10 Best Entertainment Stocks to Buy According to Billionaires

3. Flutter Entertainment plc (NYSE:FLUT)

Number of Billionaire Investors: 19

Number of Hedge Fund Holders: 98

Flutter Entertainment plc (NYSE:FLUT) is one of the world’s largest sports entertainment and gambling companies. It owns and operates a diverse portfolio of online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games, and Adjarabet. Flutter Entertainment plc (NYSE:FLUT) ranks among the best entertainment stocks to invest in according to billionaires.

On March 5, BTIG analysts reiterated a ‘Buy’ rating for Flutter Entertainment plc (NYSE:FLUT) with a price target of $323 after the company’s Q4 2024 results came in line with expectations. The guidance for revenue and EBITDA outside the US aligned with prior estimates, considering new US state launches and acquisitions of NSX and Snai for the company’s international operations. Analysts estimate that 2025 EBITDA for non-US operations could potentially exceed current guidance of $1.75 to $1.95 billion by $50 million after considering the impact of acquisitions in Q2 2025. Despite a conservative outlook for US sportsbook handle growth, BTIG expects over 30% year-over-year growth in FanDuel sportsbook Net Gaming Revenue and strong iGaming trends.