secwatch.observer — SEC 8-K summary
======================================

Issuer:     Flutter Entertainment plc (FLUT)
CIK:        0001635327
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-076569
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Flutter Entertainment Reports Q4 2025 Revenue of $4.7B, Net Income Drops 94% to $10M
--------------------------------------------------------------------------------

- Q4 revenue $4.7B (+25% YoY), net income $10M (-94% YoY) due to higher taxes, interest, and amortization.
- Full year 2025 revenue $16.4B (+17%), net loss $407M from $556M impairment charge on India regulatory changes.
- US sportsbook maintains 41% GGR share in Q4; FanDuel Predicts launched in late Q4 across 18 states.
- International revenue +19% in Q4; Snai and BetNacional acquisitions contribute; India market exit impacts.
- 2026 guidance: Group revenue $18.4B, adjusted EBITDA $2.97B; US revenue $7.8B, adjusted EBITDA $1.05B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635327/000119312526076569/0001193125-26-076569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635327/000119312526076569/d763070d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-076569

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer