Flutter executives shared that fourth-quarter revenue increased 14% and fiscal year revenue was up 19%, mostly on the back of US sports betting and icasino.
Executives also reported that for FanDuel in the US, the number of average monthly players grew 7% in the quarter and 13% for the fiscal year. Overall, the tone was enthusiastic as Flutter reported growth across the world during its fourth-quarter earnings call on Tuesday (4 March).
The company reported $156 million (£122 million/€147 million) in fourth-quarter profit and $162 million of it for the year. Both of those numbers were up more than 100% against 2023 and annual revenue increased by 19%. Flutter is in the midst of a share repurchase programme and has plans to buy back $1 billion in stock in 2025.
All the reported numbers matched up to previous guidance. The company pointed to success with its new customisable “Your Way” parlay, which is in beta testing, in addition to touting its ongoing stock buyback as a positive. ..