Flutter Entertainment Reports First Quarter 2025 Financial Results May 7, 2025 (New York): Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q1 results, and updates 2025 guidance. A letter to shareholders has also been published on the Group's website at www.flutter.com/investors Key financial highlights: | | | Three months ended March 31, | | | --- | --- | --- | --- | | In $ millions except where stated otherwise | 2025 | 2024 | YOY | | A ...

Core Insights - FanDuel Sports Network has seen its paid subscribers double to nearly 650,000 in just eight weeks, with expectations to reach one million by year-end [2] - The company emerged from bankruptcy protection, significantly reducing its debt and restructuring its agreements with teams and leagues [3] Subscriber Growth - The streaming platform averages 250,000 unique daily users and about one million unique monthly users since the start of the 2025 MLB season, with average watch time per game increasing by 9% year-over-year to 92.5 minutes [4] - Partnerships with Amazon Prime Video and SB Nation, along with promotional offers from team partners, have contributed to subscriber growth [5][6][7] Industry Context - Regional sports networks are facing challenges due to the decline in pay-TV subscribers, necessitating adaptation to new streaming models [8][9] - The traditional lucrative model for regional sports networks is under pressure as pay-TV distributors push back on contracts [9] Pricing Strategy - FanDuel Sports Network's subscription starts at $19.99 per month, with pricing varying by region, and the company is exploring lower price points to attract more subscribers [11][12]

Core Viewpoint - Flutter Entertainment has completed the acquisition of Snaitech S.p.A. for an enterprise value of €2.3 billion, enhancing its position in the Italian market and aligning with its strategy for international growth [1][2]. Group 1: Acquisition Details - The acquisition of Snai is expected to increase Flutter's online market share in Italy to approximately 30% [5]. - Snai's strong omnichannel presence is anticipated to create significant growth opportunities by providing access to Flutter's market-leading products and capabilities [2][5]. - The transaction is financed through a €2.5 billion senior secured first lien term loan, with plans to use the facility for acquisition-related expenses and general corporate purposes [4][6]. Group 2: Strategic Importance - The acquisition aligns with Flutter's strategy to invest in leadership positions in attractive international markets, particularly in Southern Europe and Africa [2]. - Snai's established brand and customer base are expected to enhance Flutter's "local hero" brand portfolio, diversifying customer acquisition opportunities in Italy [5]. - The integration of Snai is projected to deliver target operating cost synergies of at least €70 million within three years, alongside additional revenue synergies through enhanced pricing and risk management capabilities [5]. Group 3: Future Outlook - Flutter plans to provide further updates, including financial guidance, in its first quarter results on May 7, 2025 [3].

Core Viewpoint - Flutter Entertainment is set to release its first quarter 2025 financial results on May 7, 2025, after market close, highlighting its ongoing commitment to transparency and investor engagement [1]. Group 1: Financial Results Announcement - Flutter will announce its Q1 2025 financial results on May 7, 2025, at 4:05 p.m. EDT [1]. - The earnings release and supplementary materials will be accessible through the "Investors" section of the Flutter website [1]. Group 2: Conference Call Details - A conference call will be held on May 7, 2025, at 4:30 p.m. EDT to discuss the financial results and answer questions [2]. - Access to the conference call will be available via webcast and telephone, with a replay provided approximately one hour after the call [2]. Group 3: Company Overview - Flutter is recognized as the world's leading online sports betting and iGaming operator, with a strong presence in various global markets, including the US [3]. - The company aims to leverage its scale and innovative mindset to drive long-term growth while promoting sustainability through its Positive Impact Plan [3]. - Flutter operates a diverse portfolio of brands, including FanDuel, PokerStars, and Paddy Power, among others [4].

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Flutter Entertainment (FLUT) , which belongs to the Zacks Gaming industry.This online gambling company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 120.70%.For the most recent quarter, Flutter was expected to post earnings of $1 ...

As an official partner of Churchill Downs Inc., FanDuel will once again deliver unmatched access during Derby Week with premier betting options, live FanDuel TV broadcasts, and exclusive events  Churchill Downs®, Kentucky Derby®, Kentucky Oaks® and the Twin Spires® are registered trademarks of Churchill Downs Incorporated NEW YORK, April 23, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company, is off to the races for the 151st "Run for the Roses" with the #1 sportsbook app where fans ...

Regulatory approval achieved for Snai acquisition, enhancing Flutter's position in Italy, Europe's largest regulated market NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (NYSE: FLUT; LSE: FLTR) ("Flutter") the world's leading online sports betting and iGaming operator today announces that it has received all necessary antitrust, gaming and regulatory confirmations to acquire Snaitech S.p.A. ("Snai"), one of Italy's leading omni-channel operators. The acquisition of Snai fully aligns wit ...

The exclusive FanDuel Party will pay tribute to the horseracing community with a $100,000 donation to the Thoroughbred Aftercare Alliance NEW YORK, April 9, 2025 /PRNewswire/ -- FanDuel Group, the premier online gaming company in North America and an Official Partner of Churchill Downs Inc, announced today that Grammy-nominated country music sensation Shaboozey will be headlining the FanDuel Kentucky Derby Party.Following last year's buzzworthy inaugural event featuring performances by Luke Bryan and Ne-Yo, ...

Group 1 - The House Edge is recognized as a unique marketplace service in the casino, gaming, and online sports betting sectors, providing researched insights and analysis [1] - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and focuses on value investing based on management quality [2] - The intelligence network of Howard Jay Klein spans across various levels in the US gambling and entertainment sectors, enhancing the quality of the research provided [2]

Core Viewpoint - Flutter Entertainment is updating its reportable segments to better reflect its operational management and resource allocation, with no impact on historical financial results [1][2]. Group 1: Segment Reporting Changes - Effective from Q1 2025, Flutter will report two segments: U.S. and Flutter International [2][7]. - Historical financial data for 2024 has been recast to align with the new reporting structure, available on Flutter's website [2][6]. - The recast financial information does not restate previously issued financial statements [2]. Group 2: Financial Performance - For the year ended December 31, 2024, U.S. segment revenue was $5,798 million, with $4,013 million from Sportsbook, $1,524 million from iGaming, and $261 million from other sources [6][10]. - The International segment revenue totaled $8,250 million, with significant contributions from the UK & Ireland ($3,599 million), Southern Europe and Africa ($1,593 million), and Asia Pacific ($1,547 million) [8][11]. - Total reportable segment revenue for Flutter was $14,048 million for 2024 [8]. Group 3: Expense and EBITDA Analysis - In the U.S. segment, total adjusted EBITDA was $507 million, with costs including $3,353 million in cost of sales and $1,278 million in sales & marketing expenses [10]. - The International segment reported total adjusted EBITDA of $2,065 million, with $3,571 million in cost of sales and $1,394 million in sales & marketing expenses [10].