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Acquisitions at other companies

Boyd Gaming logo
Boyd GamingBYD
$0-100%
Accel Entertainment logo
Accel EntertainmentACEL
$557K+346%
BAL
Bally'sBALY
$16.21M
Ziff Davis logo
Ziff DavisZD
$0-100%

Other financials

Income statement

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Revenue$4.3B+3.3%
Gross profit$1.7B-12.6%
Operating income-$144.0M-137%
Net income-$296.0M-900%
EPS (diluted)-$1.57-366%

Balance sheet

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Cash & equivalents$1.6B-7.6%
Total debt$12.7B+18.8%
Total equity$8.8B-14.3%
Total assets$28.2B-5.6%

Cash flow

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Operating cash flow$363.0M+1.1%
CapEx$14.0M-62.2%
Free cash flow$349.0M+8.4%

Valuation

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Market cap$16.12B-70.2%
Enterprise value$27.25B-56.8%
P/S0.9×-2.7×

Profitability

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Gross margin42.5%-4.5pp
Operating margin-3.7%-10.4pp
Net margin-5.1%-7.9pp
FCF margin7.2%-1.8pp

Returns & leverage

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Return on equity-9.2%-13.4pp
Debt / equity1.5×+0.4×
Current ratio0.9×-0.1×

Where this comes from

Reported directly by Flutter Entertainment in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Flutter Entertainment’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 7:05 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001635327-26-000056
($ in millions)Six months ended June 30, 2026Six months ended June 30, 2025
Purchases of property and equipment(39)(56)
Purchases of intangible assets(57)(42)
Capitalized software(255)(205)
Acquisitions, net of cash acquired(2,688)
Proceeds from disposal of intangible assets5
Cash settlement of derivatives designated in net investment hedge921
Net cash used in investing activities(342)(2,965)
CASH FLOWS FROM FINANCING ACTIVITIES

Item 1. Financial Statements (unaudited)

FAQ

What is Flutter Entertainment's acquisitions?
Flutter Entertainment (FLUT) reported acquisitions of $2.69B in Q2 2025.
How has Flutter Entertainment's acquisitions changed year-over-year?
Flutter Entertainment's acquisitions increased by 10652.0% year-over-year, from $25M to $2.69B.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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