Summary
Flutter Entertainment price target trimmed on increased promotional spending
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT)'s price target was lowered to $180 from $210 by Jefferies, which cut its earnings estimates following the company's decision to increase promotional spending in the US during the second half of 2026. Jefferies cut its Group EBITDA estimates by 8% for 2027 and 13% for 2028, with the reductions entirely reflecting lower US estimates.
Flutter Entertainment Q2 Earnings Call Highlights
Flutter Entertainment NYSE: FLUT reported second-quarter revenue growth of 3% as strong customer engagement around the FIFA World Cup and acquisitions helped offset customer-friendly U.S. sports results and higher taxes in the United Kingdom.
Citi upgrades Flutter after 13% share price slide
Citi has upgraded Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) to 'neutral' following the gambling group's second-quarter results, arguing that a 13% share price fall since April has reset expectations. The US bank trimmed its target price on the FanDuel and Paddy Power owner to $93, from $93.26.
Flutter Entertainment plc Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Chad Beynon Macquarie | 84.83 | $7,890.4 | $8,039.71 | $149.31 | 1.89% |
 Bernie McTernan Needham | 36.79 | $3,421.87 | $3,486.62 | $64.75 | 1.89% |
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Flutter Entertainment plc Profile
| Hotel & Resort REITs Industry | Real Estate Sector | Jeremy Peter Jackson CEO | NYSE Exchange | 34407L103 CUSIP |
| US Country | 28,518 Employees | - Last Dividend | 10 Dec 2015 Last Split | - IPO Date |
Overview
Flutter Entertainment plc is a prominent player in the sports betting and gaming industry, operating extensively across various international markets including the United Kingdom, Ireland, Australia, the United States, Italy, among others. The company, which has gone through a name change from Paddy Power Betfair plc to Flutter Entertainment plc in 2019, showcases a rich history since its inception in 1958. Flutter Entertainment is structured into four key segments: UK & Ireland, Australia, International, and US, reflecting its broad geographical footprint and diverse market focus. Headquartered in Dublin, Ireland, the company has grown to offer a wide array of betting, gaming, and entertainment products and services under several renowned brands, catering to a vast customer base worldwide.
Products and Services
The portfolio of Flutter Entertainment plc spans a comprehensive range of sports betting, gaming, and related services, detailed as follows:
- Sports Betting & iGaming: Offers a wide variety of sports betting options across different markets, including daily fantasy sports, online racing wagering, and TV broadcasting products. It encompasses traditional sportsbooks as well as exchange sports betting, catering to diverse betting preferences.
- Online Poker, Casino, and Rummy: Provides customers with engaging online gaming experiences, including poker, casino games, and rummy, satisfying various tastes in card games and casino entertainment.
- Online Sports Betting: Delivers a comprehensive online platform for sports betting enthusiasts, enabling bets across a multitude of sports events internationally.
- Brands and Websites: The company operates multiple leading websites under various brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, TVG, Stardust, Junglee Games, and Adjarabet. These brands cover a broad spectrum of betting and gaming services, ensuring Flutter Entertainment’s strong presence in the digital landscape.
- Live Poker Tours and Events: Apart from digital offerings, Flutter Entertainment also organizes live poker tours and events under its PokerStars brand, providing a platform for poker enthusiasts to engage in competitive tournaments.
