Flutter Entertainment (Flutter Entertainment) EBIT : $-661 Mil (TTM As of Dec. 2023)

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What is Flutter Entertainment EBIT?

Flutter Entertainment's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-950 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-661 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flutter Entertainment's annualized ROC % for the quarter that ended in Dec. 2023 was -7.75%. Flutter Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -219.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Flutter Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.79%.

Flutter Entertainment EBIT Historical Data

The historical data trend for Flutter Entertainment's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Flutter Entertainment EBIT Chart

Flutter Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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197.86

193.25

-341.00

-76.00

-661.00

Flutter Entertainment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-550.26	7.04	-83.04	288.59	-949.59

Competitive Comparison of Flutter Entertainment's EBIT

For the Gambling subindustry, Flutter Entertainment's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Flutter Entertainment's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flutter Entertainment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Flutter Entertainment's EV-to-EBIT falls into.

Flutter Entertainment EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-661 Mil.

Flutter Entertainment (NYSE:FLUT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Flutter Entertainment's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1637.334 * ( 1 - -14.83% )	/	( (24275.948	+	24243)	/ 2 )
=	-1880.1506322	/	24259.474
=	-7.75 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	24369.411	-	744.422	-	( 2307.683	-	max(0, 3397.954	-	2746.995	+	2307.683	))
=	24275.948

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	24635	-	942	-	( 3421	-	max(0, 4526	-	3976	+	3421	))
=	24243

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Flutter Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1899.172	/	( ( (831.326 + max(-2877.035, 0))	+	(900 + max(-4099, 0)) )	/	2 )
=	-1899.172	/	( ( 831.326	+	900 )	/	2 )
=	-1899.172	/	865.663
=	-219.39 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(55.876	+	0	+	318.101)	-	(744.422	+	0	+	2506.59)
=	-2877.035

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(90	+	0	+	163)	-	(942	+	0	+	3410)
=	-4099

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Flutter Entertainment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-661	/	36988.151
	=	-1.79 %

Flutter Entertainment EBIT Related Terms

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Flutter Entertainment (Flutter Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flutter Entertainment PLC (NYSE:FLUT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PDYPY:USA FLTR:Ireland FLTRl:UK FLTR:UK PPB:Germany

Address

Beech Hill Road, Belfield Office Park, Clonskeagh, Dublin, IRL, 4

Website

https://www.flutter.com

Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. The company's segments include PBB Online, which provides betting apps in over 100 countries as well as business-to-business risk and trading services; Australia, which consists of the Sportsbet Australian brand for betting on national sporting events; U.S., which includes betting apps, retail-only betting, and daily fantasy sports; and PBB Retail, which includes betting shops in the U.K. and Ireland and an accompanying app. PBB Online makes up the largest revenue segment.