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NEW YORK - Flutter Entertainment plc (NYSE:FLUT) reported third-quarter adjusted earnings that significantly exceeded analyst expectations, despite customer-friendly sports results impacting revenue. The stock rose 1.9% following the announcement.
The world’s leading online sports betting and iGaming operator posted adjusted earnings of $1.64 per share for Q3, handily beating the analyst estimate of $0.79. Revenue came in at $3.79 billion, slightly below the consensus estimate of $3.89 billion but up 17% YoY.
Flutter’s performance was driven by strong iGaming growth of 35% YoY, which helped offset the impact of customer-friendly sports results. The company’s average monthly players increased 9% to 14.1 million, reflecting solid user engagement across its platforms.
"Flutter delivered a solid third quarter, with continued momentum in both our US and International businesses," said Peter Jackson, CEO of Flutter Entertainment. "We are the clear number one operator in the US, and we will continue to build on that position to drive future profitability."
The company also announced the launch of "FanDuel Predicts" in December, a new prediction market product that will include sports in states without access to regulated sports betting. This expansion represents a significant growth opportunity for Flutter in untapped markets.
Looking ahead, Flutter updated its full-year 2025 guidance, now expecting group revenue of $16.69 billion and adjusted EBITDA of $2.915 billion, representing 19% and 24% YoY growth respectively. The company lowered its US revenue forecast to $7.17 billion from previous guidance of $7.47 billion, citing continued customer-friendly sports results and increased investment in its FanDuel Predicts platform.
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