Filing Flows › Flutter Entertainment (FLUT) › Q2 2026 › vs Q2 2025
Flutter Entertainment (FLUT) Q2 2026 vs Q2 2025 (year over year)
Flutter Entertainment's revenue rose $139M (+3%) from $4.2B in Q2 2025 to $4.3B in Q2 2026. The biggest changes: International +$247M (+10%); U.S. −$108M (-6%).
Flutter Entertainment, Q2 2026: revenue $4.3B (+3% year over year), operating margin -3.3%, net loss $296M, operating cash flow $363M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| International | $2.6B | $2.4B | $247M | +10% |
| U.S. | $1.7B | $1.8B | −$108M | -6% |
| Revenue | $4.3B | $4.2B | $139M | +3% |
| Income tax benefit | $3.0M | −$168M | $171M | — |
| Net loss | $296M | −$37.0M | $333M | — |
| Costs & expenses | $4.6B | $4.2B | $438M | +10% |
| Operating costs | $4.5B | $3.8B | $672M | +18% |
| Interest & other, net | $155M | $184M | −$29.0M | -16% |
| Cost of revenue | $2.6B | $2.2B | $385M | +17% |
| Research & development | $300M | $256M | $44.0M | +17% |
| Sales & marketing | $1.0B | $789M | $223M | +28% |
| General & admin | $545M | $525M | $20.0M | +4% |
| Operating cash sources | $659M | $322M | $337M | +105% |
| Depreciation & amortization | $399M | $369M | $30.0M | +8% |
| Share-based compensation | $67.0M | $70.0M | −$3.0M | -4% |
| Working capital & other | $193M | −$117M | $310M | — |
| Net loss absorbed | $296M | −$37.0M | $333M | — |
| Operating cash flow | $363M | $359M | $4.0M | +1% |
Questions
How much did Flutter Entertainment's revenue grow year over year in Q2 2026?
Flutter Entertainment's revenue rose $139M (+3%) from $4.2B in Q2 2025 to $4.3B in Q2 2026.
What drove Flutter Entertainment's revenue change in Q2 2026?
International +$247M (+10%); U.S.