Flutter FY2023 revenue $11.79B (+24.6%); US turns positive Adj EBITDA; 2024 guides 17.5% rev growth

Flutter Entertainment plc

Revenue $11.79B (+24.6% YoY); net loss $1.211B due to $725M PokerStars impairment and $791M amortization.
US segment revenue $4.48B (+40.7%) with first full-year positive Adjusted EBITDA of $65M.
Adjusted EPS $3.51 (+25.8%); Group Further Adjusted EBITDA $1.874B (+45.4%).
2024 guidance: US revenue $5.8-6.2B; US Further Adj EBITDA $635-785M; Group ex-US revenue $7.65-8.05B.
Q1 to Mar 17, 2024: Group revenue +23.4%, US +55.6%; NYSE primary listing shareholder vote May 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Flutter Entertainment plc reported fiscal year ended December 31, 2023 results: revenue 11,790, net income (1,211), EPS $(6.89).

Period: fiscal year ended December 31, 2023
Revenue: 11,790
Net income: (1,211)
EPS: $(6.89)
Result: reported results

Exact text from the filing

Key financial highlights: In $ millions except percentages and AMPs Fiscal year ended December, 31 2023 2022 YOY Average monthly players (‘000s) 1 12,325 10,245 +20.3 % Revenue 11,790 9,463 +24.6 % Net loss (1,211 ) (370 ) (227.3 %) Further Adjusted EBITDA 2 1,874 1,289 +45.4 % Further Adjusted EBITDA Margin 2 15.9 % 13.6 % +230bps Net loss per share $ (6.89 ) $ (2.44 ) (182.4 %) Adjusted Earnings per share ($) 2 $ 3.51 $ 2.79 +25.8 %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Flutter Entertainment plc updated its fiscal year ending December 31, 2024 guidance (initiated).

Period: fiscal year ending December 31, 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Guidance for fiscal year ending 31 December 2024 introduced, with Group revenue growth of 17.5% at the midpoint.

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Source: SEC EDGAR

accession 0001193125-24-076962

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