Globenewswireยท2025-03-24 12:18Core 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].