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It outlines the strategy to win across the US and Rest of World, supported by operating leverage, organic investment, and M&A, while advancing the Positive Impact Plan toward net zero by 2035. The report includes geographic revenue mix and segment summaries for US and International operations, along with required disclosures tied to its LSE secondary listing and related governance items.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/flutter-entertainment-plc-annual-report-and-accounts-2025-annual-report-highlights-disclosures-and-strategy/571893/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/flutter-entertainment-plc-annual-report-and-accounts-2025-annual-report-highlights-disclosures-and-strategy/571893.png","ImageObject",442,249,{"name":88,"@type":89},"Putri","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-25","2026-10-13",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is Flutter’s overall business focus described in the report?","Question",{"text":109,"@type":110},"The report positions Flutter as the global leader in online sports betting and iGaming, emphasizing a portfolio of world-class brands and a challenger mindset to empower local hero brands.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How is Flutter’s strategy structured across regions?",{"text":114,"@type":110},"The strategy is designed to win in the US through solidifying FanDuel’s #1 position and improving earnings via operating leverage, and to win in the Rest of World through consolidating positions, growing brands through organic investment and M&A, and enhancing earnings via diversification and efficiencies.",{"name":116,"@type":107,"acceptedAnswer":117},"What disclosures are required due to Flutter’s LSE secondary listing?",{"text":118,"@type":110},"As an issuer with an LSE secondary listing, Flutter is required to make certain disclosures under the UK Listing Rules and the Disclosure, Guidance and Transparency Rules, with details provided for items such as the Corporate Governance Statement and board diversity-related information.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},571893,1792092546,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":142},962085571259,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","Our unparalleled portfolio of leading brands connect with millions of players worldwide  \n\n| At a Glance | 1 |\n| --- | --- |\n| Disclosuresin Connection with our LSE Listing | 4 |\n| Shareholder Information | 7 |\n\n\n| Contactsand Other Information | 11 |\n| --- | --- |\n| Annual Report on Form 10-K | 13 |\n\nAt a Glance  \nChanging the Game  \nFlutter Entertainment plc (“Flutter”) is the parent company of some of the world’s biggest and most popular online sports betting and iGaming brands, including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Snai, tombola, Betfair, MaxBet, Junglee Games, Adjarabetand Betnacional.  \nWe are the global leader in online sports betting and iGaming, with an unparalleled portfolio of world-class brands, unmatched scale and challenger mindset. Harnessing the product, technology, expertise and scale benefits of the Flutter Edge, we are empowering local hero brands with the benefits of a global leader. Together, we are changing the game.  \nOur strategy is designed to:  \nWin in the US by solidifying FanDuel’s \\#1 market position and transforming our earnings profile through operating leverage  \nWin in the Rest of World by consolidating our gold medal positions in international markets, growing local hero brands through organic investment and M&A, and enhancing earnings through diversification and efficiencies  \nDevelop a Sustainable business through our Positive Impact Plan, ensuring our customers Play Well, our colleagues Work Better, that we Do More for our communities and Go Zero, our plan to reach net zero on greenhouse gas emissions by 2035  \nGlobal footprint*  \n\u003C US: 42%  \n\u003C UK & Ireland: 22%  \n\u003C Southern Europe & Africa: 17%  \n\u003C Asia Pacific: 9%  \n\u003C Central & Eastern Europe: 4%  \n\u003C Brazil: 1%  \n\u003C Other regions: 5%  \n* Based on our revenue for the year ended December 31, 2025.  \nFlutter Entertainment plc Annual Report and Accounts 2025 1  \nOur divisions  \nUS  \nOur US division consists of our FanDuel and TVG brands. We offer a diverse set of sports betting, iGaming, daily fantasy sports and racing wagering products to customers in the US and Canada. FanDuel, which is Flutter’s largest brand, is the US market’s leading online sportsbook and iGaming operator, with gross gaming revenue and market share of 41% and 27%1 respectively as at December 31, 2025. It is well positioned to continue to take advantage of the rapidly expanding opportunity in the US as more US states regulate for our products. We also launched FanDuel Predicts in December 2025 as part of a partnership with CME Group, giving customers access to select financial markets, and sports event contracts where online sports betting has not yet been regulated at a state level.  \n$7.0BN  \nREVENUE  \n4.0M  \nAVERAGE MONTHLY PLAYERS  \n1. Online sportsbook and iGaming market share is the gross gaming revenue (“GGR”) and net gaming revenue (“NGR”) market share of our FanDuel brand for the twelve months to December 31, 2025 in the states in which FanDuel was live (excluding Tennessee as they no longer report this data), based on published gaming regulator reports in those states. iGaming market share is the GGR, market share of FanDuel for the twelve months to December 31, 2025 in the states in which FanDuel was live, based on published gaming regulator reports in those states. US iGaming GGR market share including PokerStars US (which is reported in the International segment) for the twelve months to December 31, 2025 was 28%.  \n2 Flutter Entertainment plc Annual Report and Accounts 2025  \nINTERNATIONAL  \nThrough our International division, we operate in approximately 100 countries around the world, offering sports betting, exchange, casino, lottery, poker, bingo, and daily fantasy sports, mainly online. We hold leading market positions in some of the largest and most attractive markets in the world, including the UK, Italy and Australia, through a portfolio of best-in-class brands. Our operations are organized by geography to","cbCaimDcxy7Fk0mD","https://ap.wps.com/l/cbCaimDcxy7Fk0mD","pdf",2439245,170,"English","# At a Glance\n## Disclosures in Connection with our LSE Listing\n## Shareholder Information\n## Contacts and Other Information\n## Annual Report on Form 10-K\n# Strategy and Footprint\n## Global footprint by region\n# US Division\n## FanDuel and TVG offerings\n## Key performance indicators\n# International Division\n## Market presence and product portfolio\n## Operational organization\n# UK Listing Rules and DTR disclosures\n## Corporate Governance Statement\n## Board and Executive Management Diversity","[{\"question\":\"What is Flutter’s overall business focus described in the report?\",\"answer\":\"The report positions Flutter as the global leader in online sports betting and iGaming, emphasizing a portfolio of world-class brands and a challenger mindset to empower local hero brands.\"},{\"question\":\"How is Flutter’s strategy structured across regions?\",\"answer\":\"The strategy is designed to win in the US through solidifying FanDuel’s #1 position and improving earnings via operating leverage, and to win in the Rest of World through consolidating positions, growing brands through organic investment and M\\u0026A, and enhancing earnings via diversification and efficiencies.\"},{\"question\":\"What disclosures are required due to Flutter’s LSE secondary listing?\",\"answer\":\"As an issuer with an LSE secondary listing, Flutter is required to make certain disclosures under the UK Listing Rules and the Disclosure, Guidance and Transparency Rules, with details provided for items such as the Corporate Governance Statement and board diversity-related information.\"}]","Flutter Entertainment plc Annual Report and Accounts 2025 - Annual report highlights - disclosures and strategy | PDF",1791924269,59]