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 +0.65% change in stock price 10 days leading up to the earnings, and a +9.73% change 10 days following the report. On the earnings day itself, the stock moves by +1.64%. This data can give you a slight idea of what to expect for the next quarter's release.
FLUT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.25B
--
-10.05%
Gross Margin
46.06%
--
-6.34%
Operating Margin
2.99%
--
-70.74%
Net Margin
-3.51%
--
-142.70%
EPS
-0.58
--
-139.46%
No Data Available
FLUT Earnings Analysis
Flutter Entertainment plc Corporation (FLUT.N) Earnings Conference Call
Positive
Strong Q3 Revenue Growth: Flutter delivered strong Q3 performance with revenue growth of 27%, reflecting continued execution against strategic priorities.
EBITDA Growth Surge: The Group's adjusted EBITDA grew by 74% to $450 million, driven by strong performance across all segments.
Handle Growth Surge: The NFL season started off great for FanDuel, helping drive handle growth of 36% overall in the quarter.
Customer Acquisition Increase: Customer acquisition was up 10% compared to the prior year, validating the investment strategy focused on building a large business.
Future Growth Prospects: The Group is well positioned for future growth, with a strong pipeline of product innovations and market expansions planned.
Negative
Net Loss Analysis: The Group generated a net loss of $114 million in the third quarter, primarily due to amortization of acquired intangibles of $128 million and a $121 million loss on the fair value of the Fox Option.
US Business EBITDA Inflection: The adjusted EBITDA inflection of our US business reflects the adjusted EBITDA inflection of our US business.
Cost of Sales Performance: The cost of sales for the third quarter was 58.9% as a percentage of revenue, ahead of our expectations, primarily driven by the impact of the positive sports results.
Free Cash Flow Decline: Free cash flow was $112 million versus $434 million in the prior year, indicating a significant decrease in cash generation.
Loss Per Share Improvement: The diluted loss per share improved year-over-year; however, the strong financial performance of the Group was offset by the amortization of acquired intangibles.
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FLUT Earning Call Sentiment
Flutter Entertainment plc (FLUT) Q3 2024 Earnings Call Transcript
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00:00
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FLUT.N
-1.71%Positive
The earnings call presents a mixed outlook. Positive aspects include strong financial performance with increased revenue and net income, an optimistic growth outlook, and a substantial share buyback program. However, regulatory issues, competitive pressures, and supply chain challenges pose significant risks. Additionally, management's lack of specificity on customer retention and regulatory impacts raises concerns. The updated guidance for 2024 is a positive indicator, but the uncertainties balance out the positives, leading to a neutral sentiment.