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Flutter Entertainment plc reports developments across its online sports betting and iGaming business, including financial results, management updates, product launches, brand partnerships and responsible gaming initiatives. The company operates a portfolio of wagering and gaming brands that includes FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Snai, tombola, Betfair, MaxBet, Junglee Games, Adjarabet and Betnacional.
Recurring news for FLUT centers on FanDuel’s U.S. sportsbook, casino, racing, daily fantasy sports and media operations, as well as group-level results, investor events, governance changes and cross-brand product activity such as PokerStars on FanDuel. Company updates also cover sports partnerships and responsible play programs tied to its regulated gaming markets.
Flutter Entertainment has announced the publication of its Annual Report on Form 10-K for the financial year ended December 31, 2024. The company has filed the report with the U.S. Securities and Exchange Commission (SEC) and prepared a UK annual report incorporating the Form 10-K filing.
The Annual Report and Accounts 2024 is now available through multiple channels:
- London Stock Exchange website
- UK National Storage Mechanism
- Flutter's corporate website under the investor relations section
Flutter Entertainment (NYSE:FLUT) has reported its Q4 and full year 2024 financial results, demonstrating strong performance and market leadership. FanDuel maintained its position as America's top sportsbook with 43% GGR market share in sports betting and 26% in iGaming.
Q4 2024 highlights include net income of $156M, compared to a $902M loss in Q4 2023. Group revenue grew 14% with Adjusted EBITDA increasing 4% to $655M. The US segment saw 14% revenue growth, with sportsbook revenue up 8% and iGaming revenue surging 43%.
The company reported strong performance in key markets, with UKI revenue growing 20% and International revenue increasing 20%. 2025 guidance projects 13% revenue growth and 34% Adjusted EBITDA growth at the midpoint. The company's strong start to 2025 included record Super Bowl engagement, with FanDuel recording 3M active customers placing 17.7M bets totaling $470M wagered.
Flutter Entertainment (NYSE:FLUT), a leading online sports betting and iGaming operator, has announced that CEO Peter Jackson and CFO Rob Coldrake will participate in the upcoming Morgan Stanley Technology, Media & Telecom Conference. The event will feature a fireside chat scheduled for March 5, 2025, at 8:30 AM PST.
The company will provide a live audio webcast of the presentation through their investor relations website. A replay will be available shortly after the event concludes.
Flutter Entertainment (NYSE:FLUT, LSE:FLTR), a leading online sports betting and iGaming operator, has announced it will release its Q4 and full year 2024 financial results on March 4, 2025 after market close at 4:05 p.m. ET. The company will host a conference call at 4:30 p.m. ET the same day to review results and answer questions.
The earnings release and supplementary materials will be accessible through Flutter's website investor section. The management's call and Q&A session will be available via public audio webcast, with replay access provided approximately one hour after the call's conclusion. Analysts and investors can participate in the live conference call using the provided international dial-in numbers and conference ID 20251.
FanDuel reported that nearly half of its customers (approximately 3.5 million) engaged with My Spend, their responsible gaming dashboard, during the 2024-2025 NFL Season. The tool provides users with detailed insights on deposit and betting activity over various time periods.
The company launched a dedicated advertising campaign during NFL playoffs to promote My Spend, with consumer testing showing 75% of customers agreeing these tools are helpful for tracking and managing play. FanDuel also introduced Deposit Alerts, a new feature allowing customers to set target budgets and receive notifications when reaching set amounts.
The company plans to expand its responsible gaming technology initiatives in 2025, focusing on early intervention for at-risk behavior identification.
FanDuel Casino has announced the exclusive launch of Light & Wonder's HUFF N' MORE PUFF™ slot game on their platform. Starting February 4, 2025, the game will be available in New Jersey, Pennsylvania, Michigan, West Virginia, Connecticut, and Ontario. The online version maintains the popular casino floor experience while adding a bonus-buying feature.
The game, featuring the Big Bad Wolf character, allows players to compete for real money prizes as the wolf huffs and puffs to reveal rewards. This exclusive partnership represents FanDuel's commitment to expanding its iGaming product with popular casino games. The launch combines one of America's most popular slot games with FanDuel's promotional offerings to enhance the online gaming experience.
FanDuel, North America's premier online gaming company, has launched its sportsbook operations in Puerto Rico, marking its 24th jurisdiction for mobile sports betting. The company has opened a new retail sportsbook in partnership with CAGE Sports at #53 Edificio El Caribe, Calle Palmeras in San Juan.
Puerto Rican residents aged 18 and above can register in-person at the retail location to access the FanDuel Sportsbook app. New customers making their first wager of at least $5 will receive $200 in Bonus Bets, which can be used across multiple sports including basketball, NFL, MLB, NHL, and soccer.
The FanDuel Sportsbook app features secure banking, fast payouts, and 24/7 customer service. It offers innovative features like Same Game Parlay bets, live streaming, and The Pulse for curated experiences. The platform includes educational resources through Sports Betting 101 and emphasizes responsible gaming with tools for setting limits and tracking spending patterns.
FanDuel announced that Peyton and Eli Manning will compete in a live field goal kicking competition called 'Kick of Destiny 3' during Super Bowl LIX in New Orleans. The competition will air during FOX's Super Bowl Pregame Show at 3pm ET, where both former NFL quarterbacks will attempt 25-yard field goals. FanDuel customers can make free picks through the FanDuel Sportsbook app on which Manning brother will win, with correct predictions earning a share of $10 million in Bonus Bets.
The competition format includes initial 25-yard attempts, with additional rounds if needed. In case of a tie after three rounds, the winner will be determined by who kicked closest to the center target. The campaign includes TV spots showing the brothers' preparation and will culminate in the live event, with recap footage being shown during two Super Bowl commercial spots.
Flutter Entertainment (NYSE:FLUT) reports significant impact from unfavorable US sports results in Q4 2024. The company experienced adverse outcomes primarily in NFL Parlay and Same Game Parlay bets, with the 2024/2025 NFL season showing the highest rate of favorites winning in nearly 20 years.
The unfavorable results led to a $438m reduction in gross gaming revenue (GGR), approximately $390m decrease in revenue, and $260m reduction in Adjusted EBITDA from November 12 to December 31. US revenue for 2024 is now estimated at $5.78bn, down from previous guidance of $6.05bn-$6.25bn. The 2024 US Adjusted EBITDA is revised to approximately $505m, compared to previous guidance of $670m-$750m.
Q4 sportsbook net revenue margin was 6.6%, with structural revenue margin at 14.5%. Despite these short-term setbacks, Flutter reports good momentum in UK and Ireland operations, with favorable English Premier League results leading to slightly higher Group Ex-US revenue and Adjusted EBITDA than previously guided.
Flutter Entertainment (NYSE:FLUT) has reported significant impacts from unfavorable US sports results in Q4 2024. The company experienced adverse outcomes primarily in NFL Parlay and Same Game Parlay bets, with the 2024/2025 NFL season showing the highest rate of favorites winning in nearly 20 years.
The unfavorable results led to an estimated $438m reduction in gross gaming revenue (GGR), approximately $390m in revenue reduction, and $260m decrease in Adjusted EBITDA for the period from November 12 to December 31. As a result, US revenue for 2024 is now estimated at $5.78bn, down from the previous guidance of $6.05bn-$6.25bn. The 2024 US Adjusted EBITDA is revised to approximately $505m, compared to previous guidance of $670m-$750m.
Q4 sportsbook net revenue margin was 6.6%, with structural revenue margin at 14.5%. The Group Ex-US segment showed positive performance, with UK and Ireland operations demonstrating good momentum and favorable sports results in the English Premier League.