{
  "url": "https://struct.news/briefs/flutter-grew-sales-but-kept-far-less-of-each-dollar",
  "title": "Flutter grew sales, but kept far less of each dollar",
  "summary": "Gross margin fell 7.2 percentage points in the three months ended June 30, even as revenue rose 3.3%.",
  "published_at": "2026-08-05T11:13:32.393226+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Flutter Entertainment plc",
    "ticker": "FLUT",
    "cik": "1635327",
    "sector": "Consumer Cyclical",
    "industry": "Gambling"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-05",
    "accession": "0001635327-26-000056",
    "url": "https://www.sec.gov/Archives/edgar/data/1635327/000163532726000056/flut-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1635327/000162828025038893/flut-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 16383000000,
      "display": "$16.4B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001635327-26-000056",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 16.62158314350797,
      "display": "+16.6%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001635327-26-000056",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 0.21973997436366965,
      "display": "+0.2%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001635327-26-000056",
        "filing_date": "2026-08-05"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Net interest expense increased $52 million to $162 million, reflecting 2025 debt issuance and lower interest income on cash.",
      "importance": "medium",
      "evidence": "Interest expense, net increased by $52 million, to $162 million for the three months ended June 30, 2026, from $110 million for the three months ended June 30, 2025, primarily due to (a) a $47 million increase in interest expense resulting from the June 2025 issuance",
      "source_date": "2026-08-05"
    },
    {
      "type": "product_pipeline",
      "statement": "Research and development expense rose 17%, with FanDuel Predicts, server costs, and cloud services among the disclosed drivers.",
      "importance": "medium",
      "evidence": "Technology, research and development expenses increased by 17%, to $300 million for the three months ended June 30, 2026 from $256 million for the three months ended June 30, 2025 primarily driven by (i) a $23 million increase in our US segment",
      "source_date": "2026-08-05"
    }
  ],
  "related_tickers": [
    "FLUT"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}