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Flutter Entertainment PLC (FLUT)
NYSE:FLUT
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.05Last Year’s EPS
-4.95Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2019
|% Change Since: 8.24%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant growth in key segments, successful product innovations, and strategic investments. Despite some financial adjustments and market-specific challenges, the company demonstrated a positive trajectory and confidence in future growth opportunities.Company Guidance
During the call, Flutter provided updated guidance for 2024, highlighting its strong Q3 performance and future expectations. The company reported a 27% increase in revenue and a 74% rise in adjusted EBITDA to $450 million. In the US, revenue grew by 51%, with adjusted EBITDA reaching $58 million, driven by an improved net revenue margin of 8.2% and strong sportsbook and iGaming performance. The group ex-US also saw revenue growth of 15% and adjusted EBITDA growth of 11%. For 2024, Flutter slightly adjusted its US revenue guidance to $6.15 billion, with an adjusted EBITDA midpoint of $710 million, reflecting 40% revenue growth and 206% adjusted EBITDA growth. The guidance assumes no new state openings and a stable regulatory environment. Additionally, Flutter announced the launch of a $350 million share repurchase program and expects to complete its acquisitions of NSX and Snai by Q2 2025.Strong Q3 Performance
The Group delivered AMP and revenue growth of 16% and 27% respectively, and EBITDA was 74% higher, driven by strategic execution.
FanDuel NFL Success
The NFL season helped drive handle 36% ahead in the quarter, with same-game parlays almost doubling and NFL parlay penetration over 700 basis points higher.
iGaming Expansion
iGaming AMP base grew 43% with successful new gaming titles, indicating strong customer engagement and frequency.
International Growth
AMP growth of 13% outside the US led to revenue growth of 15% and EBITDA increase of 24%, supported by strong performances in UKI and Italy.
Share Repurchase Program
A share repurchase program will launch on November 14, intending to repurchase up to $350 million of ordinary shares by Q1 2025.
Positive US Segment Performance
US revenue grew by 51%, with adjusted EBITDA of $58 million, driven by strong trading and favorable sports results.
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FLUT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLUT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $248.17 | $265.52 | +6.99% |
| Aug 13, 2024 | $191.39 | $206.88 | +8.09% |
| May 14, 2024 | $204.17 | $201.80 | -1.16% |
| Mar 26, 2024 | $217.00 | $214.84 | -1.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Flutter Entertainment PLC (FLUT) report earnings?
Flutter Entertainment PLC (FLUT) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Flutter Entertainment PLC (FLUT) earnings time?
Flutter Entertainment PLC (FLUT) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLUT EPS forecast?
FLUT EPS forecast for the fiscal quarter 2024 (Q4) is 2.05.
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