FLUT Stock Forecast & Price Target

Flutter Entertainment reported favorable financial metrics for 2024, with projected revenues ranging from $8.2 billion to $8.3 billion, reflecting a 6% year-over-year increase, and a robust fourth-quarter revenue growth of 14% year-over-year, reaching $3.79 billion. Key regions such as the UK and Ireland experienced a significant revenue decline of 20% to $963 million, driven by heightened sportsbook and iGaming activities, while the international segment surged by 20% to $872 million amidst expansion in markets like Italy, India, and Turkey. Additionally, Flutter noted accelerated growth in the US market, with an anticipated 37% increase in OSB revenue for 2025, backed by reaccelerating handle trends and ongoing gross and net hold improvements.

Flutter Entertainment is experiencing a concerning decline in revenue, particularly evidenced by an 8% year-over-year decrease in Australian revenue, attributed to unfavorable market conditions and weaker racing performance. The company's EBITDA outside of the U.S. has been negatively impacted by foreign exchange fluctuations and challenging year-over-year comparisons, leading to a downward revision in Ex-U.S. revenue and adjusted EBITDA by 3% and 4%, respectively. Additionally, anticipated new market entries in Missouri and Alberta are projected to create significant revenue and EBITDA losses, further compounding the negative financial outlook for Flutter Entertainment.