Freedom Capital initiates Flutter Entertainment at Hold with $105 price target
Flutter Entertainment plc operates as a sports betting and gaming company in the United States, the United Kingdom, Ireland, Australia, Italy, and internationally. It provides sportsbooks; iGaming products, such as blackjack, roulette, slot machines, poker, and rummy, as well as lottery products; and sports betting products, which include Betfair betting exchanges, daily fantasy sports, and horse racing wagering under the TVG brand. The company offers sports betting and gaming services through fanduel.com, tvg.com, betfair.com, paddypower.com, and paddypower.ie, sportsbet.com.au, pokerstars.com, betfair.com, sisal.it, maxbet.rs, and adjarabet.com websites under the FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, TVG, Adjarabet, and MaxBet brands, as well as live poker tours and events. It also provides business-to-business pricing and risk management services. The company was formerly known as Paddy Power Betfair plc and changed its name to Flutter Entertainment plc in 2019. Flutter Entertainment plc was incorporated in 1958 and is headquartered in New York, New York.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $14.05B | $11.79B | $9.46B | $8.31B | $6.04B | $2.73B |
| Cost of Revenue | $7.35B | $6.20B | $4.81B | $3.88B | $2.10B | $1.16B |
| Gross Profit | $6.70B | $5.59B | $4.65B | $4.43B | $3.93B | $1.57B |
| Gross Margin | 47.71% | 47.40% | 49.14% | 53.29% | 65.13% | 57.57% |
| Operating Expenses | $5.83B | $6.14B | $4.74B | $4.88B | $3.79B | $1.36B |
| Operating Income | $869.00M | $-549.00M | $-88.00M | $-449.00M | $141.54M | $215.86M |
| Operating Margin | 6.19% | -4.66% | -0.93% | -5.40% | 2.34% | 7.91% |
| Net Income | $109.00M | $-1.22B | $-432.00M | $-923.00M | $51.83M | $183.71M |
| Net Margin | 0.78% | -10.36% | -4.57% | -11.11% | 0.86% | 6.73% |
| EPS (Basic) | $0.24 | $-6.90 | $-2.44 | $-5.24 | $0.40 | $2.39 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A |