Flutter downloads exploded 145.2% WoW to an estimated 536.2K in the week of March 9, with March Madness pushing YoY growth to 12.7%, above last year’s tournament window.
DAU followed at 67.0% WoW and 15.3% YoY. But churn at FanDuel climbed 17.9% YoY, raising the question of whether the event-driven surge is converting into retained users. Here’s what Apptopia’s mobile signals are showing for FLUT.
Downloads Surged to 536.2K on 145.2% WoW Growth
For the week of March 9, Flutter Entertainment plc’s downloads reached an estimated 536.2K, rising 145.2% WoW, 22.0% QoQ, and 12.7% YoY. This rise in downloads is promising on its own, but the real test is whether or not those new users are using the app. To that end, so far we are seeing similar strong growth in app sessions.
Coordinated gains in downloads and sessions suggest healthy acquisition momentum and may signal improving revenue potential over the next 1-2 quarters if conversion and retention trends hold.
Engagement Trends
For the week of March 9, Flutter Entertainment’s DAU reached an estimated 877.0K, up 67.0% WoW and 15.3% YoY, while MAU stood at an estimated 12.1M, down 3.2% WoW, suggesting a very recent spike in usage that has not translated to repeat users yet.
In Q4 2025, declining average sessions per DAU to 8.6 and average time spent per DAU to 24.3 minutes indicate that the quality of growth may be mixed, and for investors, this divergence could imply that monetization efficiency lags audience growth if sustained.
Retention Quality Remains Relatively Stable
FanDuel’s estimated user churn reached 39.9% in Q4 2025, though the 6.1% QoQ and 17.9% YoY increases suggest softer retention health if sustained.
For investors, a sub-40% churn profile correlates with better recurring revenue visibility, while the recent upward trend suggests CAC efficiency and user lifetime value could come under pressure if the deterioration continues.
MPI Accelerated Despite -5.7% WoW Pullback
One of the key metrics investors track for Flutter Entertainment (FLUT) is its Average Monthly Players (AMPs) – United States, and Apptopia’s Mobile Performance Index (MPI) was selected for analysis because it may indicate how that disclosed measure is trending.
Flutter Entertainment’s MPI dipped recently, down -5.7% WoW in the Week of March 9, but has otherwise been strong, rising 28.4% QoQ and 14.9% YoY in Q4 2025. This standalone mobile performance signal may indicate improving quarterly momentum, though a sustained weekly decline suggests near-term volatility.
Investors should monitor Apptopia’s MPI for FLUT to gauge whether accelerating momentum continues into Q1 2026.
Accelerating Momentum With Mixed Engagement Quality
Flutter Entertainment’s mobile metrics show accelerating momentum heading into Q1 2026, as strengthening MPI and coordinated acquisition signals suggest a healthy start despite mixed engagement depth and softer retention trends.
Apptopia’s data provides a useful lens for monitoring this balance between broad user expansion, weakening per-user intensity, and still-low churn that has been trending in the wrong direction.
Investors should use Apptopia’s MPI and other metrics to track whether acquisition strength continues to outweigh engagement softness and retention pressure into the next earnings window.
