Flutter Entertainment PLC (CHIX:FLTRl)
£ 221.9 -1 (-0.45%) Market Cap: 39.41 Bil Enterprise Value: 43.74 Bil PE Ratio: 104.40 PB Ratio: 5.42 GF Score: 86/100
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Q4 2024 Flutter Entertainment PLC Earnings Call Transcript

Mar 4, 2025 / 09:30 PM GMT
Release Date Price: £205.55 (-5.36%)

Key Points

Positve
  • Flutter Entertainment PLC (FLUT) reported a strong financial performance with a 19% revenue growth and a 26% increase in adjusted EBITDA for 2024.
  • The company solidified its leadership position in the US market, achieving a 43% market share in sports betting and 26% in iGaming.
  • Successful expansion into new markets, including North Carolina and Vermont, and the addition of Maxbet in the international business.
  • The introduction of innovative products like the 'Your Way' customizable betting option and the FanDuel Casino Rewards Club has driven customer engagement.
  • Flutter Entertainment PLC (FLUT) is on track to achieve its 2027 goals, with a focus on strategic growth and cost efficiency programs expected to deliver over $300 million in annualized cost savings by 2027.
Negative
  • The company faced adverse sports results in the US, particularly in the NFL, which impacted revenue and adjusted EBITDA by approximately $550 million and $360 million, respectively, in Q4 2024.
  • There is a potential risk of increased state gaming taxes in the US, which could impact profitability.
  • The racing market in Australia showed softness, leading to an 8% decline in revenue, despite positive player-driven momentum in sports.
  • The Italian market saw some share loss in the second half of 2024, which the company aims to address post-acquisition of Sny.
  • The competitive environment in Brazil is challenging, with up to 200 companies applying for licenses, which could impact Flutter Entertainment PLC (FLUT)'s market entry strategy.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FLUT.N - Flutter Entertainment PLC
Q4 2024 Flutter Entertainment PLC Earnings Call
Mar 04, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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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. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during that time, simply press star, followed by the number 1 on your telephone keypad. We kindly ask that you please limit your questions to 2. I will now hand you over to Paul Timms, Flutter director of investor relations, to begin today's call.

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Unidentified_2 [2]
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