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LONDON - Flutter Entertainment (NYSE:FLUT, LSE:FLTR), a global leader in online sports betting and iGaming, has announced a revision of its financial reporting segments, according to a press release issued on Monday. The adjustment is designed to better reflect the company’s current operational management and resource allocation. This realignment, effective from the first quarter of 2025, introduces two reportable segments: "US," which includes the FanDuel brand, and "Flutter International," which encompasses all other brands and aligns with the previously reported UK & Ireland, Australia, and International segments combined, excluding corporate overhead not allocated to segments.
The company has provided recast financial information for 2024 to offer investors a consistent view of historical data under the new structure. The US segment reported revenues of $5,798 million, while Flutter International generated $8,250 million in revenue for the year ended December 31, 2024. The detailed revenue breakdown by region within the International segment has been made available, with UK & Ireland contributing $3,599 million and other regions such as Southern Europe, Africa, Asia Pacific, Central and Eastern Europe, and Brazil adding to the total.
Furthermore, Flutter has disclosed significant expense categories and adjusted EBITDA by segment, with the US segment achieving an adjusted EBITDA of $507 million and the International segment reaching $2,065 million. The company emphasizes that these changes do not represent a restatement of previously issued financial statements and do not impact historical consolidated financial position or results.
Flutter Entertainment operates a diverse portfolio of leading brands, including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, and others. The company aims to leverage its scale and competitive advantages, referred to as the "Flutter Edge," to maintain its industry-leading position and promote a sustainable future for stakeholders through its Positive Impact Plan.
The recast financial information is available on the company’s investor relations website, providing additional insights such as average monthly players and net revenue margin for the segments. This move is part of Flutter’s ongoing effort to provide transparent and relevant financial data to its investors and stakeholders.
The information in this article is based on a press release statement from Flutter Entertainment.
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