BRIEF-Flutter forecasts following 26% EBITDA growth in 2024 with 34% in 2025

Reuters
05 Mar
BRIEF-Flutter forecasts following 26% EBITDA growth in 2024 with 34% in 2025

March 4 (Reuters) - Flutter Entertainment PLC FLTRF.L, FLUT.N:

  • FLUTTER - Q4 ADJUSTED EBITDA +4% TO $655 MILLION, REVENUE +14% TO $3.792 BILLION, AVERAGE MONTHLY PLAYERS $(AMP)$ +7%

  • FLUTTER - Q4 ADJUSTED U.S. EBITDA -3% TO $163 MILLION, REVENUE +14% TO $1.611 BILLION, AVERAGE MONTHLY PLAYERS $(AMP.AU)$ +15%

  • FLUTTER - FY ADJUSTED EBITDA +26% TO $2.357 MILLION, REVENUE +19% TO $14.048 BILLION, AVERAGE MONTHLY PLAYERS (AMP) +13%

  • FLUTTER - SHARE BUYBACK PROGRAMME COMMENCED; $121 MILLION RETURNED IN Q4 WITH UP TO $1BN EXPECTED IN 2025

  • FLUTTER - US Q4 TOTAL ONLINE GROSS GAMING REVENUE MARKET SHARE OF 36% (35% IN Q3), SPORTSBOOK GGR SHARE 43% (41% Q3), IGAMING GGR SHARE 26% (25% Q3)

  • FLUTTER - AUSTRALIA PERFORMANCE REFLECTED EXPECTED MARKET DECLINES HOWEVER, PLAYER TRENDS REMAIN ENCOURAGING WITH A THIRD CONSECUTIVE QUARTER OF AMP GROWTH

  • FLUTTER - 2025 HAS STARTED WELL. U.S. HANDLE GROWTH STEPPED UP FROM Q4 LEVELS WITH UNDERLYING TRENDS IN LINE WITH EXPECTATIONS AND SPORTS RESULTS BROADLY NEUTRAL

  • FLUTTER - FY 2025 GUIDANCE REPRESENTS Y/Y GROWTH AT MIDPOINT OF 13% IN REVENUE AND 34% ADJUSTED EBITDA

  • FLUTTER - US 2025 EXISTING STATE GROWTH EXPECTED IN LINE WITH INVESTOR DAY COMMENTARY, ADJUSTED EBITDA $1.28BN-$1.52BN, REVENUE $7.47BN-$7.97BN

  • FLUTTER - FY GUIDANCE EX-US ADJUSTED EBITDA $1.75BN-$1.95BN, REVENUE $8.05BN-$8.45BN; GROWTH OF 6% AND 10% RESPECTIVELY ADJUSTING FX HEADWIND, 2024 FAVORABLE SPORTS RESULTS

  • FLUTTER - 3 MILLION ACTIVE CUSTOMERS PLACED 17.7M BETS DURING SUPER BOWL 2025 (+28% Y/Y) WITH $470M WAGERED ON THE DAY ($390M IN 2024)

  • FLUTTER - SEES Q4 LAUNCH FOR MISSOURI AND AN EARLY 2026 LAUNCH NOW EXPECTED FOR ALBERTA, CANADA

Further company coverage: FLTRF.L

(Reporting By Padraic Halpin)

((Padraic.Halpin@thomsonreuters.com;))

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