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.

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

Flutter Entertainment forecast earnings growth of 30% in 2024, after strong growth in its U.S. operations last year, with revenue rising 41%.

Flutter Predicts Earnings Jump on U.S. Growth

DUBLIN, IRELAND & TORONTO, ON / ACCESSWIRE / March 26, 2024 / Flutter Entertainment (LSE:FLTR)(NYSE:FLUT), the world's leading online sports betting and iGaming operator, today announced results for fiscal year ended December 31, 2023. Guidance for fiscal year ending 31 December 2024 introduced, with Group revenue growth of 17.5% at the midpoint.

Flutter Announces Fiscal Year 2023 Earnings

Entain PLC

US investment bank Jefferies' latest insights into the US online gambling sector highlighted a record-breaking February for US iGaming revenues and significant growth in online sports betting (OSB). According to Jefferies, the US iGaming market set a new record with gross gaming revenue (GGR) reaching $649 million, marking a 31% increase year-over-year.

Online gambling's record February: Flutter and Entain come up trumps

Flutter Entertainment to Report Full Year 2023 Financial Results and Host a Conference Call on March 26, 2024 DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / March 19, 2024 / Flutter Entertainment plc ("Flutter") (LSE:FLTR)(NYSE:FLUT)(TSX:TSGI), the leading online sports betting and iGaming operator, today announced that it will release full year 2023 financial results on Tuesday, March 26, 2024 at 7:00 a.m. GMT (3:00 a.m.

Flutter Entertainment PLC Announces Notice of 2023 Preliminary Results

Neither of the two big UK bookmakers - Flutter Entertainment PLC (LSE:FLTR) and Entain PLC (LSE:ENT) - seemed to have been swayed by the latest positive data emanating from the US covering February. The read-out is important on two counts.

Flutter and Entain little moved by Super Bowl success for US bookies

Since listing on the New York Stock Exchange at the end of January, shares of Flutter Entertainment plc NYSE: FLUT have gone from strength to strength. They've gained more than 40% since January's low and are closing in on the all-time high they'd previously traded in 2021.

Flutter Receives Major Upgrades: Investor Interest Skyrockets

Flutter Entertainment has received an upgrade from JP Morgan which is taking a more positive stance on the Betfair and Paddy Power owner than previously on its prospects in the US. FanDuel is Flutter's big brand in the US and JP Morgan has raised forecasts for revenue and profit growth at the business into double-digits from 2026 onwards.

Flutter Entertainment upgraded on US prospects by JP Morgan

New relationship with Kindbridge Behavioral Health is part of a series of initiatives that aim to support problem gambling prevention, treatment and recovery efforts. NEW YORK, March 6, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced a series of initiatives and financial support focused on raising awareness of the importance of responsible play during Problem Gambling Awareness Month.

FanDuel Introduces New Mental Health Collaboration and Support Efforts During Problem Gambling Awareness Month

Sports fans in North Carolina can now pre-register on the FanDuel Sportsbook app NEW YORK , March 4, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced a new multi-year partnership with the Carolina Panthers as an Official Sports Betting Partner. The partnership comes ahead of the March 11 launch of mobile sports betting in North Carolina and is part of a series of initiatives to engage sports fans throughout the state.

FanDuel Becomes an Official Sports Betting Partner of Carolina Panthers Ahead of Upcoming North Carolina Launch

DraftKings

Super Bowl LVIII was great for ratings, averaging a record 123.7 million viewers, according to Nielsen. It also appeared to be a notable one for major betting companies.

FanDuel, DraftKings both see huge Super Bowl betting totals

DraftKings and FanDuel will be the top beneficiaries from record Super Bowl betting, Bank of America wrote on Friday. Equity strategist Shaun Kelley expects Taylor Swift's presence to boost bets.

DraftKings and FanDuel are set to be the big Super Bowl winners amid record betting activity fueled by Taylor Swift

Flutter Entertainment plc is a global leader in the online gaming sector, generating 60% of its revenue. Flutter Entertainment's international business and revenue base make it undervalued compared to its U.S. competitor DraftKings. ESPNBet and Fanatics are potential disruptors in the market, but their impact on Flutter Entertainment and DraftKings is expected to be minimal.

Flutter: Newly Traded NYSE Sports Betting Giant Could Be A Big Gainer

Betting companies like Flutter Entertainment PLC (LSE:FLTR), Entain and 888 are set to benefit from growth in both their US and online markets, outweighing any regulatory headwinds, analysts believe. Stateside bank Jefferies stamped a ‘buy' rating on both stocks, although Paddy Power owner Flutter received the ‘top pick' status due to its “outsized benefits” regarding its ability to gain online market leadership.

Flutter undervalued despite US dominance and 2024 tailwinds, says broker

MGM Resorts

People have been placing their bullish bets on the sports betting stocks of late, with the broader basket gaining considerable momentum. While the Magnificent Seven stocks stole the show (yet again) this earnings season, I think other corners of tech are more than worthy of the attention of growth-savvy investors.

Game On: 3 Sports Betting Stocks Worthy of a Wager

US bookmakers are heading for a bumper start to 2024, according to broker Jefferies, which has reiterated buy recommendations on Entain and Flutter, two of the largest players in the market. Ajed of the week's Super Bowl between San Francisco and Kansas City, the bank wrote: “Signs remain encouraging for the bookmakers, with high engagement and betting activity,” especially in the newly legalised areas such as Ohio.

Flutter and Entain in good spot as Super Bowl fever rises, says US bank

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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

Alibaba

SoFi Technologies

Artificial intelligence (AI) isn't the only area of the stock market where investors can find high-growth stocks in 2024. While the market rally isn't broad-based, there are pockets where stocks are flying and delivering big gains to investors.

3 High-Growth Stocks to Buy for Maximum Wealth Building

Genius Sports

The Super Bowl, the biggest sporting event in the US, is nearing, leading to a frenzy among fans and investors. The event, which will take place in Las Vegas, is expected to be one of the biggest ones in terms of attendance and viewership.

Top Super Bowl stocks to buy: DKNG, GENI, FLUT

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.

News for Flutter Entertainment PLC Stock (FLUT)