Entertainment <\/p>\n
Flutter Entertainment<\/strong> enjoyed a robust fourth-quarter 2024 performance, exceeding expectations<\/strong> with better-than-expected earnings and a confident outlook<\/a> for 2025. The global gaming giant maintained momentum<\/strong>, supported by stable revenue growth in its key markets, an expanding player base, and strategic acquisitions.<\/p>\n Flutter recorded a 14%<\/strong> year-on-year revenue increase, reaching $3.79 billion<\/strong> for the quarter, fueled by growth in its sportsbook and iGaming segments. Adjusted EBITDA rose 4%<\/strong> to $655 million<\/strong>, reflecting solid operational efficiency despite macroeconomic pressures<\/a>. The company\u2019s EBITDA margin declined to 17.3%<\/strong> from 19.1% <\/strong>in Q4 as Flutter invested in customer acquisition and product enhancements.<\/p>\n I am proud of the progress we made during 2024 as we delivered against our strategic priorities and enhanced our leadership positions.<\/em><\/p>\n Peter Jackson, Flutter Entertainment CEO<\/cite><\/p><\/blockquote>\n Net profit for the quarter bounced back to $156 million<\/strong>, a substantial turnaround from the $902 million loss<\/strong> reported in Q4 last year. For the full year 2024, Flutter reported a 19% rise<\/strong> in revenue to $14.05 billion<\/strong>, with adjusted EBITDA up 26%<\/strong> at $2.36 billion<\/strong>. Average monthly players (AMPs) also rose a healthy 13% year-on-year<\/strong>, settling at 13.9 million<\/strong>.<\/p>\n Flutter\u2019s US business, fueled primarily by FanDuel<\/strong>, remained a key revenue driver, growing 14%<\/strong> year-on-year to $1.61 billion<\/strong> in Q4. Sportsbook revenue was up 8%<\/strong> despite unfavorable sports betting outcomes, while iGaming grew 43%<\/strong>, assisted by a 37%<\/strong> ramp-up in AMPs, particularly in slots and live casino. However, adjusted EBITDA for the US segment declined 3%<\/strong> to $163 million<\/strong>, with an EBITDA margin of 10.1%<\/strong>.<\/p>\n Our market-leading product proposition delivered strong customer engagement with another quarter of increased player frequency.<\/em><\/p>\n Peter Jackson, Flutter Entertainment CEO<\/cite><\/p><\/blockquote>\n UK & Ireland revenue increased 20%<\/strong>, with sportsbook up 31%<\/strong> and iGaming up 16%<\/strong>. For the international segment, revenue increased by 20%<\/strong>, with Sisal<\/strong>, Junglee<\/strong>, and newly acquired<\/a> MaxBet, which contributed $58 million<\/strong> of Q4 revenue. In Australia, robust player engagement did not stop revenues from sliding 8%<\/strong> as market trends and increased taxation in Victoria led to a 35% decline<\/strong> in adjusted EBITDA.<\/p>\n Flutter announced a shift in its financial reporting structure<\/strong>, combining UKI, Australia, and International into a new Flutter International<\/strong> segment while maintaining separate reporting for its US operations. CEO Peter Jackson<\/strong> was confident in the company\u2019s future, highlighting FanDuel\u2019s US leadership, continued market share gains<\/strong> in the UK and Italy, and strategic acquisitions in Brazil and Italy.<\/p>\n We exited the year with a strong leadership position, underpinned by unparalleled scale and product innovation, which positions us exceptionally well for 2025.<\/em><\/p>\n Peter Jackson, Flutter Entertainment CEO<\/cite><\/p><\/blockquote>\n Jackson also highlighted the record-breaking Super Bowl<\/strong>, drawing attention to FanDuel\u2019s 3 million<\/strong> active customers, who placed 17.7 million bets<\/strong>, amounting to $470 million <\/strong>in wagers. He noted that the company\u2019s priority remained on creating value<\/strong> for our customers and shareholders and sustaining natural growth in promising jurisdictions.<\/p>\n<\/p><\/div>\nOverall Results Remain Consistent<\/strong><\/h2>\n
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All Regions Performed Well<\/strong><\/h2>\n
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The Company Is Positioned for Further Growth<\/strong><\/h2>\n
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