Flutter Entertainment plc (FLUT) Income Statement Analysis

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Complete financial analysis of Flutter Entertainment plc (FLUT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flutter Entertainment plc, a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.

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Flutter Entertainment plc (FLUT)

Industry: Gambling, Resorts & Casinos

Sector: Consumer Cyclical

Website: https://www.flutter.com

About Flutter Entertainment plc

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; lottery; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services. In addition, the company operates HRTV, a horseracing television network. Further, it provides sports betting and gaming services through paddypower.com, betfair.com, sportsbet.com.au, tvg.com, us.betfair.com, fanduel.com, adjarabet.com, pokerstars.com, Skybet.com, tombola.com, and sisal.com websites under the FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, FOX Bet, TVG, Stardust, Junglee Games, and Adjarabet brands, as well as live poker tours and events. The company was formerly known as Paddy Power Betfair plc and changed its name to Flutter Entertainment plc in 2019. The company was incorporated in 1958 and is headquartered in Dublin, Ireland.

Metric	2023	2022	2021	2020	2019
Revenue	11.79B	9.46B	8.31B	6.04B	2.83B
Cost of Revenue	6.20B	4.81B	3.88B	2.10B	861.32M
Gross Profit	5.59B	4.65B	4.43B	3.93B	1.97B
Gross Profit Ratio	47.40%	49.14%	53.29%	65.13%	69.62%
Research & Development	765.00M	552.00M	634.00M	260.38M	115.25M
General & Administrative	1.60B	1.17B	1.42B	0.00	0.00
Selling & Marketing	3.78B	3.01B	2.82B	0.00	0.00
SG&A	5.37B	4.19B	4.24B	2.69B	1.41B
Other Expenses	0.00	0.00	0.00	835.83M	249.71M
Operating Expenses	6.14B	4.74B	4.88B	3.79B	1.77B
Cost & Expenses	12.34B	9.55B	8.76B	5.89B	2.64B
Interest Income	45.00M	7.00M	7.00M	1.91M	1.32M
Interest Expense	430.00M	219.00M	222.00M	191.75M	17.22M
Depreciation & Amortization	1.29B	1.08B	1.01B	820.65M	292.76M
EBITDA	653.00M	987.00M	561.00M	1.18B	514.64M
EBITDA Ratio	5.54%	14.34%	13.36%	19.68%	19.96%
Operating Income	-549.00M	-88.00M	-449.00M	141.54M	198.57M
Operating Income Ratio	-4.66%	-0.93%	-5.40%	2.34%	7.00%
Total Other Income/Expenses	-542.00M	-207.00M	-114.00M	-140.03M	-18.81M
Income Before Tax	-1.09B	-295.00M	-563.00M	1.50M	179.76M
Income Before Tax Ratio	-9.25%	-3.12%	-6.78%	0.02%	6.34%
Income Tax Expense	120.00M	75.00M	194.00M	48.96M	31.53M
Net Income	-1.22B	-432.00M	-923.00M	51.83M	190.76M
Net Income Ratio	-10.36%	-4.57%	-11.11%	0.86%	6.73%
EPS	-6.90	-2.44	-5.24	0.40	2.39
EPS Diluted	-6.90	-2.44	-5.24	0.39	2.38
Weighted Avg Shares Out	177.00M	177.00M	176.00M	132.98M	80.31M
Weighted Avg Shares Out (Dil)	177.00M	177.00M	176.00M	132.85M	80.33M

FanDuel CEO Amy Howe on maintaining market share and the changing media landscape

October 8, 2024youtube.com

Amy Howe, FanDuel CEO, joins CNBC's 'Power Lunch' to discuss FanDuel's continued expansion, how it is adapting to the changing media landscape, and more.

Flutter Entertainment Stock Up 10% in a Month: Should You Buy Now?

October 3, 2024zacks.com

FLUT is experiencing strong momentum, driven by its leadership through FanDuel, which commands nearly 40% of the U.S. sports betting and iGaming market.

FanDuel Donates $175,000 to Four Local Organizations to Support Hurricane Recovery Efforts in Georgia

October 3, 2024prnewswire.com

ATLANTA , Oct. 3, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a $175,000 donation to four Georgia organizations, Greater Valdosta United Way (GVUW), United Way of Toombs, Montgomery and Wheeler Counties, Second Harvest Foodbank...

FanDuel Donates $1 Million to UNCF to Support Students from North Carolina HBCUs

October 1, 2024prnewswire.com

Donation comes after this year's launch of mobile sports betting in the state and marks the fourth $1 million FanDuel donation to UNCF NEW YORK , Oct. 1, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today...

IGT Named FanDuel Sportsbooks' Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years

September 26, 2024prnewswire.com

IGT PlaySports and FanDuel Group team up for retail sports betting through 2028 LONDON , Sept. 26, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America's...

Flutter CEO discusses the US sports betting market

September 25, 2024youtube.com

The US sports betting industry has exploded in recent years, with platforms like FanDuel leading the charge. As the NFL season kicks off, Peter Jackson, CEO of Flutter (FLUT) (FanDuel's parent company), joins Yahoo Finance reporter Josh Schafer to discuss...