FanDuel appoints new Senior Vice President of Public Affairs and new Head of Federal Affairswho together have decades of government policy experienceNEW YORK, July 7, 2025 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced that Shailagh Murray has been appointed Senior Vice President of Public Affairs and Jonathan Nabavi has been appointed Vice President of Federal Affairs. Murray and Nabavi will bring their extensive experience to FanDuel as the company lead ...

Core Viewpoint - Flutter Entertainment PLC reported quarterly earnings that missed both revenue and earnings estimates, leading to a decline in stock price, although some investors are reassessing the company's fundamentals and potential for recovery [1][4]. Financial Performance - Earnings per share (EPS) were $1.59, missing estimates of $1.89 [1]. - Revenue was reported at $3.67 billion, below expectations of $3.84 billion [1]. - Following the earnings report, FLUT stock dropped approximately 4% but later reduced losses to nearly half [4]. Market Context - The stock is down 6.3% in 2025, similar to DraftKings, which is down 7% [6]. - A lack of new sports betting initiatives in many states is contributing to the downward pressure on sports betting stocks [7]. - Flutter Entertainment and DraftKings benefit from online casinos, which provide a buffer against the struggles faced by traditional brick-and-mortar competitors [8]. Company Insights - Flutter's CEO attributed the earnings miss to "customer-friendly" outcomes during the NCAA Men's Basketball Tournament, where many favorites won, resulting in bettors winning their bets [10]. - The company remains confident in its pricing strategy and expects gross revenue margins to align with expected outcomes over time [11]. Industry Resilience - Sports betting is viewed as resilient during economic downturns, with consumers likely to continue engaging in betting activities even in tough conditions [12]. - The industry is also expected to be shielded from tariffs, making it a more stable investment compared to other discretionary sectors [12]. Analyst Ratings - Analysts have a consensus Buy rating on FLUT stock, with a 12-month price target of $306.28, indicating a potential upside of 26.87% from the current price of $241.41 [13][14]. - The stock has recently pulled back to its 50-day simple moving average, and traders are watching for support at this level [13].