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Meta Platforms vs Flutter Entertainment: META and FLUT compared
Meta Platforms is the larger company: $64.6B of revenue in its latest quarter (Q3 2026) against $3.9B for Flutter Entertainment (Q3 2026). Meta Platforms is growing faster (+26% against +2% a year earlier). Meta Platforms is more profitable, with an operating margin of 20.1% against -30.7%.
Where the money goes: META and FLUT
Meta Platforms (META) · Q3 2026
Meta Platforms, Q3 2026: revenue $64.6B (+26% year over year), operating margin 20.1%, net earnings $9.9B, operating cash flow $32.8B. The chart follows the revenue to costs, profit and cash.
Flutter Entertainment (FLUT) · Q3 2026
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.
| Meta Platforms (META) | Flutter Entertainment (FLUT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $64.6B | $3.9B |
| Revenue growth, Y/Y | +26% | +2% |
| Operating margin | 20.1% | -30.7% |
| Net earnings | $9.9B | −$1.1B |
| Net margin | 15.3% | -29.6% |
| Operating cash flow | $32.8B | $211M |
| Free cash flow | — | $35.0M |
| Market value | $1.57T | $14.6B |
| P/E | 20.8× | — |
| Analysts’ mean target | $850.10 | $119.99 |
Where the revenue comes from
Meta Platforms
- Family of Apps: $64.2B (99%)
- Reality Labs: $443M (1%)
Flutter Entertainment
- International: $2.4B (62%)
- U.S.: $1.5B (38%)
Questions
Which is bigger, Meta Platforms or Flutter Entertainment?
Meta Platforms is the larger company: $64.6B of revenue in its latest quarter (Q3 2026) against $3.9B for Flutter Entertainment (Q3 2026).
Is Meta Platforms or Flutter Entertainment growing faster?
Meta Platforms is growing faster (+26% against +2% a year earlier).
Which is more profitable, Meta Platforms or Flutter Entertainment?
Meta Platforms is more profitable, with an operating margin of 20.1% against -30.7%.
More: Meta Platforms earnings · how Meta Platforms makes money · Flutter Entertainment earnings · how Flutter Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.