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Flutter Entertainment(FLUT) - 2025 Q2 - Earnings Call Transcript
2025-08-07 21:32
Financial Data and Key Metrics Changes - Group revenue increased by 16% year over year, with adjusted EBITDA growing by 25% [24][6] - Net income decreased by 88% year over year due to increased non-cash charges, while cash from operating activities rose by $36 million [6][25] - Adjusted earnings per share grew by 45%, while earnings per share fell from $1.45 to $0.59 [25] Business Line Data and Key Metrics Changes - In the U.S., revenue grew by 17%, with sportsbook growth of 11% and exceptional iGaming growth of 42% [26] - International revenue reached $2.4 billion, reflecting a 15% year-over-year growth, driven by the SNAI and NSX acquisitions [20][28] - iGaming performance showed a 27% growth in the international division, with strong performances in UKI, APAC, and CEE [28] Market Data and Key Metrics Changes - The U.S. maintained its position as the number one online operator in both sportsbook and iGaming, with a record gross revenue margin month in June [16] - The company achieved over 30% share of the online market in Italy following the SNAI acquisition [14] - The Brazilian market is expected to present significant opportunities, with a focus on product and marketing improvements [14] Company Strategy and Development Direction - The company is focused on expanding its U.S. market presence and has made significant progress in regulatory matters [12][9] - Strategic acquisitions, such as SNAI and NSX, are aimed at enhancing market leadership in Italy and Brazil [14][10] - The company is committed to returning capital to shareholders while maintaining flexibility for organic and inorganic investments [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's fundamentals and strategic objectives for the remainder of 2025, particularly with upcoming sports seasons [22][23] - The company is monitoring regulatory developments closely, especially in Illinois, where a new wager fee was introduced [12][46] - Management believes that the U.S. market's scale will help mitigate potential tax changes and maintain competitive advantages [12][32] Other Important Information - The company has extended its market access agreement with Boyd, expecting approximately $65 million in annual cost savings [30] - The company is on track to achieve $300 million in savings from its cost transformation program by 2027 [29] - Available cash increased to $1.7 billion, while net debt stood at $8.5 billion, with a leverage ratio of three times adjusted EBITDA [30] Q&A Session Summary Question: U.S. Marketing and Contribution - The company noted efficiencies in marketing spend, with a reallocation of approximately £20 million to £25 million into Q4 to prepare for the NFL and NBA seasons [42][43] Question: Prediction Markets - Management is evaluating opportunities in prediction markets, leveraging their experience with the Betfair exchange [40] Question: Illinois Surcharge - The Illinois surcharge was introduced as a response to state tax changes, with management expressing disappointment over its impact on recreational customers [46][47] Question: California Sports Betting - Management is monitoring developments in California, particularly regarding tribal interests and the recent AG opinion on DFS [53] Question: iGaming Growth - Management believes there is significant potential for iGaming growth, focusing on acquiring direct casino customers [65] Question: Boyd Deal and Market Access - The Boyd deal is seen as a long-term opportunity for renegotiating other access agreements, but these will take time to materialize [72] Question: iGaming Content Mix - Currently, all content for FanDuel is sourced from third parties, with plans to introduce in-house content in the future [101] Question: Brazil Market Expansion - The company is considering further opportunities in Latin America, leveraging its recent successes in Brazil [112]
Golden Matrix (GMGI) Q2 Revenue Up 10%
The Motley Fool· 2025-08-07 03:58
About Golden Matrix Group Golden Matrix Group is a developer and operator of online gambling technology platforms. The company offers a wide portfolio of sports betting, online casino, prize competitions, and eSports betting products. Its reach spans more than 8.3 million registered players as of December 31, 2024, and supports over 800 distinct games through platforms like GM-X and GM-Ag. The company's recent business strategy has focused on expanding geographically, particularly through the acquisition of ...
Odys Global Appoints Nikola Radujković as Managing Director of the iGaming Division
GlobeNewswire News Room· 2025-08-04 18:37
New York, NY , Aug. 04, 2025 (GLOBE NEWSWIRE) -- Odys Global, a company focused on offering fast, measurable, ROI-focused and disruptive growth marketing to businesses worldwide, proudly announces the appointment of Nikola Radujković as Managing Director of Odys iGaming - its dedicated division focused on organic growth solutions for the online gambling sector. Odys Global With over 15 years of experience in iGaming SEO, affiliate marketing, and high-converting lead generation, Nikola brings a proven method ...
Gambling.com (GAMB) Loses 16% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-08-04 14:35
A downtrend has been apparent in Gambling.com Group Limited (GAMB) lately with too much selling pressure. The stock has declined 16.1% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stoc ...
Rush Street Interactive(RSI) - 2025 Q2 - Earnings Call Transcript
2025-07-30 23:00
Financial Data and Key Metrics Changes - The company reported record revenue of $269 million, representing a 22% year-over-year increase [14] - Adjusted EBITDA grew 88% year-over-year, reaching a record $40.2 million, indicating strong profitability flow-through from revenue growth [6][16] - Gross margin improved to approximately 35.3%, up about 80 basis points year-over-year, reflecting ongoing revenue diversification [15] Business Line Data and Key Metrics Changes - Online casino revenue grew 25% year-over-year, while online sports betting revenue increased by 15% [7] - Monthly Active Users (MAUs) in North America grew by over 30%, with a notable increase in iCasino markets [8] - In Latin America, MAUs grew over 40% year-over-year, with Mexico showing over 125% growth [9][11] Market Data and Key Metrics Changes - Michigan's revenue grew 42% year-over-year, West Virginia grew 47%, and Delaware grew 74% [10] - Ontario in Canada saw a 25% growth year-over-year, the fastest since 2023 [11] - Colombia's Gross Gaming Revenue (GGR) increased over 70% year-over-year, although net revenue was flat due to higher bonusing [11] Company Strategy and Development Direction - The company is focusing on expanding its presence in Alberta and has launched multi-state poker with shared player pooling [12] - The strategy emphasizes markets where the full suite of gaming offerings can be deployed to maximize player value [8] - The company is optimistic about future growth despite headwinds from increased taxes in the U.S. and Colombia, raising full-year revenue and EBITDA guidance [13][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's positive momentum, which outweighs tax-related headwinds [13] - The company anticipates continued player engagement and growth in markets, particularly in Colombia post-VAT tax [39] - Management highlighted the importance of maintaining a strong cash position to invest in new market opportunities [30] Other Important Information - The company remains debt-free with cash reserves of $241 million as of the quarter-end [17] - A deferred tax asset of approximately $145 million was recognized, reflecting expected future tax benefits [19] Q&A Session Summary Question: What are the assumptions regarding taxes in the guidance? - The company has included the impacts of higher state taxes in Illinois and New Jersey in its guidance, along with the temporary VAT tax in Colombia [23] Question: What is the growth outlook for Mexico? - Mexico is expected to become one of the largest markets in Latin America due to its population size and the company's early success compared to Colombia [25][27] Question: How is cash being utilized, and are there plans for M&A? - The company is focused on investing in new markets, particularly iCasino, while being opportunistic with share repurchases [30][32] Question: What is the outlook for Colombia post-VAT tax? - Management expects an increase in revenue and player engagement once the VAT tax is lifted, with a significant uplift in margins and free cash flow anticipated [39] Question: How does the company view the prediction markets? - The company is monitoring the situation closely, believing that increased prediction markets could accelerate the legalization of iCasino, which is a priority [58] Question: What is the strategy for Live Dealer offerings? - The company is focusing on enhancing the Live Dealer experience by offering a diverse range of games and exclusive content [70][72] Question: What is the outlook for G&A expenses? - G&A expenses are expected to rise sequentially, but the company aims to maintain leverage over this line item [75]
From Vegas to Velocity: VIP Play, Inc. CEO Les Ottolenghi Reveals the Next Wave of Real-Time Intelligence at AI4 2025
Prnewswire· 2025-07-29 15:00
About VIP Play, Inc. VIP Play, Inc. (OTCQB: VIPZ) is pioneering the future of mobile sports wagering. Operating its proprietary technology platform in Tennessee and holding an interim iGaming and mobile sports‑betting license in West Virginia, the company delivers a modern sportsbook with unique wager offerings, sweepstakes contests, and social features. VIP Play's cloud‑native architecture and AI‑driven product roadmap enable secure, data‑centric experiences that delight players and uphold the highest stan ...
Entain (GMVH.F) Trading Update Transcript
2025-07-29 14:00
Summary of BetMGM Second Quarter Business Update Call Company Overview - **Company**: BetMGM - **Industry**: Online Gaming and Sports Betting Key Financial Performance - **Second Quarter Revenue**: $692 million, up 36% year-over-year [3] - **First Half Revenue**: $1.349 billion, up 35% year-over-year [3] - **EBITDA for First Half**: $109 million, with $86 million in the second quarter [3][26] - **iGaming Growth**: 28% year-over-year in the first half, with a strong player acquisition strategy [4] - **Online Sports Betting (OSB) Growth**: 61% year-over-year in the first half [5][10] Strategic Insights - **Increased Guidance**: Full-year net revenue guidance upgraded to at least $2.7 billion, representing at least 28% growth year-over-year [5][28] - **EBITDA Guidance**: Upgraded to at least $150 million, a year-on-year improvement of nearly $400 million [5][30] - **Player Engagement**: Monthly active players grew by 38%, with players engaging 34% more days each month [7][8] Marketing and Player Management - **Efficient Marketing Spend**: Marketing efficiency improved, leading to a 66% flow-through of incremental revenue growth [4][31] - **Player Retention**: Enhanced player management strategies have improved retention and engagement metrics [12][13] - **Omnichannel Strategy**: Leveraging MGM Resorts' customer base to enhance player acquisition and retention [16][17] Product Development and Innovations - **New Game Launches**: Continued investment in exclusive content and partnerships, including new titles from popular franchises [8][9] - **App Improvements**: Significant enhancements in app speed and user experience, with a 40% improvement in app performance [71] Market Dynamics and Future Outlook - **Tax Impacts**: Anticipated tax increases in states like New Jersey and Illinois, with strategies in place to mitigate impacts [30][61] - **Legislative Environment**: Increased momentum for iGaming legislation, with expectations for more states to legalize in the future [89] - **Competitive Landscape**: Monitoring adjacent markets and potential risks from unregulated gaming activities [44][45] Conclusion - **Overall Health**: The business is performing strongly, with sustainable and profitable growth demonstrated through improved EBITDA and revenue metrics [34] - **Future Confidence**: High confidence in achieving $500 million EBITDA in the medium term, supported by operational efficiencies and market expansion [32][34]
Gambling.com: Subscription Revenue Will Catalyze The Stock Rally
Seeking Alpha· 2025-07-28 08:40
Group 1 - The stock of Gambling.com (GAMB) has experienced a significant decline of over 20% since the last analysis, which was unexpected given the company's strong revenue performance [1] - The author emphasizes the importance of data analytics in identifying investment opportunities within the equity markets, particularly through SEC filings and other data sources [1] - The investment style mentioned focuses on value, high quality, and long/short strategies in mid and small cap companies [1] Group 2 - The article does not provide any specific investment recommendations or advice regarding the suitability of investments for particular investors [2][3] - There is a clear disclosure that the author has no current positions in the stocks mentioned and no plans to initiate any positions in the near future [2]
Apple iSports Signs Definitive Agreement to Acquire LBC Enterprises Pty Ltd
Globenewswire· 2025-07-25 12:30
IRVINE, Calif., July 25, 2025 (GLOBE NEWSWIRE) -- Apple iSports (OTC-QB: AAPI) (“Company” or “Apple iSports” or “AiS”), a gaming, entertainment, and technology services company, is pleased to announce it has signed a Definitive Agreement with LBC Enterprises Pty Ltd (“LBC” or “Lucky Bet”), an online gaming, wagering, and payment systems company. Key Highlights LBC Enterprises Pty Ltd, a Queensland, Australia corporation, will sell all its shares to Apple iSports.The Board of Directors of both LBC and Apple ...
Rising Cash Flows Make These 4 Stocks Worth Choosing Now
ZACKS· 2025-07-23 15:36
Key Takeaways CPRX, STKL, GAMB and ORN show rising cash flow trends versus their 5-year per-share averages. Each stock meets criteria, including price above $5, top broker ratings and a VGM Score of B or better. EPS estimates for 2025 have been revised upward recently, reflecting positive sentiment and momentum.We are already into the second-quarter reporting cycle, and stocks with top-line growth and increasing profit numbers might be popular choices. Moreover, choosing stocks based on a company’s effici ...