Fluttr Entrtnmnt (FLUT) Stock News

Flutter Entertainment (NYSE:FLUT) has announced the pricing of senior secured notes across three currencies, totaling approximately $2.3 billion. The offering includes:

• $1,000 million of USD notes at 5.875% due 2031
• €550 million of EUR notes at 4.000% due 2031
• £450 million of GBP notes at 6.125% due 2031

The notes will be issued by Flutter Treasury DAC at par value, with settlement expected around June 4, 2025. The proceeds, along with a new U.S. dollar-denominated term loan B facility, will be used to repay the bridge facility that partially funded the Snaitech S.p.A. acquisition, for general corporate purposes, and related transaction expenses. The notes will be listed on The International Stock Exchange.

Flutter Entertainment (NYSE: FLUT) has completed the acquisition of a 56% stake in NSX Group, operator of Brazilian brand Betnacional, for $350 million. The deal combines NSX with Flutter's existing Betfair Brazil business to create a stronger presence in the Brazilian market. NSX, which entered the market in 2021, has grown to become Brazil's fourth-largest operator by 2023. The transaction is expected to contribute $220 million in additional revenues but result in an adjusted EBITDA loss of $70 million in 2025. Flutter has the option to increase its shareholding through put/call arrangements in years five and ten. The acquisition aligns with Flutter's strategy to secure leadership positions in attractive international markets, leveraging Brazil's population of over 200 million and strong sports culture.

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Flutter Entertainment (NYSE:FLUT) has announced the launch of the third tranche of its share buyback program, commencing July 1, 2025. The company will repurchase shares for up to $225 million on the NYSE, with the program ending no later than September 30, 2025.

This buyback is part of Flutter's larger $5 billion multi-year share repurchase program announced in September 2024. The company expects to return approximately $1 billion to shareholders in 2025 through the program. Davy Securities will execute the buyback independently, with the repurchased shares to be cancelled.

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Flutter Entertainment (NYSE: FLUT) reported strong Q1 2025 results with net income growth of 289% and adjusted EBITDA growth of 20% year-over-year. The company maintained its US leadership with 43% sports betting market share and 27% iGaming market share. FanDuel reached 4.3M active monthly players (up 11%) and achieved a 14.1% sportsbook hold rate. Notable developments include the completion of Snai acquisition in Italy, pending NSX acquisition in Brazil, and continued share buyback program. International division saw 1% revenue growth (3% in constant currency), with strong performance in Southern Europe & Africa. Despite customer-friendly sports results during March Madness, pre-2024 US states showed 9% online revenue growth. The company's iGaming business reached 1 million active monthly players for the first time, demonstrating strong engagement with new features like site-wide jackpots.

Flutter Entertainment (NYSE:FLUT) reported strong Q1 2025 financial results with significant growth across key metrics. Revenue increased 8% to $3.67 billion, while net income surged to $335 million from a loss of $177 million in Q1 2024. The company's Adjusted EBITDA grew 20% to $616 million, with margin expanding 170bps to 16.8%. US operations showed remarkable growth with revenue up 18% and EBITDA increasing 5x to $161 million. International revenue remained stable with 1% growth. The company updated its 2025 guidance, expecting Group revenue of $17.08 billion and adjusted EBITDA of $3.18 billion, representing 22% and 35% year-over-year growth respectively, including contributions from recent acquisitions Snai and NSX.

Flutter Entertainment has completed its acquisition of Snaitech (Snai), a leading Italian gaming operator, for €2.3 billion. This strategic move positions Flutter as a dominant player in Italy's regulated market, increasing its online market share to approximately 30%.

The acquisition, integrated into Flutter's Southern Europe & Africa division, aims to leverage Snai's strong retail presence and brand recognition in Italy's gaming sector. Flutter expects to achieve operating cost synergies of €70m within three years, plus €10m in capex synergies.

To fund the acquisition, Flutter secured a €2.5 billion senior secured first lien term loan facility, maturing April 29, 2026, with two 6-month extension options. The loan bears interest at EURIBOR plus 1.25% margin. The company plans to use this facility for acquisition costs, debt refinancing, and general corporate purposes.

Flutter Entertainment (NYSE:FLUT, LSE:FLTR), a leading online sports betting and iGaming operator, has scheduled its first quarter 2025 financial results announcement for May 7, 2025, after market close at 4:05 p.m. EDT (9:05 p.m. BST).

Key Details:

• Earnings materials will be available on www.flutter.com investor section
• Management conference call scheduled for 4:30 p.m. EDT (9:30 p.m. BST)
• Public audio webcast available with registration
• Replay access provided approximately one hour after call conclusion

Conference Call Access Numbers:

• North America: +1 888 500 3691
• United Kingdom: +44 800 358 0970
• Ireland: +353 1800 943926
• Australia: +61 1800 519 630
• International: +1 646 307 1951

Participants should dial in 10 minutes before the call using conference ID 20251.

Flutter Entertainment, a leading online sports betting and iGaming operator listed on the NYSE (FLUT) and LSE (FLTR), has announced an upcoming fireside chat featuring key executives.

The event will showcase:

• CEO Peter Jackson and CFO Rob Coldrake participating in a discussion
• Hosted by Barclays
• Scheduled for May 8, 2025 at 1 p.m. EDT (6 p.m. BST)

Interested parties can register for the live stream through Flutter's investor relations website at www.flutter.com/investors. For those unable to attend the live session, a replay of the webcast will be made available after the event.

FanDuel (NYSE: FLUT) has launched FanDuel Casino Jackpots, a new progressive jackpot system, across three states: New Jersey, Michigan, and Pennsylvania. The system allows players to opt in and add $0.10 to each wager for a chance to win Mini, Minor, Major, or Mega Jackpots on eligible casino games.

Since its early 2025 launch, the platform has attracted over 50,000 winners, averaging more than 1,500 winners daily. This development follows FanDuel Casino's acquisition of player engagement specialist BeyondPlay in February 2024, which has enhanced their customer experience with advanced jackpot technology.

FanDuel Group operates as a subsidiary of Flutter Entertainment, maintaining a presence across all 50 states with approximately 17 million customers and 25 retail locations. The company's portfolio includes FanDuel Sportsbook, FanDuel Casino, FanDuel Racing, and FanDuel TV.