Flutter Entertainment Soars in Q4 2024, Driven by US Market Leadership and International Expansion
Tuesday, Mar 4, 2025 4:23 pm ET
4min read 
Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, has reported its Q4 and full year 2024 financial results, demonstrating strong performance and market leadership. The company's Q4 highlights include net income of $156 million, compared to a $902 million loss in Q4 2023, and group revenue growth of 14% with Adjusted EBITDA increasing 4% to $655 million (Source: Flutter Entertainment's Q4 and Full Year 2024 Results, March 4, 2025).
FanDuel, Flutter's flagship brand in the US, maintained its market leadership with a 43% GGR market share in sports betting and 26% in iGaming. The company's strong performance in key markets, such as the UK and Italy, contributed to its overall growth, with UKI revenue growing 20% and International revenue increasing 20% (Source: Flutter Entertainment's Q4 and Full Year 2024 Results, March 4, 2025).
FLUT EBITDA, Net Income YoY...
| Name |
|---|
| Date |
| EBITDA |
| Net Income YoY% |
| Total Revenue YoY% |
| Free Cash Flow YoY% |
| Basic EPS YoY% |
| Net Income(USD) |
| FlutterFLUT |
| 20240930 |
| 250.00M |
| 56.49 |
| 26.97 |
| -- |
| 62.58 |
| -114.00M |
Peter Jackson, CEO of Flutter Entertainment, commented on the results: "I am proud of the progress we made during 2024 as we delivered against our strategic priorities and enhanced our leadership positions. FanDuel remains America's number one sportsbook with its leading product maintaining a clear structural revenue margin advantage over competitors. At the same time, excellent execution secured a new number one spot for FanDuel Casino in iGaming. Outside of the US, our commitment to first-to-market product innovation led to market share gains in key markets including the UK and Italy, while in Australia, we saw encouraging trends in our player base" (Source: Flutter Entertainment's Q4 and Full Year 2024 Results, March 4, 2025).
Flutter Entertainment's strong start to 2025, including record levels of customer engagement for the Super Bowl, further solidifies the company's position as a leading player in the global online sports betting and iGaming market. With a midpoint guidance of 13% revenue growth and 34% Adjusted EBITDA growth for 2025, the company is well-positioned to continue its strong performance and capitalize on growth opportunities in both existing and new markets.
In conclusion, Flutter Entertainment's Q4 2024 financial results demonstrate the company's strong market leadership and growth, driven by its US market leadership and international expansion. With a solid performance in key markets and a strong start to 2025, the company is well-positioned to continue its growth trajectory and capitalize on new opportunities in the global online sports betting and iGaming market.
