Filing Flows › Flutter Entertainment (FLUT) › How it makes money
How Flutter Entertainment (FLUT) makes money
Flutter Entertainment (FLUT) made $3.9B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. International brought in $2.4B (62%); U.S. brought in $1.5B (38%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| International | $2.4B | 62.4% | -8% | -0.3% |
| U.S. | $1.5B | 37.6% | -14% | +6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $3.9B | 100.0% |
| Operating cash flow | $211M | 5.4% |
| Free cash flow | $35.0M | 0.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $3.9B | +2% |
| Q2 2026 | $4.3B | +3% |
| Q1 2026 | $4.3B | +17% |
| Q4 2025 | $4.7B | +25% |
| Q3 2025 | $3.8B | +17% |
| Q2 2025 | $4.2B | +16% |
| Q1 2025 | $3.7B | +8% |
From Flutter Entertainment's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Flutter Entertainment make money?
Flutter Entertainment (FLUT) made $3.9B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. International brought in $2.4B (62%); U.S. brought in $1.5B (38%).
What is Flutter Entertainment's biggest business?
International: $2.4B in the third quarter 2026, 62% of revenue, -0.3% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.