Business Segments · Cost of Revenue
U.S. — Cost of Revenue
Flutter Entertainment U.S. — Cost of Revenue decreased by 13.6% to $1.04B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.1%, from $956.00M to $1.04B. Over 3 years (FY 2022 to FY 2025), U.S. — Cost of Revenue shows an upward trend with a 30.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026May 6, 2026
Rolls up toTotal Cost of Revenue
How to read this metric
A decrease relative to revenue suggests improved operational efficiency or favorable changes in tax and regulatory environments.
Detailed definition
Includes direct costs associated with generating gaming revenue, such as betting duties, platform fees, payment processi...
Peer comparison
Similar to cost of goods sold (COGS) for service-based digital platforms.
Metric ID:
flut_segment_u_s_cost_of_revenueHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $446.75M | $446.75M | $446.75M | $446.75M | $633.50M | $633.50M | $633.50M | $633.50M | $833.00M | $839.00M | $737.00M | $944.00M | $956.00M | $968.00M | $824.00M | $1.21B | $1.04B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +41.8% | +0.0% | +0.0% | +0.0% | +31.5% | +0.7% | -12.2% | +28.1% | +1.3% | +1.3% | -14.9% | +46.5% | -13.6% |
| YoY Change | — | — | — | — | +41.8% | +41.8% | +41.8% | +41.8% | +31.5% | +32.4% | +16.3% | +49.0% | +14.8% | +15.4% | +11.8% | +27.9% | +9.1% |
Range$446.75M – $1.21B
CAGR+23.6%
Avg YoY Growth+28.9%
Median YoY Growth+31.5%
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Frequently Asked Questions
- What is Flutter Entertainment's u.s. — cost of revenue?
- Flutter Entertainment (FLUT) reported u.s. — cost of revenue of $1.04B in Q1 2026.
- How has Flutter Entertainment's u.s. — cost of revenue changed year-over-year?
- Flutter Entertainment's u.s. — cost of revenue increased by 9.1% year-over-year, from $956.00M to $1.04B.
- What is the long-term trend for Flutter Entertainment's u.s. — cost of revenue?
- Over 3 years (2022 to 2025), Flutter Entertainment's u.s. — cost of revenue has grown at a 30.3% compound annual growth rate (CAGR), from $1.79B to $3.96B.
- What does u.s. — cost of revenue mean?
- Direct costs incurred to facilitate sports betting and gaming transactions.