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Flutter Entertainment (FLUT) R&D spending by quarter

Flutter Entertainment's R&D spending was $350M in Q3 2026 (third quarter 2026), +17% from Q2 2026. Over the last 7 quarters it ranged from $215M (Q1 2025) to $350M (Q3 2026).

Flutter Entertainment R&D spending by quarterFlutter Entertainment R&D spending by quarter$215MQ1 2025$256MQ2 2025$275MQ3 2025$245MQ4 2025$259MQ1 2026$300MQ2 2026$350MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$350M+17%+27%
Q2 2026$300M+16%+17%
Q1 2026$259M+6%+20%
Q4 2025$245M-11%—
Q3 2025$275M+7%—
Q2 2025$256M+19%—
Q1 2025$215M——

Q3 2026 at a glance

Flutter Entertainment, Q3 2026: revenue $3.9B (+2% year over year), operating margin -30.7%, net loss $1.1B, operating cash flow $211M. The chart follows the revenue to costs, profit and cash.

Questions

What is Flutter Entertainment's R&D spending?

Flutter Entertainment's R&D spending was $350M in Q3 2026 (third quarter 2026), +17% from Q2 2026.

How has Flutter Entertainment's R&D spending changed?

Over the last 7 quarters it ranged from $215M (Q1 2025) to $350M (Q3 2026).

Q3 2026 results → · How Flutter Entertainment makes money →