We recently compiled a list of the 10 Best Entertainment Stocks to Buy According to Billionaires. In this article, we are going to take a look at where Flutter Entertainment plc (NYSE:FLUT) stands against the other entertainment stocks.

The entertainment industry is a global and fast-growing sector that encompasses film, music, social media, games, and live events. According to a report by The Business Research Company, the entertainment and media market was valued at $2.67 trillion in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 7.4% during 2025-2029 to reach a value of more than $3.82 trillion by the end of the forecast period. In 2024, the largest region in the entertainment and media market was North America.

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The industry is rapidly evolving thanks to technological advancements, changing consumer preferences, and global connectivity. The internet and mobile devices continue to make entertainment more accessible around the world. These factors ensure continued growth within the industry.

Entertainment companies are innovating their business models to stay competitive, especially as streaming services become more popular. Advertising is also becoming a key strategy for entertainment and media companies.

New technologies like AI, VR, and AR continue to revolutionize content creation and consumption. Moreover, the gaming sector is expected to grow in the coming years and this should support further growth in the entertainment industry. These trends offer significant growth potential, especially for entertainment companies involved in gaming and streaming.

Methodology

To compile our list of the 10 best entertainment stocks to buy according to billionaires, we looked for the biggest entertainment companies. We also reviewed our own rankings, financial media reports, ETFs, and stock screeners to compile a list of the best entertainment stocks. Next, we focused on the top 10 entertainment stocks most favored by billionaires. Data for the number of billionaire investors for each stock was taken from Insider Monkey’s Q4 2024 database. Finally, the 10 best entertainment stocks to buy were ranked in ascending order based on the number of billionaires holding stakes in them as of Q4 2024.

Additionally, we mentioned the hedge fund sentiment surrounding each stock, which was taken from Insider Monkey’s Q4 2024 database of more than 1,000 elite hedge funds.

Story Continues

Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Is Flutter Entertainment plc (FLUT) The Best Entertainment Stock to Buy According to Billionaires?

A close-up of a customer playing a gambling game on a computer tablet.

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.

Overall, FLUT ranks 3rd on our list of the best entertainment stocks to buy according to billionaires. While we acknowledge the potential of FLUT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLUT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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