Flutter Entertainment plc's Q1 showed continued success from FanDuel. The sportsbook rivalry with DraftKings has continued, whereas FanDuel has recently taken the decisive lead in iGaming. Flutter's international operations were stable in Q1. Going forward, the acquisitions of Snai and NSX should drive good international earnings growth. I estimate FLUT stock to have a fair margin of safety with a fair value of $266.55.
Flutter Entertainment (FLUT) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $0.10 per share a year ago.
Flutter CEO Peter Jackson told CNBC customer-friendly results in the NCAA's college basketball tournament weighed on overall first-quarter results for FanDuel's parent company. The global sports and online gambling platform missed on the top and bottom lines for the first quarter.
FanDuel Sports Network, the company behind regional channels for 30 NBA, NHL and MLB teams, now counts 650,000 paid streaming subscribers. The company said it is on track to reach one million direct-to-consumer customers by the end of the year.
Flutter (FLUT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Flutter (FLUT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
FLUT's minimal dependence on tariff-heavy products and services shields it from significant macroeconomic impacts. Historical data shows FLUT's revenue loss during downturns is under 8%, with a strong recovery within three quarters. Potential entry into two new states this year is expected to offset any losses.
Flutter Entertainment leads the global sports betting and iGaming market, with 90% of revenue from online channels, benefiting from digital adoption trends. FY 2024 results: Revenue up 14% to $14.05B, adjusted EBITDA up 5% to $2.36B, and free cash flow conversion surged 177%. 2025 outlook: Revenue projected at $15.9B (+13%), adjusted EBITDA at $3.2B (+34%), with strong US and international growth potential.
Flutter Entertainment plc is a global leader in one of the more intriguing growth industries of our time, legalized gambling. My investment thesis highlights strong revenue growth and market expansion as key drivers. FLUT has dipped in price, allowing me to step in as part of my new long-term growth portfolio.
If you're a sports fan, March means basketball. And if you're a fan of the sports betting site FanDuel, it's a good reason to pay attention to the stock of FanDuel's parent company, Flutter Entertainment plc NYSE: FLUT.
Flutter Entertainment FLUT analysts highlight the sports betting and iGaming market share growth of the company after fourth-quarter financial results and guidance.
Flutter Entertainment plc (NYSE:FLUT ) Q4 2024 Earnings Conference Call March 4, 2025 4:30 PM ET Company Participants Paul Tymms - Director of Investor Relations Peter Jackson - Chief Executive Officer Rob Coldrake - Chief Financial Officer Conference Call Participants Ed Young - Morgan Stanley Clark Lampen - BTIG Brandt Montour - Barclays Bernie McTernan - Needham & Company Jordan Bender - Citizens JMP Paul Ruddy - Davy Dan Politzer - Wells Fargo Jed Kelly - Oppenheimer Barry Jonas - Truist Securities Jeff Stantial - Stifel Joe Stauff - Susquehanna Robert Fishman - MoffettNathanson Chad Beynon - Macquarie John DeCree - CBRE Benjamin Shelley - UBS Adrien de Saint Hilaire - Bank of America Ryan Sigdahl - Craig-Hallum Capital Group Operator Good afternoon and welcome to Flutter's Q4 and Fiscal Year 2024 Earnings Call hosted by CEO, Peter Jackson; and CFO, Rob Coldrake. Please note, this conference call is being recorded.