| Flutter Entertainment PLC (IE00BWT6H894) | |||
205,20 GBXStand (close): 03.07.25 |
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| Datum / Uhrzeit | Titel | Bewertung |
| 17.04.25 13:17:02 | Should You Invest in Flutter Entertainment plc (FLUT)? |  |
| Oakmark Funds, advised by Harris Associates, released its “Oakmark International Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. For the quarter ended March 31, 2025, the fund's Investor Share Class returned 7.88% compared to the MSCI World ex USA Index’s 6.20% return. Since its inception, the fund returned 8.37% compared to a 6.07% return for the index. Financials and health care sector contributed to the fund’s performance in the quarter, while communication services and information technology detracted. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Oakmark International Fund highlighted stocks such as Flutter Entertainment plc (NYSE:FLUT). Flutter Entertainment plc (NYSE:FLUT) is a sports betting and gaming company. The one-month return of Flutter Entertainment plc (NYSE:FLUT) was -6.00%, and its shares gained 25.31% of their value over the last 52 weeks. On April 16, 2025, Flutter Entertainment plc (NYSE:FLUT) stock closed at $227.18 per share with a market capitalization of $40.15 billion. Oakmark International Fund stated the following regarding Flutter Entertainment plc (NYSE:FLUT) in its Q1 2025 investor letter: "Flutter Entertainment plc (NYSE:FLUT) is the world's largest online gambling company, boasting a portfolio of premier online sports betting and casino brands including FanDuel, Sportsbet, Pokerstars and Paddy Power. The company commands the number one market position across the vast majority of its revenue base driven by its best-in-class product. We appreciate that online gambling favors scaled players and believe that management has Flutter well-positioned to capitalize on strong secular growth tailwinds as the penetration of online gambling continues to increase. A recent sell-off in the share price provided the opportunity to buy shares in a company led by a management team that is renowned for top-notch execution and capital allocation." Flutter Entertainment plc (NYSE:FLUT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 98 hedge fund portfolios held Flutter Entertainment plc (NYSE:FLUT) at the end of the fourth quarter which was 69 in the previous quarter. While we acknowledge the potential of Flutter Entertainment plc (NYSE:FLUT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. Story Continues We covered Flutter Entertainment plc (NYSE:FLUT) in another article, where we shared the list of best casino stocks to buy according to billionaires. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. View Comments |
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| 10.04.25 11:37:54 | 3 Intriguing Stock Opportunities Estimated To Be Trading Up To 31.1% Below Intrinsic Value |  |
| In a dramatic turn of events, the United States stock market experienced significant gains as major indices soared following President Trump's announcement of a 90-day pause on tariffs. This volatility presents an opportunity for investors to explore stocks that may be trading below their intrinsic value, offering potential for growth amidst the current economic landscape. Top 10 Undervalued Stocks Based On Cash Flows In The United States Name Current Price Fair Value (Est) Discount (Est) CareTrust REIT (NYSE:CTRE) $27.41 $54.76 49.9% NBT Bancorp (NasdaqGS:NBTB) $40.45 $78.70 48.6% Semrush Holdings (NYSE:SEMR) $9.14 $18.17 49.7% First Reliance Bancshares (OTCPK:FSRL) $9.35 $18.55 49.6% Vericel (NasdaqGM:VCEL) $44.24 $86.05 48.6% Veracyte (NasdaqGM:VCYT) $32.62 $64.53 49.4% Elastic (NYSE:ESTC) $83.35 $163.03 48.9% Zillow Group (NasdaqGS:ZG) $64.96 $128.27 49.4% BioLife Solutions (NasdaqCM:BLFS) $22.79 $44.51 48.8% CNX Resources (NYSE:CNX) $29.35 $57.33 48.8% Click here to see the full list of 183 stocks from our Undervalued US Stocks Based On Cash Flows screener. We'll examine a selection from our screener results. Flutter Entertainment Overview: Flutter Entertainment plc is a sports betting and gaming company with operations in the United States, the United Kingdom, Ireland, Australia, Italy, and internationally, and has a market cap of approximately $37.67 billion. Operations: The company's revenue is derived from several segments: $5.80 billion from the US, $3.60 billion from the UK and Ireland, $1.40 billion from Australia, and $3.26 billion internationally. Estimated Discount To Fair Value: 31.1% Flutter Entertainment is trading at US$236.67, significantly below its estimated fair value of US$343.58, suggesting undervaluation based on discounted cash flow analysis. The company has recently become profitable with net income reaching US$43 million in 2024, compared to a loss the previous year. Earnings are forecast to grow substantially at 45.6% annually, outpacing the broader market's growth expectations and indicating strong future cash flow potential despite recent board changes and index adjustments. Our comprehensive growth report raises the possibility that Flutter Entertainment is poised for substantial financial growth. Get an in-depth perspective on Flutter Entertainment's balance sheet by reading our health report here.NYSE:FLUT Discounted Cash Flow as at Apr 2025 Nu Holdings Overview: Nu Holdings Ltd. operates a digital banking platform across several countries including Brazil, Mexico, and Colombia, with a market capitalization of approximately $48.04 billion. Operations: The company's revenue from its digital banking operations is approximately $5.51 billion. Story Continues Estimated Discount To Fair Value: 22.6% Nu Holdings is currently trading at US$10.92, below its fair value estimate of US$14.11, highlighting potential undervaluation based on cash flow analysis. The company reported significant earnings growth with net income reaching nearly US$2 billion in 2024, up from just over US$1 billion the previous year. Despite a high level of bad loans at 7.8%, earnings are expected to grow significantly at 24% annually, surpassing market expectations and indicating robust future cash flows. According our earnings growth report, there's an indication that Nu Holdings might be ready to expand. Dive into the specifics of Nu Holdings here with our thorough financial health report.NYSE:NU Discounted Cash Flow as at Apr 2025 Onto Innovation Overview: Onto Innovation Inc. designs, develops, manufactures, and supports process control tools for optical metrology and inspection globally, with a market cap of approximately $5.20 billion. Operations: The company's revenue is primarily generated from its Semiconductor Equipment and Services segment, totaling $987.32 million. Estimated Discount To Fair Value: 30.4% Onto Innovation is trading at US$133.37, significantly below its estimated fair value of US$191.7, suggesting potential undervaluation based on cash flows. Recent earnings reports show strong growth with net income rising to US$201.67 million in 2024 from US$121.16 million the previous year, and earnings are forecasted to grow at an annual rate of 24.79%. Despite some share price volatility and lower projected revenue growth than desired, the company's financial health remains robust. Our growth report here indicates Onto Innovation may be poised for an improving outlook. Click here to discover the nuances of Onto Innovation with our detailed financial health report.NYSE:ONTO Discounted Cash Flow as at Apr 2025 Where To Now? Get an in-depth perspective on all 183 Undervalued US Stocks Based On Cash Flows by using our screener here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Want To Explore Some Alternatives? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:FLUTNYSE:NU and NYSE:ONTO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com View Comments |
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| 09.04.25 16:12:00 | Regulatory Approval Achieved For Snai Acquisition | |
| Flutter Entertainment PLC Regulatory approval achieved for Snai acquisition, enhancing Flutter's position in Italy, Europe's largest regulated market NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (NYSE: FLUT; LSE: FLTR) ("Flutter") the world's leading online sports betting and iGaming operator today announces that it has received all necessary antitrust, gaming and regulatory confirmations to acquire Snaitech S.p.A. ("Snai"), one of Italy's leading omni-channel operators. The acquisition of Snai fully aligns with Flutter's strategy to invest in leadership positions in attractive international markets, creating value through providing access to Flutter's market leading products and capabilities. Adding Snai to the Flutter portfolio will consolidate Flutter's leadership position in Italy and create a position of increased scale to capitalize on the growth opportunity in Europe's largest regulated market. As previously announced, Flutter will acquire Snai from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of €2.3b. Flutter expects the transaction to be completed by the end of April and will provide a further update as part of is first quarter results on May 7, 2025. About Flutter Entertainment plc Flutter is the world's leading online sports betting and iGaming operator, with a market leading position in the US and across the world. Our ambition is to leverage our significant scale and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global competitive advantages of the Flutter Edge, which gives our brands access to group-wide benefits to stay ahead of the competition, as well as our clear vision for sustainability through our Positive Impact Plan. Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games and Adjarabet. We are the industry leader with $14,048m of revenue globally for fiscal 2024, up 19% YoY, and $3,792m of revenue globally for the quarter ended December 31, 2024. Contacts: Investor Relations: Media Relations: Paul Tymms, Investor Relations Kate Delahunty, Corporate Communications Ciara O'Mullane, Investor Relations Rob Allen, Corporate Communications Chris Hancox, Investor Relations Lindsay Dunford, Corporate Communications Email: investor.relations@flutter.com Email: corporatecomms@flutter.com Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. In some cases, you can identify these forward-looking statements by the use of words such as "outlook", "believe(s)", "expect(s)", "potential", "continue(s)", "may", "will", "should", "could", "would", "seek(s)", "predict(s)", "intend(s)", "trends", "plan(s)", "estimate(s)", "anticipates", "projection", "goal", "target", "aspire", "will likely result", and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties and there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The ability to predict results or actual effects of our plans and strategies is inherently uncertain. Accordingly, actual results may differ materially from those expressed in, or implied by, the forward-looking statements. Story Continues Factors that could cause Flutter's results to differ materially from those described in the forward-looking statements can be found in Part I, "Item 1A. Risk Factors" of Flutter's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as filed with the Securities and Exchange Commission (the "SEC") and other periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Flutter undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. View Comments |
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| 01.04.25 14:13:17 | How Wall St. Darling Flutter Entertainment (FLUT) Offers Recession Resistance | |
| By arguably most measures, gaming juggernaut Flutter Entertainment (FLUT)—perhaps best known for its market-leading U.S. brand FanDuel—represents a risky venture. As exciting as sports betting is, the underlying economy suffers from significant challenges. That’s not great for consumer sentiment, which could easily weigh on this Wall St. darling with a unanimous buy rating from 20 different analysts. Nevertheless, nuanced data points suggest that the contrarian argument could win out. Therefore, I am bullish on Flutter. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter.Flutter Entertainment (FLUT) vs. S&P 500 (SPY) Solid Fundamentals Build the Case for FLUT Stock To be blunt, investors have no shortage of concerns to consider, from the Trump administration’s tariffs and subsequent trade wars to the blistering surge in gold prices. Essentially, this framework implies that consumers are reducing their discretionary spending. Such a backdrop naturally bodes poorly for enterprises like Flutter. Nevertheless, management is issuing a different narrative: “Historically, our business has been very strong in the face of challenges from a consumer economics perspective, so we’ve always been quite defensive from that perspective,” Flutter CEO Peter Jackson told Reuters in an interview. “We’re a growth business. I think that even in the face of these sorts of macro and global challenges, the business will continue progressing,” Jackson emphasized. Of course, as the head executive of a major publicly traded company, one would expect a positive framing of the underlying business. However, the difference between Jackson’s conviction and the typical corporate cheerleading is the data. Profit margins are climbing.Flutter Entertainment (FLUT) revenue, earnings and profit margin history It’s generally known that gambling expenditures enjoy growth during economic expansions but stagnate during recessions. Interestingly, though, an April 2024 report by The City University of New York revealed that despite Americans feeling glum about the economy, their gambling behaviors belie their beliefs. Per the research, “[c]onsumer sentiment reached a record low in July 2022, and while it has improved somewhat since then, it is still nowhere near its pre-pandemic level. Yet gambling has surged. Spending on sports betting went up almost 50% since last year, and spending in casinos and on lottery tickets went up nearly 10%.” The underlying economy may actually be stronger than it appears. Until the willingness to spend on discretionary pleasures like gambling noticeably fades, FLUT stock may be an opportunity when it encounters volatility. Apparently, management isn’t seeing gambling trends diminish — quite the opposite. Story Continues Keep in mind that FLUT stock currently trades at 2.93x its trailing 12-month (TTM) sales. One year ago, this metric was slightly higher at 2.96x. With experts pounding the table, this could be a discount hiding in plain sight. Two Ways to Approach Flutter Entertainment For speculative traders who prefer simplicity over complexity, the current price level of FLUT stock may represent an attractive entry point. From a technical perspective, the bulls will surely attempt to drive the price toward the prior high of nearly $300. Fundamentally, the gambling market has proven surprisingly resilient. Therefore, it wouldn’t be out of the question for Flutter stock to rise. For those who want to dial in their speculation, they may turn to options trading. One factor that isn’t discussed as often as it should be is that FLUT stock commands an upward bias. Using pricing data from January 2019, a long position held for any given eight-week period has a nearly 60% chance of being profitable. Further, assuming the positive scenario, the median return over these eight weeks is 11.67%.Flutter Entertainment (FLUT) Options Chain and Prices The next available options chain for FLUT stock expires on April 17, about three weeks away. Based on prior market trends, it’s not unreasonable to assume that FLUT could hit $240 by expiration. This would roughly align the equity with its 20-day exponential moving average. Those who want to place this wager may consider the 230/240 bull call spread. The above transaction involves buying the $230 call and simultaneously selling the $240 call, both for the same April 17 expiration date. In this trade, the proceeds from the short call partially offset the debit paid for the long call. Should FLUT stock hit the short strike price at expiration, the maximum payout is nearly 82%. Traders seeking even greater payouts may consider the 240/250 bull call spread expiring May 16. The mechanics are identical to the aforementioned trade, except that FLUT must reach $250 or above at expiration. Still, if this event materializes, the maximum payout is nearly 144%. Is FLUT a Good Stock to Buy? On Wall Street, FLUT stock carries a unanimous Strong Buy consensus rating based on 20 Buy, zero Hold, and zero Sell ratings over the past three months. FLUT’s average price target of $320.71 per share implies almost 48% upside potential over the next twelve months.See more FLUT analyst ratings FLUT Stock Offers a Surprising Contrarian Opportunity At first glance, given broader economic headwinds, Flutter Entertainment would appear to be a dubious wager. However, fundamental data demonstrates that sentiment is surprisingly robust, at least as far as the gaming industry is concerned. Because of this dynamic, the recent fallout in FLUT stock could represent a buying opportunity, both from long-term investment and short-term trading perspectives. Disclosure. Disclaimer & DisclosureReport an Issue View Comments |
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| 31.03.25 03:15:57 | Jim Cramer Remains Optimistic About Flutter Entertainment plc (FLUT) – A Terrific Company! | |
| We recently published a list of Jim Cramer Put These 16 Stocks Under a Microscope. In this article, we are going to take a look at where Flutter Entertainment plc (NYSE:FLUT) stands against other stocks that Jim Cramer put under a microscope. On Thursday, Jim Cramer, the host of Mad Money, shared his thoughts on the president’s recent stance against the “false free trade era,” expressing his agreement with the shift away from free trade. “Yes, I’m not a big fan of free trade. Yes, I feel that our country has been abused by our so-called trading partners, especially when it comes to cars. And yes, I favor the 25% tariff on automobile imports. Close watchers of the show know that this is not a new view for me. I’ve seen China devastate entire industries in this country.” READ ALSO: Jim Cramer Commented on These 8 Stocks Recently and Jim Cramer Discussed These 9 Stocks Recently Cramer said that America made a “deal with the devil” in the 1990s by allowing the influx of cheap goods from overseas. He noted that while there is nothing inherently wrong with affordable products, the trade-off has been the decimation of American industries and the devastation of factory towns across the country. Cramer observed that the loss of manufacturing jobs has been a major concern. He noted that while the decision to import cheap goods may have seemed like a good deal at the time, in retrospect, it has led to significant societal and economic damage. He added: “Now the president has declared that false free trade era is over, and I’m on board with this even as I wish he could lay out a clear plan rather than rolling out the tariffs one by one.” He emphasized that if America wanted to bring back manufacturing jobs, sacrifices would be required, including the imposition of tariffs. The most important point for Cramer was the acknowledgment that these jobs, along with the many ancillary positions tied to them, had been lost, but there might be a chance for some of them to return. “Factory jobs may not be as important these days as every other kind of job, frankly but when we look around our country at all these gutted small towns that have led to such despair, such drug use, such homelessness, the bargain for cheap goods, I think it’s a mistake. I’m glad the White House is finally going full speed in the opposite direction. It’s about time.” Our Methodology For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 27. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds. Story Continues Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Jim Cramer Remains Optimistic About Flutter Entertainment plc (FLUT) – A Terrific Company! Flutter Entertainment plc (NYSE:FLUT) Number of Hedge Fund Holders: 98 A caller asked what Cramer thought of Flutter Entertainment plc (NYSE:FLUT) and he said: “I like Flutter…. I like Flutter. This group is sold off. I think it’s sold off too great and I think Flutter is a terrific company. Actually, I think it’s a really, really good company, but I like it… I’m sticking by that.” Flutter (NYSE:FLUT) is a sports betting and gaming company offering a variety of products, including sportsbooks, iGaming, lottery services, and sports betting through multiple online platforms and brands. It also provides business-to-business pricing and risk management services. On March 6, UBS increased its price target for FLUT to $340 from $335 while maintaining a Buy rating on the stock. The firm expects strong performance in iGaming revenues, net win margin, and gross margin, with potential gross margin growth driven by the reversal of unfavorable sports outcomes, operational leverage, and improved payment processing efficiencies, factors not yet “baked in” Flutter’s (NYSE:FLUT) current guidance, according to the analyst’s report. Overall, FLUT ranks 2nd on our list of stocks that Jim Cramer put under a microscope.While we acknowledge the potential of FLUT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLUT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. View Comments |
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| 25.03.25 12:40:18 | Flutter Entertainment updates reportable segment finanical data | |
| https://www.tipranks.com/news/the-fly/flutter-entertainment-updates-reportable-segment-finanical-data Flutter Entertainment (FLUT) is updating its reportable segments to reflect the way the company now manages operations and allocates resources. These changes have no impact on Flutter’s historical consolidated financial position or results. Effective from the first quarter of 2025, Flutter will report two segments: US: comprising the FanDuel brand and unchanged from the US segment as reported in 2024; Flutter International: comprising all other Flutter brands. This will align with previously reported UK & Ireland, Australia and International segments combined. Flutter International will exclude unallocated corporate overhead. To provide investors with historical information on a basis consistent with its new reporting structure, Flutter sets out recast financial information for 2024, reflecting the new reportable segments and the new regional revenue breakdown for Flutter International. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on FLUT: Questions or Comments about the article? Write to editor@tipranks.com Flutter Entertainment Updates Segment Reporting Structure for 2025 Flutter Entertainment Advances Share Buyback Program Flutter Entertainment Advances Share Buyback Strategy Flutter Entertainment Aligns Executive Compensation with Performance Targets Flutter Entertainment PLC: Strategic Initiatives and Market Opportunities Drive Buy Rating View Comments |
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| 24.03.25 12:18:00 | Flutter Entertainment: Updated Reportable Segment Financial Data | |
| Flutter Entertainment PLC Flutter Entertainment publishes historical financial data to reflect 2025 segment reporting changes DUBLIN and TORONTO, March 24, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment ("Flutter") (NYSE:FLUT, LSE:FLTR), the leading online sports betting and iGaming operator, announced on March 4, 2025 that it is updating its reportable segments to reflect the way the company now manages operations and allocates resources. These changes have no impact on Flutter's historical consolidated financial position or results. Effective from the first quarter of 2025, Flutter will report two segments: US: comprising the FanDuel brand and unchanged from the US segment as reported in 2024 Flutter International: comprising all other Flutter brands. This will align with previously reported UK & Ireland, Australia and International segments combined. Flutter International will exclude unallocated corporate overhead. To provide investors with historical information on a basis consistent with its new reporting structure, Flutter sets out recast financial information for 2024, reflecting the new reportable segments and the new regional revenue breakdown for Flutter International in Appendix 1. Recast financial information including quarterly data for all periods from 2021-2024 is also available on the Flutter website at www.flutter.com/investors/results-reports-and-presentations/year/2025. This document can be found under "Q4 KPI pack new segments" with the updated information provided in tabs two and nine. The recast financial information does not represent a restatement of previously issued financial statements. About Flutter Entertainment plc Flutter is the world's leading online sports betting and iGaming operator, with leading positions in markets across the world, including the US. Our ambition is to leverage our significant scale and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global competitive advantages of the Flutter Edge, which gives our brands access to group-wide benefits to stay ahead of the competition, as well as our clear vision for sustainability through our Positive Impact Plan. Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Tombola, Betfair, MaxBet, Junglee Games and Adjarabet. Story Continues To learn more about Flutter, please visit our website at www.flutter.com. Enquiries Investor Relations: Investor.relations@flutter.com Media Relations: corporatecomms@flutter.com Appendix 1 The following table presents Flutter's recast segment revenue information. Additional KPIs including average monthly players, handle and sportsbook net revenue margin continue to be available for the segments in our quarterly KPI pack on the Flutter website at www.flutter.com/investors/results-reports-and-presentations/year/2025 under "Q4 KPI pack new segments": ($ in millions) Year ended December 31, 2024 U.S. Sportsbook 4,013 iGaming 1,524 Other 261 U.S. segment revenue 5,798 International Sportsbook 3,816 iGaming 4,130 Other 304 International segment revenue 8,250 Total reportable segment revenue 14,048 The following table presents the International segment revenue by region: ($ in millions) Year ended December 31, 2024 UK & Ireland1 3,599 Southern Europe and Africa2 1,593 Asia Pacific3 1,547 Central and Eastern Europe4 531 Brazil5 69 Other regions6 911 Total International segment revenue 8,250 UK & Ireland ("UKI"): remaining unchanged from the segment previously disclosed. This represents Sky Bet, Paddy Power and Betfair UK and Ireland operations as well as the tombola brand Southern Europe and Africa ("SEA"): comprising the Italian operations of our Sisal and PokerStars brands as well as Sisal's business in Turkey and Morrocco. On completion, Snai revenue will be reported here Asia-Pacific ("APAC"): including our Sportsbet business in Australia and Junglee in India Central and Eastern Europe ("CEE"): comprising Adjarabet in Georgia and Armenia together with MaxBet in Serbia, Bosnia Herzegovina, North Macedonia and Montenegro Brazil: reflecting our Betfair operations in the region. On completion, NSX revenue will be reported here Other regions: comprising PokerStars' non-Italian operations and Betfair's non-Brazilian business The following table shows the significant segment expense categories included in segment profit and loss together with adjusted EBITDA by segment. As noted above, the changes to our segment reporting above have no impact on Flutter's historical consolidated financial position and therefore have no impact on Flutter's Group adjusted EBITDA or its reconciliation to net income (loss), the most comparable GAAP financial measure. ($ in millions) Year ended December 31, 2024 U.S. Revenue 5,798 Cost of sales1 3,353 Technology, research and development expenses2 270 Sales & marketing expenses3 1,278 General and administrative expenses4 390 Total U.S. adjusted EBITDA 507 International Revenue 8,250 Cost of sales1 3,571 Technology, research and development expenses2 403 Sales & marketing expenses3 1,394 General and administrative expenses4 817 Total International adjusted EBITDA 2,065 Reportable segment cost of sales excludes amortization of certain capitalized development costs, share-based compensation of revenue-associated personnel and restructuring and integration cost directly associated with revenue-generating activities. Reportable segment technology, research and development expenses excludes share-based compensation for technology developers and product management employees, depreciation and amortization related to computer equipment and software not directly associated with revenue earning activities and restructuring and integration costs. Reportable segment sales and marketing expenses exclude amortization of trademarks and customer relations, share-based compensation expenses of sales and marketing personnel and restructuring and integration costs. Reportable segment general and administrative expenses exclude share-based compensation for executive management, finance administration, legal and compliance, and human resources, depreciation and amortization, transaction fees and associated costs and restructuring and integration costs. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. View Comments |
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| 23.03.25 16:45:24 | Is Flutter Entertainment plc (FLUT) the Best Casino Stock to Buy According to Billionaires? | |
| We recently compiled a list of the 10 Best Casino Stocks to Buy According to Billionaires.In this article, we are going to take a look at where Flutter Entertainment plc (NYSE:FLUT) stands against the other casino stocks. The casino industry has rebounded strongly from the COVID-19 pandemic, due to pent-up demand from gamblers and visitors returning to popular places such as Las Vegas. Brick-and-mortar casinos make a substantial profit from hotel operations, conventions, and other events in addition to the revenues that they make from slot machines and table games. Casino stocks are categorized as consumer discretionary since tourism and gambling spending are strongly correlated with the overall economic condition. According to Market Research Future, the global casino market is projected to grow from $309.54 billion in 2024 to $511.6 billion by 2032, with a compound annual growth rate (CAGR) of 6.48% over the forecast period (2024-2032). Furthermore, in 2023, the casino market was estimated to be worth $290.7 billion. Regionally, the Asia Pacific Casino market dominates the industry due to the growing availability of online casinos and the average individual’s income. The North American casino market has the second-largest market share due to the legalization of sports betting and the approval of online gambling in the region. Furthermore, the UK casino market grew at the quickest rate in the European region, while the German casino industry held the largest market share. Macquarie analyst Chad Beynon recently highlighted the significant market reaction to casino industry earnings even though the results were essentially in line with forecasts. After five years of underperformance, the industry saw double-digit stock increases due to improving sentiment, potential interest rate drops, and solid early-year trends. Although Macau’s recovery is still below pre-pandemic levels, gaming revenue is projected to rise by 8% in 2025, outperforming the U.S. market’s flat-to-2% growth. Chinese New Year activity was consistent rather than volatile, showing a healthy demand trend. By bypassing the costs of licensing and regulations, new event-based contracts may pose a threat to established operators. However, Beynon believes that licensed operators will fight back, as they did against sweepstakes and illegal betting. Investor confidence was strengthened by generally favorable remarks regarding recent trends, even if some companies decided not to provide updates during the quarter. The industry is now seen more favorably by analysts after years of weak performance. Story Continues Apart from analysts, there are also billionaire investors who remain bullish on the casino stocks. Ken Fisher’s Fisher Asset Management, with a portfolio worth more than $252 billion, has invested in two renowned casino stocks. In Q4 of 2024, Fisher invested more than $201 million and owned more than 2.3 million shares in a high-end casino and hotel operator in the United States. Fisher’s confidence in the market’s long-term potential is proven by the fact that the stock makes up 0.07% of his portfolio. In the same quarter, Fisher also made an investment of more than $153 million in an American multinational hospitality, sports, and entertainment company. Meanwhile, in Q4 of 2024, Billionaire Carl Icahn’s Icahn Capital LP, which has a $7.4 billion portfolio, showed its trust in the industry by investing over $82 million in the largest casino-entertainment firm in the United States.10 Best Casino Stocks to Buy According to Billionaires. A casino floor with multiple gaming tables and slot machines illuminated by neon lights. Our Methodology For this article, we scanned Insider Monkey’s Q4 2024 proprietary database of billionaires’ stock holdings and identified casino stocks from the list. These companies are involved in operating casinos, online gaming platforms, sports betting, and resort entertainment. From there, we picked the top 10 stocks with the highest number of billionaires having a stake in them. Where two or more stocks were tied on billionaire sentiment, we used the dollar value of billionaire holdings as a tiebreaker between them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Flutter Entertainment plc (NYSE:FLUT) Number of Billionaires: 19 Billionaire Holdings: 3,237,009,330 The Best Casino Stock, Flutter Entertainment plc (NYSE:FLUT) is also the world’s largest sports betting and iGaming operator, with 13.9 million average monthly players globally in 2024. It was launched in 2016 and is headquartered in New York City. The firm has established a narrow moat that extends over the US, UK, Australia, and other international markets, including Italy, by turning its top technology and product offering into a strong global brand. In Q4 of 2024, Flutter Entertainment plc (NYSE:FLUT)’s revenue reached $3.79 billion, a 14% rise over the previous year, indicating great financial growth. Following a net loss of $902 million in Q4 2023, the firm reported a net income of $156 million, marking a dramatic turnaround. Free cash flow rose by a remarkable 175% to $473 million, while adjusted EBITDA increased by 4% year over year to $655 million. Moreover, earnings per share improved significantly, showing the company’s improved profitability and operational efficiency as it went from a loss of $5.14 per share in Q4 2023 to a positive $0.45 per share in Q4 2024. In 2024, Flutter Entertainment plc (NYSE:FLUT) reported a 26% growth in adjusted EBITDA and a 19% YoY rise in revenue. It has cemented its position as the industry leader in the United States, with a 43% GGR market share in online sportsbooks and a 26% share in iGaming. Through the acquisition of MaxBet and the successful launches of FanDuel in North Carolina and Vermont, the company has also made notable progress abroad. The firm is continually innovating with new products like the FanDuel Reward Machine, Same Game Parlay, and Flutter Edge, which have all led to tremendous growth and increased consumer engagement. Overall, FLUT ranks 1st on our list of the Best Casino Stocks to Buy According to Billionaires. While we acknowledge the potential for FLUT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLUT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. View Comments |
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| 21.03.25 20:52:25 | Is Flutter Entertainment plc (FLUT) The Best Entertainment Stock to Buy According to Billionaires? | |
| We recently compiled a list of the 10 Best Entertainment Stocks to Buy According to Billionaires. In this article, we are going to take a look at where Flutter Entertainment plc (NYSE:FLUT) stands against the other entertainment stocks. The entertainment industry is a global and fast-growing sector that encompasses film, music, social media, games, and live events. According to a report by The Business Research Company, the entertainment and media market was valued at $2.67 trillion in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 7.4% during 2025-2029 to reach a value of more than $3.82 trillion by the end of the forecast period. In 2024, the largest region in the entertainment and media market was North America. READ ALSO: 10 Cheap Technology Stocks to Buy According to Hedge Funds and 10 Worst Performing Fintech Stocks to Buy According to Analysts. The industry is rapidly evolving thanks to technological advancements, changing consumer preferences, and global connectivity. The internet and mobile devices continue to make entertainment more accessible around the world. These factors ensure continued growth within the industry. Entertainment companies are innovating their business models to stay competitive, especially as streaming services become more popular. Advertising is also becoming a key strategy for entertainment and media companies. New technologies like AI, VR, and AR continue to revolutionize content creation and consumption. Moreover, the gaming sector is expected to grow in the coming years and this should support further growth in the entertainment industry. These trends offer significant growth potential, especially for entertainment companies involved in gaming and streaming. Methodology To compile our list of the 10 best entertainment stocks to buy according to billionaires, we looked for the biggest entertainment companies. We also reviewed our own rankings, financial media reports, ETFs, and stock screeners to compile a list of the best entertainment stocks. Next, we focused on the top 10 entertainment stocks most favored by billionaires. Data for the number of billionaire investors for each stock was taken from Insider Monkey’s Q4 2024 database. Finally, the 10 best entertainment stocks to buy were ranked in ascending order based on the number of billionaires holding stakes in them as of Q4 2024. Additionally, we mentioned the hedge fund sentiment surrounding each stock, which was taken from Insider Monkey’s Q4 2024 database of more than 1,000 elite hedge funds. Story Continues Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Is Flutter Entertainment plc (FLUT) The Best Entertainment Stock to Buy According to Billionaires? A close-up of a customer playing a gambling game on a computer tablet. Flutter Entertainment plc (NYSE:FLUT) Number of Billionaire Investors: 19 Number of Hedge Fund Holders: 98 Flutter Entertainment plc (NYSE:FLUT) is one of the world’s largest sports entertainment and gambling companies. It owns and operates a diverse portfolio of online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games, and Adjarabet. Flutter Entertainment plc (NYSE:FLUT) ranks among the best entertainment stocks to invest in according to billionaires. On March 5, BTIG analysts reiterated a ‘Buy’ rating for Flutter Entertainment plc (NYSE:FLUT) with a price target of $323 after the company’s Q4 2024 results came in line with expectations. The guidance for revenue and EBITDA outside the US aligned with prior estimates, considering new US state launches and acquisitions of NSX and Snai for the company’s international operations. Analysts estimate that 2025 EBITDA for non-US operations could potentially exceed current guidance of $1.75 to $1.95 billion by $50 million after considering the impact of acquisitions in Q2 2025. Despite a conservative outlook for US sportsbook handle growth, BTIG expects over 30% year-over-year growth in FanDuel sportsbook Net Gaming Revenue and strong iGaming trends. Overall, FLUT ranks 3rd on our list of the best entertainment stocks to buy according to billionaires. While we acknowledge the potential of FLUT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLUT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. View Comments |
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| 18.03.25 22:19:33 | Is Flutter Entertainment plc (FLUT) the Top Stock to Buy According to Marshall Wace LLP? | |
| We recently published a list of Top 10 Stocks to Buy According to Marshall Wace LLP. In this article, we are going to take a look at where Flutter Entertainment plc (NYSE:FLUT) stands against other top stocks to buy according to Marshall Wace LLP. Marshall Wace LLP is a prominent British hedge fund established in 1997 by Paul Marshall and Ian Wace. Headquartered in London, the firm has grown to become one of the world’s leading hedge funds. The firm operates as a unified global team, dedicated to fostering long-term client relationships built on trust and integrity, with a culture centered on continuous innovation and improvement. Sir Paul Roderick Clucas Marshall, known simply as Paul Marshall, serves as the chairman and chief investment officer of Marshall Wace. Born in London, England, he studied history and modern languages at St John’s College, Oxford before earning an MBA from INSEAD Business School in Fontainebleau, France. Prior to co-founding Marshall Wace, Marshall was the Head of European Equities at Mercury Asset Management. Beyond finance, Marshall is best known as a philanthropist and media baron. He expanded his influence into media by owning UnHerd and The Spectator and co-owning GB News. His philanthropic efforts are equally notable; he was named the top donor on The Sunday Times Giving List in 2024 after donating a hefty sum to various causes including the London School of Economics to establish the Marshall Institute. He was knighted in the 2016 Birthday Honours for his contributions to education and philanthropy. Politically, Marshall was initially a member and donor of the Liberal Democrats, co-editing the influential Orange Book in 2004 alongside key party figures. However, his stance shifted in 2015 when he left the party due to his support for Brexit. He later became a major donor to the Brexit campaign and the Conservative Party. His ownership of UnHerd and GB News has positioned him as a significant right-wing media figure in the UK. Ian Gerald Patrick Wace serves as the firm’s chief executive officer and chief risk officer. Despite not holding a college degree, he has achieved exceptional success in the finance industry, earning recognition as “perhaps the only person without a college degree to ever qualify” for Institutional Investor’s Rich List. Wace began his career at S.G. Warburg & Co., where he spent 11 years and became the firm’s youngest director at the age of 25. His rapid ascent continued as he was appointed head of European equity sales in 1988, head of proprietary trading in 1993, and head of international trading in 1994. In 1995, he joined Deutsche Morgan Grenfell as head of equity and derivative trading, further establishing his expertise in the financial sector before co-founding Marshall Wace in 1997. Story Continues Marshall Wace LLP manages quantitative, systematic, and fundamental investment strategies, with a primary focus on long/short equity. These strategies are implemented on a global scale, utilizing proprietary systems and processes to optimize performance. For over two decades, technology and data have been central to the firm’s operations. In 2002, Marshall Wace introduced MW TOPS, its Trade Optimized Portfolio System and the world’s first ‘Alpha Capture’ application. This revolutionized the way investment insights were harnessed and contributed largely to its prominence in the hedge fund industry. Today, the firm remains committed to innovation and excellence, continuously refining its methodologies to maintain a competitive edge in the financial markets. Despite its success, Marshall Wace has faced recent challenges; in the fiscal year ending February 2024, the firm’s revenues declined substantially, leading to a nearly 64% drop in profits. Marshall Wace LLP’s Q4 2024 13F filing reported over $83 billion in managed 13F securities, with its top 10 holdings accounting for 34.5% of the total portfolio. Our Methodology The stocks discussed below were picked from Marshall Wace LLP’s Q4 2024 13F filings. They are compiled in the ascending order of the hedge fund’s stake in them as of December 31, 2024. To assist readers with more context, we have included the hedge fund sentiment regarding each stock using data from over 1,000 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Is Flutter Entertainment plc (FLUT) the Top Stock to Buy According to Marshall Wace LLP? Paul Marshall of Marshall Wace Flutter Entertainment plc (NYSE:FLUT) Number of Hedge Fund Holders as of Q4: 98 Marshall Wace LLP’s Equity Stake: $636 Million The world’s largest sports betting and iGaming operator with 13.9 million Average Monthly Players worldwide in 2024, Flutter Entertainment plc (NYSE:FLUT) was founded in 2016 and is based in New York City. The company delivered strong financial performance in Q4 2024, with revenue reaching $3.79 billion, marking a 14% increase compared to the previous year. The company reported a net income of $156 million, a significant turnaround from a net loss of $902 million in Q4 2023. Adjusted EBITDA rose by 4% year-over-year to $655 million, while free cash flow surged by an impressive 175% to $473 million. Earnings per share also improved substantially, shifting from a loss of $5.14 per share in Q4 2023 to a positive $0.45 per share in Q4 2024, demonstrating the company’s enhanced profitability and operational efficiency. In line with its strategic priorities, Flutter Entertainment plc (NYSE:FLUT) undertook key financial initiatives in 2024, including a share repurchase program that returned $121 million to shareholders in Q4 alone, with plans to reach $1 billion in buybacks by 2025. The company also reduced its total debt by $320 million, lowering its leverage ratio from 3.1 to 2.2. Furthermore, Flutter announced major acquisitions in Brazil and Italy, with NSX and Snai set to join its portfolio in Q2 2025. These moves highlight the company’s commitment to strengthening its global footprint while maintaining financial discipline. Looking ahead, Flutter Entertainment plc (NYSE:FLUT) expects continued growth in 2025, with projected revenue between $15.48 billion and $16.38 billion and adjusted EBITDA ranging from $2.94 billion to $3.38 billion. Its dominance in the U.S. market, coupled with international expansion and financial prudence, positions the company for long-term success. As a leader in the growing sports betting and iGaming industry, Flutter Entertainment remains a top stock to buy for investors seeking exposure to a high-growth sector with strong financial fundamentals. Overall, FLUT ranks 10th on our list of top stocks to buy according to Marshall Wace LLP. While we acknowledge the potential for FLUT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLUT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. View Comments |
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