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NEW YORK - Flutter Entertainment plc (NYSE:FLUT) shares jumped 3.5% after the online sports betting and gaming company reported better-than-expected fourth quarter earnings and provided an upbeat revenue forecast for 2025.
The company posted adjusted earnings per share of $2.94 for Q4, significantly beating analyst estimates of $1.73. Revenue came in at $3.79 billion, slightly below the consensus of $3.82 billion.
For the full year 2025, Flutter expects revenue between $15.48 billion and $16.38 billion, well above analyst projections of $13.52 billion.
"I am proud of the progress we made during 2024 as we delivered against our strategic priorities and enhanced our leadership positions," said CEO Peter Jackson.
Flutter saw strong momentum in its US business, with FanDuel maintaining its position as the top sports betting operator with a 43% gross gaming revenue market share. The company’s iGaming segment also performed well, with revenue up 43% YoY.
Outside the US, Flutter reported solid growth in key markets like the UK and Italy. However, its Australia business faced headwinds from a softer racing market.
Looking ahead, Jackson said Flutter has had "a great start to 2025," including record customer engagement for the Super Bowl. The company appears well-positioned to capitalize on growth opportunities in the expanding US sports betting and online gaming markets.
The stock’s 3.5% rise suggests investors are reacting positively to Flutter’s earnings beat and optimistic 2025 outlook.
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