What is Flutter Entertainment's international — impairment?

Flutter Entertainment (FLUT) reported international — impairment of $129.25M in Q4 2025.

What does international — impairment mean?

Reflects the non-cash charge recognized when the carrying value of assets within the International segment exceeds their recoverable amount. This often occurs due to changes in market conditions, regulatory environments, or underperformance of acquired businesses. It serves as a critical indicator of asset quality and long-term strategic viability.

Flutter Entertainment FLUT International — Impairment

Other segment segments

U.S.

$0—

Similar metrics at other companies

TITNInternational — Impairment of goodwill, intangible assets and long lived assets

$0—

TITNInternational — Other Asset Impairment Charges

$502K—

MHInternational — Impairment of indefinite-lived intangible assets

$1M—

HAINInternational — Goodwill Impairment

$193.84M+989%

CAGInternational — Gain Loss On Sales Of Assets And Asset Impairment Charges

$0—

AMCXInternational — Accumulated impairment charges

$380.9M-31.5%

Other financials

Income statement

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Revenue$4.3B+17.4%

Gross profit$1.8B+7.5%

Operating income$79.0M-64.6%

Net income$209.0M-37.6%

EPS (diluted)$1.23-21.7%

Balance sheet

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Cash & equivalents$1.5B-1.6%

Total debt$12.7B+69.8%

Total equity$9.1B-8.1%

Total assets$28.5B+14.7%

Cash flow

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Operating cash flow$330.0M+75.5%

CapEx$25.0M+31.6%

Free cash flow$305.0M+80.5%

Valuation

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Market cap$17.56B-67.4%

Enterprise value$28.75B-54.3%

P/S1×-2.6×

Profitability

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Gross margin44.2%-3.3pp

Operating margin-0.6%-7.4pp

Net margin-3.2%-7.9pp

FCF margin7.1%-2.0pp

Returns & leverage

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Return on equity-5.7%-12.7pp

Debt / equity1.4×+0.6×

Current ratio0.9×0.0×

Where this comes from

Reported directly by Flutter Entertainment in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Flutter Entertainment’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flutter Entertainment's international — impairment?: Flutter Entertainment (FLUT) reported international — impairment of $129.25M in Q4 2025.
What does international — impairment mean?: Reflects the non-cash charge recognized when the carrying value of assets within the International segment exceeds their recoverable amount. This often occurs due to changes in market conditions, regulatory environments, or underperformance of acquired businesses. It serves as a critical indicator of asset quality and long-term strategic viability.