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.

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

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

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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

FanDuel and Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR) has tabled a €2.3 billion (£1.9 billion) offer for Playtech PLC (LSE:PTEC)'s Italian gaming operator Snaitech. The offer follows a confirmation that talks were underway between the two in August.

Paddy Power-owner Flutter to acquire Italian gaming business

Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) has acquired a 56% stake in NSX Group, a leading Brazilian betting operator known for its Betnacional brand. The acquisition was valued at approximately $350 million.

Paddy Power-owner Flutter bets on Brazil

Flutter Entertainment plc (NYSE:FLUT ) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Paul Tymms - Investor Relations Peter Jackson - Chief Executive Officer Rob Coldrake - Chief Financial Officer Conference Call Participants Clark Lempen - BTIG Jordan Bender - Citizens JMP Ed Young - Morgan Stanley Ryan Sigdahl - Craig-Hallum Capital Group James Rowland Clark - Barclays Dan Politzer - Wells Fargo Paul Ruddy - Davy Joe Stauff - Susquehanna Monique Pollard - Citi Robert Fishman - MoffettNathanson Jed Kelly - Oppenheimer Simon Davies - Deutsche Bank Andrew Tam - Redburn Atlantic Robin Farley - UBS James Wheatcroft - Jefferies Operator Good afternoon and welcome to the Flutter Q2 Results Call hosted by CEO, Peter Jackson; and CFO, Rob Coldrake. There will be a chance to ask questions later, but I will now hand the call over to Paul Tymms, Group Director of Investor Relations.

Flutter Entertainment plc (FLUT) Q2 2024 Earnings Call Transcript

Flutter Entertainment plc (NYSE:FLUT ) Q1 2024 Earnings Conference Call May 14, 2024 6:30 AM ET Company Participants Paul Tymms – Investor Relations Peter Jackson – Chief Executive Officer Paul Edgecliffe-Johnson – Chief Financial Officer Conference Call Participants Ed Young – Morgan Stanley Jordan Bender – Citizens JMP Monique Pollard – Citi Clark Lempen – BTIG Ryan Sigdahl – Craig-Hallum Capital Group Joe Stauff – Susquehanna Robert Fishman – MoffettNathanson Dan Politzer – Wells Fargo Paul Ruddy – Davy Simon Davies – Deutsche Bank Ben Shelley – UBS James Rowland Clark – Barclays Andrew Tam – Redburn Atlantic Joe Thomas – HSBC Operator Good morning, and welcome to the Flutter First Quarter 2024 Earnings Call hosted by CEO, Peter Jackson; and CFO, Paul Edgecliffe-Johnson. Please note, this conference is being recorded and for the duration of the call your lines will be in listen-only.

Flutter Entertainment plc (FLUT) Q1 2024 Earnings Call Transcript

Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) saw global revenues grow by 24.6% year-on-year to $11.79 billion (£9.3 billion) in 2023, although net losses widened to $1.21 billion from $370 million in the previous year. This net loss was primarily due to significant non-cash charges, including a $725 million impairment on the PokerStars trademark.

Paddy Power owner Flutter hails positive US earnings

Sage Group PLC/The

The FTSE 100 and FTSE 250 indices have lagged behind their global peers. There are concerns about demand for UK stocks as the economy slows. Flutter Entertainment, Wise, and Sage Group will likely do well in February.

The best UK stocks to buy in February 2024

FanDuel parent company Flutter is now trading on the New York Stock Exchange. The Ireland-based company announced in a Monday (Jan.

FanDuel Owner Takes on DraftKings on NYSE

As the U.S. prepares for Super Bowl 2024, Wall Street is cheering on the newest sports betting stock to hit the market. International gambling giant Flutter Entertainment (NYSE: FLUT ) begins trading today on the New York Stock Exchange (NYSE).

FLUT Stock: 10 Things to Know as Flutter Entertainment Starts Trading in the U.S.

The online sports-betting company will have a secondary listing in New York, but hopes to make it the primary one.

Flutter Begins Trading on the NYSE. CEO Says It's the ‘Right Place for Us to Be.

Flutter Entertainment PLC (LSE:FLTR) on Monday said it plans to move its main stock listing to the US in the leatest blow to London's ailing stock market. The Paddy Power owner made the announcement as share in the firm prepare to debut in the US.

Flutter to shift main listing to US in latest blow to London

Flutter Entertainment, the parent company of FanDuel, started trading on the New York Stock Exchange for the first time Monday, as the company tries to narrow the valuation gap between it and rivals including DraftKings.

FanDuel's parent starts trade on the NYSE, plans primary listing in New York

DraftKings

DraftKings Inc (NASDAQ: DKNG) is in focus on Monday after rival Flutter Entertainment debuted on the New York Stock Exchange. Why is Flutter news significant for DraftKings?

What's next for DraftKings as Flutter lists on the NYSE?

Dublin-based Flutter said on Monday it will propose moving the primary listing of its shares from London to New York at its annual general meeting in May.

Online betting firm Flutter to propose New York primary listing at annual meeting

Trading to commence on NYSE LONDON and NEW YORK, Jan. 29, 2024 /PRNewswire/ -- Flutter is pleased to announce today, 29 January 2024, the listing of the Company's ordinary shares on the New York Stock Exchange ("NYSE"), with trading to commence at 09.30 ET. Flutter also confirms that the cancellation of the secondary listing of the Company's ordinary shares on Euronext Dublin took effect at 08.00 GMT today.

Flutter commences trading on the NYSE. Proposed transition of primary listing to US.

FanDuel-parent company Flutter lists on the New York Stock Exchange, giving U.S. investors more choice in sports betting.

FanDuel-parent Flutter to list on the NYSE, challenging DraftKings as sports-betting pure play

Gambling giant hails ‘pivotal moment' with listing on New York stock exchange as US sports betting business surges

FanDuel owner Flutter to list in New York amid US gambling boom

Flutter will complete a dual listing on the New York Stock Exchange on Monday.

Flutter Is Coming to the NYSE. What It Means for DraftKings.

FanDuel Casino partners with Vegas Matt in a long-term deal inclusive of social media content, promotional offers, branding, and more. NEW YORK , Jan. 25, 2024 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced a new exclusive partnership with Vegas Matt for FanDuel Casino to create engaging content that will educate fans on casino games and the importance of responsible play.

FanDuel Casino Welcomes Vegas Matt As Ambassador in Exclusive Deal

Shares of Irish online sports betting (OSB) and gaming leader Flutter Entertainment plc OTCMKTS: PDYPY lept 23% to $100.23 last week in three-times normal volume. The surge came ahead of Flutter's much anticipated New York Stock Exchange (NYSE) listing — which could happen as soon as next week.

Flutter Entertainment flies to $100 ahead of NYSE listing

Citi has upgraded the target price for Flutter Entertainment PLC (LSE:FLTR) by £10 a share to £180 head of its listing in New York next week.  Following Flutter's 17% share price rally post its fourth-quarter trading update for 2023, the investment bank's analysts have taken a closer look at the company's prospects, and specifically its ownership of the fast-expanding FanDual sports book operation.

Flutter Entertainment: Leading investment bank upgrades ahead New York listing

Donation timed to celebrate one year anniversary of mobile sports betting launch in Ohio NEW YORK , Jan. 22, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced a $1 million donation supporting the UNCF (United Negro College Fund) whose mission is to build a robust and nationally recognized pipeline of under-represented students who, because of UNCF support, become highly qualified college graduates. The donation will financially support students at 10 Historically Black Colleges and Universities (HBCUs) across Ohio.

FanDuel Makes Third $1 Million Donation to UNCF to Support Students from Ohio HBCUs

Amazon

iRobot

The CE 100 Index lost 0.6% as gains from the Have Fun segment were blunted by double-digit plunges from the likes of iRobot — where concerns over the firm's takeover by Amazon (and possible derailment) sent investors fleeing.  Within the Have Fun group, which got a 3.3% boost, shares of Flutter Entertainment soared 23%.

News for Flutter Entertainment PLC Stock (PDYPY)