FLUT Stock Recent News

DUBLIN & TORONTO / ACCESSWIRE / August 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q2 2024 results and raises fiscal year 2024 guidance following material Q2 outperformance relative to expectations. Key financial highlights: Three months ended June 30 In $ millions except percentages and average monthly players 2024 2023 YOY Average monthly players (AMPs) ('000s)1 14,344 12,222 +17 % Revenue 3,611 3,001 +20 % Net income 297 64 +364 % Net income margin 8.2 % 2.1 % +610bps Adjusted EBITDA2,3 738 633 +17 % Adjusted EBITDA margin2 20.4 % 21.1 % (70)bps Diluted earnings per share ($) 1.45 0.37 +290 % Adjusted earnings per share ($)2 2.61 1.67 +56 % Net cash provided by operating activities 323 41 +688 % Free Cash Flow2 171 (95 ) Leverage ratio (December 2023 3.1x)2,3 2.6 • Strong Q2 performance with AMPs1 +17% and revenue +20% underpin increases to US and Group Ex-US FY 2024 guidance with Group revenue +

Flutter raised its full-year guidance after a much better than expected second quarter and said it has no plans "at this stage" to follow rival Draftkings in adding a surcharge to customer's winnings in high-tax U.S. states.

Flutter Entertainment PLC (LSE:FLTR)'s full-year guidance will be in full focus when the betting firm publishes second-quarter results on Tuesday, August 13. According to UBS, “material uncertainty” remains over whether Flutter can stick to guidance for adjusted pre-tax earnings of US$635 million to US$785 million in the US.

Flutter Entertainment PLC (LSE:FLTR) is on course to post strong first-half numbers believe the analysts at US bank Citi. The Betfair, Paddy Power and FanDuel group should reveal strength across the portfolio, adds Citi, helped by favourable results outside of the US, especially the UK.

Flutter Entertainment to Report Second Quarter 2024 Financial Results and Host a Conference Call on August 13, 2024 DUBLIN, IRELAND / ACCESSWIRE / July 30, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its second quarter 2024 financial results after market close on Tuesday, August 13, 2024 at 16:05 ET (21:05 BST). The earnings release and supplementary materials will be available through the "Investors" section of the Flutter website at www.flutter.com.

NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (“Flutter”) (NYSE: FLUT, LSE: FLTR), the world's leading online sports betting and iGaming operator of brands including FanDuel, announced the appointment of Christine M. McCarthy and Robert R. (“Dob”) Bennett to the Board of Directors, effective July 30, 2024. Ms. McCarthy will sit on the Audit Committee and Mr. Bennett will serve as a member of the Risk and Sustainability Committee. “Christine and Dob's extensive experience in the entertainment.

Jefferies has reiterated a 'buy' rating on Flutter Entertainment PLC (LSE:FLTR), setting a price target of 22,000p. Despite increased gaming taxes in Illinois potentially impacting earnings, the American investment bank is optimistic about the gaming group's prospects, especially its strong US market presence through FanDuel.

Valletta, Malta, June 14, 2024 (GLOBE NEWSWIRE) -- Popular iGaming content provider BGaming has entered the Armenian market in partnership with leading online gaming operator Adjarabet.

Flutter Entertainment has been under pressure following a flurry of negative headlines, but the weakness in the share price is too much suggests JP Morgan which has kept an an upbeat view. Shares in the Fanduel and Betfair owner are down 15% on tax increases, college bets ban, marketing restrictions in the US and some overall weakness within Travel & Leisure.

Flutter Entertainment PLC's (LSE:FLTR) recent share price dip is unjustified, according to analysts at investment bank Berenberg. After hitting a peak of £175 earlier in the year, the price is now £148.40, though the shares are now traded in the US primarily as today completed its move from London to the New York stock exchange.