FLUT Earnings Prediction
The chart below shows how FLUT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FLUT sees a +5.61% change in stock price 10 days leading up to the earnings, and a -1.65% change 10 days following the report. On the earnings day itself, the stock moves by -0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
FLUT Key Earning Data
2024/Q4
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FLUT Earnings Analysis
Flutter Entertainment PLC Corporation (FLUT.N) Earnings Conference Call
Positive
Earnings Per Share Beat: Flutter Entertainment plc reported an impressive EPS of $2.94, significantly beating expectations of $1.96.
Revenue and EBITDA Growth: The company achieved a revenue growth of 19% and adjusted EBITDA of $482 million, which is 26% higher than the previous year.
Market Share Leadership: Flutter strengthened its leadership position in the U.S. market, closing the year with a sportsbook GGR market share of 43% and an iGaming GGR market share of 26%.
Market Expansion Success: The company successfully launched FanDuel in North Carolina and Vermont, expanding into new markets.
Product Innovation Impact: Flutter's product innovation, including Same Game Parlay products, has driven engagement and improved market-leading structural gross revenue margins.
iGaming Product Development: The iGaming product proposition is thriving, with the creation of Flutter Studios enhancing game development capabilities.
iGaming AMPs Growth: The company reported strong AMPs growth of 37% in iGaming, driven by product improvements and new loyalty programs.
International Revenue Growth: Flutter's international revenue grew by 14%, with significant contributions from the UK and Italy, showcasing the benefits of its diversified portfolio.
AMP Growth Surge: In India, Flutter reported an impressive AMP growth of 72% year-over-year, demonstrating strong underlying performance despite tax changes.
Strategic Growth Plans: The company is well-positioned for 2025, with a strong product pipeline and plans for up to $1 billion in share repurchases.
Negative
Customer Impact on Revenue: The company faced a significant impact from customer-friendly sports results, which cost approximately $550 million in revenue and $360 million in adjusted EBITDA in Q4.
Cost Management Challenges: Despite revenue growth of 14%, adjusted EBITDA growth was only 4%, indicating potential challenges in managing costs relative to revenue growth.
Handle Growth Moderation: The sequential handle trend in the U.S. was lower than Q2 and Q3, reflecting a moderation in handle growth to 12%, which could signal a slowdown in customer engagement or betting activity.
Negative Revenue Forecast: The company anticipates negative revenue of $40 million and an adjusted EBITDA cost of $90 million due to new state launches, indicating potential short-term financial strain from expansion efforts.
Currency Exchange Impact: There is a noted headwind from foreign currency exchange rates, which negatively impacted revenue and adjusted EBITDA by approximately $220 million and $50 million, respectively, suggesting vulnerability to currency fluctuations.
UKI Growth Moderation: The guidance for 2025 indicates that growth in UKI is moderating from high levels reported during 2024, which may reflect a challenging competitive environment or market saturation.
FLUT FAQs
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FLUT Earning Call Sentiment
Flutter Entertainment plc (NYSE:FLUT) Q4 2024 Earnings Call Transcript
FLUT.N
-1.09%Positive
The earnings report shows strong financial performance with significant revenue and EBITDA growth, particularly in the U.S. iGaming sector. The company is executing a share repurchase program and expects EBITDA margin expansion in 2025. Despite reduced U.S. revenue guidance, the overall sentiment is positive due to strong international growth, strategic acquisitions, and a disciplined investment approach. The Q&A section reinforces confidence with plans for market expansion and product enhancements. Although there is some lack of guidance clarity, the positive factors outweigh the negatives, suggesting a positive stock price reaction.
