Flutter eyes full FanDuel stake as analysts project 21% revenue rise

Flutter Entertainment (NYSE: FLUT) is poised for a +21% rise in revenue to $17 billion in 2025, alongside a sharp increase in net income to $844 million—up from just $43 million last year—as it doubles down on its US expansion strategy.

The company plans to acquire the remaining 5% stake in FanDuel from Boyd Gaming (NYSE: BYD) for $1.76 billion, securing full ownership of its top-earning US sportsbook. The deal, pending regulatory approval, is expected to close in the third quarter of 2025.

FanDuel is Flutter’s largest growth engine in the US at an estimated $5.2 million in revenue in 2025. Overall, analysts forecast US revenue to climb +28% in 2025 to $7.4 billion, supported by a rise in average monthly active users to 4.4 million. International markets are also gaining traction, with revenue expected to grow +17% to $9.7 billion. Flutter recently completed acquisitions of Italy’s Snaitech and Brazil’s NSX Group to strengthen its global footprint, with international monthly users projected to hit 11 million.