Flutter Entertainment PLC

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Flutter Entertainment Plc engages in the business of online betting and gaming. It operates through the following segments: UK and Ireland, Australia, International, and US. The UK and Ireland segment includes the operations of Sky Betting and Gaming, Paddy Power, Betfair, and tombola. The Australia segment focuses on sports betting services provided to Australian customers online. The International segment relates to poker, casino, rummy, lottery, and sports betting. The US segment includes sports betting, daily fantasy sports, and gaming services. The company was founded in 1988 and is headquartered in New York, NY.

When you think about stocks that are up 200% in 2024, investors thoughts will quickly go to technology stocks and names like NVIDIA Corp. NASDAQ: NVDA and Palantir Technologies Inc. (NYSE: PLTR). But after a strong earnings report, there's another name that may be joining that list, Flutter Entertainment plc NYSE: FLUT.

Flutter Entertainment Can Be a Blue-Chip Sports Betting Stock

High-profile investors including Dan Loeb have flocked to Flutter Entertainment, the Irish gambling company that is the main owner of FanDuel and moved its primary listing to the U.S. in May.

Big-name investors bought FanDuel owner Flutter Entertainment, filings show

PHILADELPHIA , Nov. 14, 2024 /PRNewswire/ -- Evolution, the industry-leading B2B solution provider for casino operators, today announced a three-year extension of their US agreement with FanDuel Casino. The renewal strengthens the strategic partnership between the two companies, reaffirming Evolution as FanDuel's sole provider of core live dealer casino games.

Evolution Group Announces Partnership Extension with FanDuel Casino

Shares of Flutter Entertainment (FLUT) traded at an all-time high Wednesday as the parent of sports gambling site FanDuel beat revenue estimates and boosted its guidance as it benefited from demand for wagering on National Football League games.

FanDuel Parent Flutter Stock Hits All-Time High on Strong NFL Betting

Flutter stock broke out above a buy point after the FanDuel parent firm crushed Q3 views. Analysts raise price targets, expect greater growth.

FanDuel Parent Breaks Out On Q3 Win; Analysts Expect 400% Growth

Flutter Entertainment announces launch of first tranche of share repurchase program DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / November 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces that it has entered into non-discretionary arrangements with Goldman Sachs & Co LLC to repurchase ordinary shares on Flutter's behalf for an aggregate maximum consideration of up to $350 million on the New York Stock Exchange (the "Buyback"). The Buyback will commence November 14, 2024, on the New York Stock Exchange, and will end no later than 31 March 2025.The purpose of the Buyback is to reduce the share capital of Flutter.

Flutter Entertainment PLC Announces Launch of Share Buyback Program

Flutter Entertainment PLC (LSE:FLTR) has raised its full-year forecast for the second consecutive quarter, attributing this to stronger-than-anticipated revenue growth from outside the US for the upgrade. The Paddy Power and Betfair owner saw a 24% increase in core profits from its long-established brands in the UK, Europe, and Australia, reaching $392 million for the quarter.

Flutter weighs in with another (modest) upgrade to full-year forecasts

Flutter Entertainment plc (NYSE:FLUT ) Q3 2024 Earnings Call Transcript November 12, 2024 4:30 PM ET Company Participants Paul Tymms - Director of IR Peter Jackson - CEO Rob Coldrake - CFO Conference Call Participants Ed Young - Morgan Stanley Jordan Bender - Citizens JMP Jed Kelly - Oppenheimer Bernie McTernan - Needham & Company Paul Ruddy - Davy Brandt Montour - Barclays Ryan Sigdahl - Craig-Hallum Capital Group Dan Politzer - Wells Fargo Robert Fishman - MoffettNathanson Clark Lampen - BTIG Joe Stauff - Susquehanna John DeCree - CBRE Adrien de Saint Hilaire - Bank of America Robin Farley - UBS Operator Good afternoon and welcome to the Flutter Q3 Trading Update, hosted by CEO, Peter Jackson, and CFO, Rob Coldrake. Please note, this conference call is being recorded.

Flutter Entertainment plc (FLUT) Q3 2024 Earnings Call Transcript

FanDuel, PaddyPower parent Flutter popped late Tuesday after hitting the over on Q3 earnings, lifting its revenue guidance. The post FanDuel Parent Primed For Breakout On Earnings, Raised Guidance appeared first on Investor's Business Daily.

FanDuel Parent Primed For Breakout On Earnings, Raised Guidance

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER ASSIMILATED REGULATION (EU) NO. 596/2014 WHICH IS PART OF THE LAWS OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) NEW YORK, NY / ACCESSWIRE / November 12, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q3 2024 results, and a small raise to fiscal year 2024 Group guidance.

​Flutter Entertainment PLC Announces Q3 2024 Financial Results

NEW YORK--(BUSINESS WIRE)-- #BetHog--FanDuel Co-founders Launch Crypto Casino and Sportsbook Company, BetHog, and Secure $6M Seed Round.

FanDuel Co-Founders Launch Crypto Casino and Sportsbook Company, BetHog, and Secure $6M Seed Round

FLUT has all the earmarks of the first blue-chip stock in the sports betting sector. No, it's not Coke, but it checks many boxes. Recent headwinds are diminished, with no others in sight. Its multi-brand skins are a sound business model for the future.

Flutter: Recent Headwinds Gone, Tailwinds Prevail As Stock Recovers From September Lows

Entain PLC

The online gambling industry has become a lucrative area for investors to invest their money in. This is so as it keeps growing.

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FLUT's strong revenue growth, driven by FanDuel and expanding markets, positions it for continued top-line expansion, potentially reaching $20 billion by FY 2028. Operational improvements and margin expansion are expected to boost profitability, with operating margins projected to grow significantly, enhancing shareholder returns. Despite FLUT's breakeven status over the last twelve months, the company's future growth potential makes it an attractive investment.

3 Reasons To Bet On Flutter's 'License To Print Money'

Flutter Entertainment PLC (LSE:FLTR) is expected to post in-line results for the third quarter of 2024, according to Citi, with projected group revenue growth of 22%, slightly ahead of its 20% growth in the previous quarter. In the US, Citi forecasts an accelerated revenue growth of 45% year-over-year, attributed to favourable comparisons with weaker prior results.

Paddy Power-owner Flutter to show accelerating revenue growth, says Citi

FanDuel parent Flutter Entertainment is looking to conquer the U.S. sports-betting market. The post Investors Gamble Flutter Entertainment Can Outduel DraftKings With 400% EPS Growth Expected appeared first on Investor's Business Daily.

Investors Gamble Flutter Entertainment Can Outduel DraftKings With 400% EPS Growth Expected

Flutter Entertainment to Report Third Quarter 2024 Financial Results and Host a Conference Call on November 12, 2024 DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / October 25, 2024 / Flutter Entertainment ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024 at 4:05 p.m. ET (9:05 p.m.

Flutter Entertainment PLC Announces Notice of Q3 Earnings Release

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The sector is undervalued because the market is yet to recognize its long-term growth prospects. Overall, this basket portfolio is poised to gain strongly as Q4 events unfold with strong earnings profiles indicated forward either by Q4 2024 or Q1 2025. The market is still chasing AI, which tends to bury other strong stories.

Casino And Sports Betting Stocks Are Due For Positive Sentiment Due To Macro Growth

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DraftKings

With the 2024 NFL season underway, it's time to look into gambling stocks. After all, according to the American Gaming Association, Americans are expected to wager about $35 billion on NFL games this year.

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Bally Sports Will Become FanDuel Sports Network on October 21 SOUTHPORT, Conn. and NEW YORK , Oct. 18, 2024 /PRNewswire/ -- Diamond Sports Group ("Diamond") and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: Exclusive right to name Diamond's 16 regional sports networks ("RSNs") and Diamond's digital offerings, including the direct to consumer ("DTC") product, as FanDuel Sports Network; linear and digital media placement and integration opportunities across all live NBA, NHL and MLB games on FanDuel Sports Network; shared commitment to explore a unified DTC app experience with the ability to syndicate FanDuel TV programming across FanDuel Sports Network, including studio programming like "Up & Adams," "Run It Back" and FanDuel TV's live rights programming; FanDuel to have reseller designation for Diamond's DTC product; and additional economic and equity elements.

DIAMOND SPORTS GROUP AND FANDUEL ANNOUNCE BROAD COMMERCIAL PARTNERSHIP

SOUTHPORT, Conn. & NEW YORK--(BUSINESS WIRE)--Diamond Sports Group (“Diamond”) and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: Exclusive right to name Diamond's 16 regional sports networks (“RSNs”) and Diamond's digital offerings, including the direct to consumer (“DTC”) product, as FanDuel Sports Network; Linear and digital media placement and integration opportunities across all live NBA, NHL and.

Diamond Sports Group and FanDuel Announce Broad Commercial Partnership

Diamond Sports and FanDuel have reached a naming rights agreement for Diamond Sports' regional sports networks. The agreement will start with the 2024 NHL and NBA seasons and will be long-term, pending Diamond's emergence from bankruptcy, according to a bankruptcy court filing.

Diamond Sports, FanDuel reach naming rights agreement for regional sports networks

Gambling.com Group

CHARLOTTE, N.C.--(BUSINESS WIRE)--The American Gambling Awards today announced FanDuel, North America's premier online gaming company, has been named Online Sportsbook of the Year for the 2024 American Gambling Awards. Defending its title as America's #1 Sportsbook, this recognition marks FanDuel's third consecutive win in this competitive category, reflecting its exceptional customer experience and continued growth in the sports betting landscape. The American Gambling Awards, produced by Gamb.

FanDuel Sportsbook Is the 2024 American Gambling Awards Online Sportsbook of the Year

FanDuel odds now available on NBA League Pass as part of opt-in viewing experience NEW YORK , Oct. 15, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Basketball Association (NBA), is tipping off the NBA season by bringing back a promotion to provide fans with a three-month subscription to NBA League Pass. Fans who opt-in can also view an enhanced broadcast experience featuring live odds from FanDuel during NBA League Pass games.

FanDuel Tips Off the NBA Season with Three Months of NBA League Pass Promotion

DoubleDown Interactive Co Ltd

Nexters

Robust online betting demand bodes well for the Gaming industry. Stocks like FLUT, DDI and GDEV benefit from an improving industry trend.

News for Flutter Entertainment PLC Stock (FLUT)