Flutter Entertainment Reports Strong Fiscal 2024 Earnings

Flutter Entertainment has shown a significant turnaround with fiscal 2024 net income of $162 million, highlighting strong performance and growth in revenue. The company's adjusted earnings per share jumped to $7.27, reflecting robust profitability.

Date: 05-03-2025

AI Rating: 8

Earnings Assessment: Flutter Entertainment reported remarkable improvements in its financial metrics for fiscal 2024. The net income surged to $162 million, a notable recovery from a loss of $1.2 billion the previous year. This drastic change in net income shows a positive trend, indicating improved financial health and operational success.

The profit per share also reflected this positive trajectory, rising to $0.24 as opposed to a loss of $6.89 in the prior fiscal year. The adjusted earnings per share saw an even more impressive increase, climbing from $4.42 to $7.27. This signifies a substantial enhancement in profitability from operations.

Revenue Growth: Revenue has notably improved, with a substantial increase to $14.05 billion from $11.79 billion. This growth of approximately 19.2% illustrates Flutter's ability to generate higher sales and open new revenue streams.

In the fourth quarter, the company continued its strong performance with net income of $156 million, recovering from a loss of $902 million in the previous year. The profit per share similarly rose to $0.45 from a loss of $5.14, while revenue increased to $3.79 billion from $3.31 billion.

Future Outlook: Looking ahead, Flutter expects revenue in a range of $15.48 billion to $16.38 billion for 2025, alongside an expected adjusted EBITDA range of $2.94 billion to $3.38 billion. These projections suggest continued growth and a positive outlook for the company.

Stocks: FLTR