviction in its ability to sustain this growth momentum. Furthermore, the online gaming giant is eyeing $23.5 billion in revenue and $2.5 billion in earnings by 2028, driven by bold growth predictions in the mid-teens.

Moreover, Flutter’s resilience has also been brought into the spotlight, having successfully demonstrated an ability to absorb regional regulatory volatility, following unfortunate legislative setbacks in both its Indian and U.S. operations. 

When you factor in Flutter’s recent expansion across the U.S. and into Brazil, coupled with the rising fortunes of the global iGaming sector, the company’s international presence is inevitably going to reap dividends.

While Flutter may have to swallow its acquisition-driven debt and swerve any additional regulatory adjustments in the future, the firm certainly seems poised to continue its extraordinary growth trajectory.