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Flutter Entertainment FLUT Noncontrolling interests in subsidiaries

Noncontrolling interests in subsidiaries at other companies

MGM Resorts International logo
MGM Resorts InternationalMGM
$853.88M+15.8%
PENN Entertainment, Inc. logo
PENN Entertainment, Inc.PENN
-$7.5M-36.4%
Caesars Entertainment, Inc. logo
Caesars Entertainment, Inc.CZR
$177M-20.6%
Rush Street Interactive logo
Rush Street InteractiveRSI
$159.43M+39.8%
Boyd Gaming logo
Boyd GamingBYD
-$1.87M-158%
Las Vegas Sands logo
Las Vegas SandsLVS
$316M+8.6%

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$16.44B-67.3%
Enterprise value$27.58B-53.5%
P/S-2.4×

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:MinorityInterest.

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
Line itemAs of June 30, 2026As of December 31, 2025
Ordinary shares (Authorized 300,000,000 shares of €0.09 (June 30, 2026: $0.10; December 31, 2025: $0.11) par value each; issued June 30, 2026: 173,481,132 shares; December 31, 2025: 175,224,066 shares)$36$36
Additional paid-in capital2,1271,989
Accumulated other comprehensive loss(1,248)(1,111)
Retained earnings7,8358,124
Total Flutter Shareholders’ Equity8,7509,038
Non-controlling interests228236
TOTAL SHAREHOLDERS’ EQUITY8,9789,274
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND SHAREHOLDERS’ EQUITY$28,210$29,280

Item 1. Financial Statements (unaudited)

FAQ

What is Flutter Entertainment's noncontrolling interests in subsidiaries?
Flutter Entertainment (FLUT) reported noncontrolling interests in subsidiaries of $228M in Q2 2026.
How has Flutter Entertainment's noncontrolling interests in subsidiaries changed year-over-year?
Flutter Entertainment's noncontrolling interests in subsidiaries increased by 19.4% year-over-year, from $191M to $228M.
What is the long-term trend for Flutter Entertainment's noncontrolling interests in subsidiaries?
Over 2 years (2023 to 2025), Flutter Entertainment's noncontrolling interests in subsidiaries has grown at a 17.1% compound annual growth rate (CAGR), from $172M to $236M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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