Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Flutter Entertainment plans Q1 NYSE listing, to delist from Euronext Dublin

EditorPollock Mondal
Published 09/11/2023, 09:10
Updated 09/11/2023, 09:10
© Reuters.

Flutter Entertainment Plc, the parent company of FanDuel, is gearing up for a New York Stock Exchange (NYSE) listing in the first quarter of next year, following approval from its shareholders. The Dublin-based company will concurrently delist from Euronext Dublin, marking a significant shift in its trading platform.

The firm has finalized its application with the Securities and Exchange Commission (SEC), setting the stage for its anticipated debut on the NYSE. This move is expected to enhance Flutter's talent acquisition and capital resources.

In its most recent financial update, Flutter reported third-quarter revenues of £2.04 billion ($2.5 billion), falling slightly short of the predicted average of £2.15 billion. The company's earnings from sports betting have been impacted by predictable sports outcomes that have proven more beneficial to bettors than bookmakers.

Looking ahead, the company has projected full-year adjusted earnings of £140 million in the US and £1.44 billion globally. This forecast comes amid an increasingly competitive sports betting landscape, with Flutter's performance closely watched by industry observers and investors alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.