Tag: Flutter
Flutter delivers $4.19B in Q2 2025 revenue
Flutter Entertainment reported Q2 revenue of $4.19 billion, marking a 16% year-over-year increase. However, net income dropped sharply by 88%, falling to $37 million. Adjusted EBITDA climbed 25% to $919 million, yielding a 21.9% margin. On the downside, earnings per share declined 59% to $0.59. FanDuel contributed significantly, generating $1.8 billion in Q2 revenue. Sportsbook
Flutter secures 100% control of FanDuel with $1.76bn buyout
Flutter Entertainment has finalized a $1.76bn agreement to acquire Boyd Gaming Corporation’s remaining 5% stake in FanDuel, granting Flutter full ownership of the sportsbook brand. The deal also extends their strategic partnership with Boyd through 2038. Flutter plans to finance the purchase through new debt and expects to close the transaction in Q3 2025, pending
Flutter Entertainment Takes Full Control of FanDuel in Big $1.76B Deal
Flutter Entertainment has struck a deal to buy the last 5% of FanDuel from Boyd Gaming Corporation. This $1.755 billion purchase will give Flutter total ownership of the top US sportsbook and iGaming platform. The move values FanDuel at about $31 billion and will change the US sports betting scene. Flutter Secures $1.75B Loan for
Flutter data breach affects thousands in UK
Flutter Entertainment has launched an internal investigation following a data breach involving customer information from its Paddy Power and Betfair platforms. Affected users were notified via email, and Flutter stated that the issue has since been contained. According to iGB sources, a substantial portion of Flutter’s UK customer base was impacted. The compromised data included
NSX CEO to lead Flutter Brazil as acquisition completes
NSX Group CEO João Studart will lead Flutter International’s Brazil business as the industry giant has completed its acquisition of the Betnacional parent company. Flutter agreed to acquire an initial 56% stake in Brazil-facing NSX last September. The deal was valued at $356 million and had been expected to close in Q2 of this year. The
Flutter acquires NSX to boost betting presence in Brazil
Flutter Entertainment has finalized the purchase of a 56% stake in Brazil’s NSX Group for around $350 million in cash. NSX is behind the rapidly growing Betnacional brand and ranks among the leading companies in Brazil’s booming online betting industry. According to Flutter, the acquisition enhances its foothold in Brazil’s newly regulated market and aligns
Flutter touts growth, particularly in US despite tough NFL season
Flutter executives shared that fourth-quarter revenue increased 14% and fiscal year revenue was up 19%, mostly on the back of US sports betting and icasino. Executives also reported that for FanDuel in the US, the number of average monthly players grew 7% in the quarter and 13% for the fiscal year. Overall, the tone was
Flutter buoyed by strong US results in Q1 as CEO Jackson expounds on prediction markets
Another strong quarter of US performance led to revenue and EBITDA gains for betting giant Flutter Entertainment. Global betting giant Flutter Entertainment lauded continued success in the US on Wednesday as it reported first-quarter group revenue of $3.66 billion, up 8% versus the prior year. Adjusted EBITDA of $616 million and net income of $335
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$560 Million in the Bag: Bally’s Secures Financing for Bronx Project
The quick-growing global entertainment brand that owns 20 casinos in the US and one casino in Newcastle, UK, Bally’s Corporation has secured $560 million in new financing. The company will use the money to support further development of its planned Bronx project in New York, allowing it to move ahead with pre-construction work. Bally’s, On
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Skills, culture and leadership: The foundations of the UAE’s digital economy
As the UAE marks Emirati Women’s Month, attention is focused on the role women play in shaping the country’s future industries. From artificial intelligence (AI) and cloud computing to digital infrastructure and advanced technologies, the UAE’s economic ambitions increasingly depend on a workforce equipped with the skills, leadership capabilities and adaptability required to navigate a
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