IPO Year: 2024
Exchange: NYSE
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/22/2024 | $247.00 | Overweight | Morgan Stanley |
6/4/2024 | $240.00 | Outperform | Oppenheimer |
5/6/2024 | $240.00 | Buy | MoffettNathanson |
4/4/2024 | $210.00 | Equal Weight | Wells Fargo |
2/27/2024 | Equal Weight → Overweight | Barclays |
New appointments bring deep entertainment industry experience to Flutter's Board of Directors Flutter Entertainment ("Flutter") (NYSE:FLUT, LSE: FLTR))), the world's leading online sports betting and iGaming operator of brands including FanDuel, announced the appointment of Christine M. McCarthy and Robert R. ("Dob") Bennett to the Board of Directors, effective July 30, 2024. Ms. McCarthy will sit on the Audit Committee and Mr. Bennett will serve as a member of the Risk and Sustainability Committee. "Christine and Dob's extensive experience in the entertainment industry will be an invaluable asset to Flutter as we continue to extend our leading position as a global online sports betting
Morgan Stanley initiated coverage of Flutter Entertainment with a rating of Overweight and set a new price target of $247.00
Oppenheimer initiated coverage of Flutter Entertainment with a rating of Outperform and set a new price target of $240.00
MoffettNathanson initiated coverage of Flutter Entertainment with a rating of Buy and set a new price target of $240.00
Wells Fargo initiated coverage of Flutter Entertainment with a rating of Equal Weight and set a new price target of $210.00
Barclays upgraded Flutter Entertainment from Equal Weight to Overweight
8-K - Flutter Entertainment plc (0001635327) (Filer)
8-K - Flutter Entertainment plc (0001635327) (Filer)
10-Q - Flutter Entertainment plc (0001635327) (Filer)
8-K - Flutter Entertainment plc (0001635327) (Filer)
8-K - Flutter Entertainment plc (0001635327) (Filer)
8-K - Flutter Entertainment plc (0001635327) (Filer)
8-K - Flutter Entertainment plc (0001635327) (Filer)
8-K - Flutter Entertainment plc (0001635327) (Filer)
S-8 - Flutter Entertainment plc (0001635327) (Filer)
8-K - Flutter Entertainment plc (0001635327) (Filer)
DUBLIN & TORONTO / ACCESSWIRE / August 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q2 2024 results and raises fiscal year 2024 guidance following material Q2 outperformance relative to expectations. Key financial highlights: Three months ended June 30 In $ millions except percentages and average monthly players 2024 2023 YOY Average monthly players (AMPs) ('000s)1 14,344 12,222 +17%Revenue 3,611 3,001 +20%Net income 297 64 +364%Net income margin 8.2% 2.1% +610bps Adjusted EBITDA2,3 738 633 +17%Adjusted EBITDA margin2 20.4% 21.1% (70)bps Diluted earnings per share ($) 1
Flutter Entertainment to Report Second Quarter 2024 Financial Results and Host a Conference Call on August 13, 2024 DUBLIN, IRELAND / ACCESSWIRE / July 30, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its second quarter 2024 financial results after market close on Tuesday, August 13, 2024 at 16:05 ET (21:05 BST). The earnings release and supplementary materials will be available through the "Investors" section of the Flutter website at www.flutter.com.Flutter management will host a conference call on August 13, 2024 at 16:30 ET (21:30 BST) to review the results and be available
Flutter Entertainment Releases First Quarter 2024 Financial ResultsDUBLIN, IRELAND & TORONTO, ONTARIO / ACCESSWIRE / May 14, 2024 /Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, today announced results for Q1 20241.Key financial highlights: Three months ended March 31 In $ millions except percentages and average monthly players 2024 2023 YOY Average monthly players (AMPs) ('000s)2 13,722 12,349 +11% Revenue 3,397 2,918 +16% Net loss (177) (111) (59%) Adjusted EBITDA3,4 514 352 +46% Adjusted EBITDA Margin 3 15.1% 12.1% +310bps Net loss per share($) (1.10) (0.58) (92%) Adjusted earnings per
Flutter Entertainment to Report First Quarter 2024 Financial Results and Host a Conference Call on May 14, 2024 DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / April 23, 2024 / Flutter Entertainment plc ("Flutter") (LSE:FLTR)(NYSE:FLUT), the leading online sports betting and iGaming operator, today announced that it will release its first quarter 2024 financial results on Tuesday, May 14, 2024 at 7:00 a.m. BST (2:00 a.m. ET). The earnings release and supplementary materials will be available through the "Investors" section of the Flutter website at www.flutter.com.Flutter management will host a conference call on May 14, 2024 at 11:30 a.m. BST (06:30 a.m. ET) to review the results and be avai
DUBLIN, IRELAND & TORONTO, ON / ACCESSWIRE / March 26, 2024 / Flutter Entertainment (LSE:FLTR)(NYSE:FLUT), the world's leading online sports betting and iGaming operator, today announced results for fiscal year ended December 31, 2023. Guidance for fiscal year ending 31 December 2024 introduced, with Group revenue growth of 17.5% at the midpoint.Key financial highlights:In $ millions except percentages and AMPsFiscal yearended December, 3120232022YOY Average monthly players ('000s)112,32510,245+20.3% Revenue11,7909,463+24.6% Netloss(1,211)(370)(227.3%) Further AdjustedEBITDA21,8741,289+45.4% Further Adjusted EBITDAMargin215.9%13.6%+230bps Net loss per share$(6.89)$(2.44)(182.4%) Adjuste
On August 20, the Court of First Instance in the country of Georgia ruled in favor of Aviator LLC's copyright and trademark infringement claim against the gaming company Spribe OÜ and Adjarabet, Georgia's largest online casino which is owned by the UK-based company Flutter Entertainment Plc (NYSE:FLUT) (LON: FLTR). The court ruling found copyright and trademark infringement and invalidated trademark registrations based on bad faith registration and copyright infringement, awarding the claimant damages in the amount of $330 million. "We are pleased with the outcome of the court's ruling on this claim, and we will continue to aggressively protect our client's intellectual property from unli
DUBLIN & TORONTO / ACCESSWIRE / August 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q2 2024 results and raises fiscal year 2024 guidance following material Q2 outperformance relative to expectations. Key financial highlights: Three months ended June 30 In $ millions except percentages and average monthly players 2024 2023 YOY Average monthly players (AMPs) ('000s)1 14,344 12,222 +17%Revenue 3,611 3,001 +20%Net income 297 64 +364%Net income margin 8.2% 2.1% +610bps Adjusted EBITDA2,3 738 633 +17%Adjusted EBITDA margin2 20.4% 21.1% (70)bps Diluted earnings per share ($) 1
Flutter Entertainment to Report Second Quarter 2024 Financial Results and Host a Conference Call on August 13, 2024 DUBLIN, IRELAND / ACCESSWIRE / July 30, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its second quarter 2024 financial results after market close on Tuesday, August 13, 2024 at 16:05 ET (21:05 BST). The earnings release and supplementary materials will be available through the "Investors" section of the Flutter website at www.flutter.com.Flutter management will host a conference call on August 13, 2024 at 16:30 ET (21:30 BST) to review the results and be available
New appointments bring deep entertainment industry experience to Flutter's Board of Directors Flutter Entertainment ("Flutter") (NYSE:FLUT, LSE: FLTR))), the world's leading online sports betting and iGaming operator of brands including FanDuel, announced the appointment of Christine M. McCarthy and Robert R. ("Dob") Bennett to the Board of Directors, effective July 30, 2024. Ms. McCarthy will sit on the Audit Committee and Mr. Bennett will serve as a member of the Risk and Sustainability Committee. "Christine and Dob's extensive experience in the entertainment industry will be an invaluable asset to Flutter as we continue to extend our leading position as a global online sports betting
NYSE issuers raise $12 billion as IPO activity builds momentum Welcomes 7 of the 10 largest U.S. transactions The Big Board continues to drive exchange transfers The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported an industry-leading $12 billion in IPO proceeds for the first half of 2024, setting the pace globally as IPO activity regained momentum compared to the prior two years. The NYSE listed 7 of the 10 largest U.S. transactions so far this year, including the two largest IPOs: Viking Holdings (NYSE:VIK) and Amer Sports (NYSE:AS). The exchange also led the re-emergence of technology IPO
DUBLIN, IRELAND / ACCESSWIRE / May 31, 2024 / Flutter's primary listing now on the New York Stock ExchangeFlutter Entertainment plc ("Flutter" or the "Company") (NYSE:FLUT)(LSE:FLTR) announced today that its primary listing is now on the New York Stock Exchange ("NYSE"). This follows the transfer of the Company's listing category on the Official List of the Financial Conduct Authority from "Premium Listing (commercial company)" to "Standard Listing (shares)" as of 08.00 a.m. BST / 03.00 a.m. ET today. The Company's shares remain eligible for and continue to trade on the Main Market of the London Stock Exchange ("LSE") on the Standard Listing segment.Today's announcement follows the passing o
Flutter Entertainment Releases First Quarter 2024 Financial ResultsDUBLIN, IRELAND & TORONTO, ONTARIO / ACCESSWIRE / May 14, 2024 /Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, today announced results for Q1 20241.Key financial highlights: Three months ended March 31 In $ millions except percentages and average monthly players 2024 2023 YOY Average monthly players (AMPs) ('000s)2 13,722 12,349 +11% Revenue 3,397 2,918 +16% Net loss (177) (111) (59%) Adjusted EBITDA3,4 514 352 +46% Adjusted EBITDA Margin 3 15.1% 12.1% +310bps Net loss per share($) (1.10) (0.58) (92%) Adjusted earnings per
Flutter Entertainment to Report First Quarter 2024 Financial Results and Host a Conference Call on May 14, 2024 DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / April 23, 2024 / Flutter Entertainment plc ("Flutter") (LSE:FLTR)(NYSE:FLUT), the leading online sports betting and iGaming operator, today announced that it will release its first quarter 2024 financial results on Tuesday, May 14, 2024 at 7:00 a.m. BST (2:00 a.m. ET). The earnings release and supplementary materials will be available through the "Investors" section of the Flutter website at www.flutter.com.Flutter management will host a conference call on May 14, 2024 at 11:30 a.m. BST (06:30 a.m. ET) to review the results and be avai
As an official partner of Churchill Downs Inc., FanDuel will bring fans unparalleled access all Derby Week with unique betting options, live FanDuel TV coverage and exclusive events NEW YORK, April 22, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, and the only sportsbook app where fans can place a bet on the Kentucky Derby, is sprinting out of the starting gate to help make the 150th "Run for the Roses" the most memorable yet. Through a combination of offers, activations, and industry-leading coverage, FanDuel will provide fans with unparalleled access for the race, on the ground and beyond.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SOFlutter announces the pricing of $525 million aggregate principal amount of 6.375% Senior Secured Notes due 2029 and €500 million aggregate principal amount of 5.000% Senior Secured Notes due 2029DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / April 17, 2024 / Flutter Entertainment plc ("Flutter") (LSE:FLTR)(NYSE:FLUT), today announced the pricing of an offering (the "Offering") of $525 million aggregate principal amount of USD-denominated 6.375% senior secured notes due 2029 (the "USD Notes") and €500 million aggregate principal amount of EUR-denominated 5.000% senior secure
An analyst says sports betting company DraftKings Inc (NASDAQ:DKNG) could have a challenging second quarter report, but remains optimistic ahead of the 2024 NFL season. The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings and lowered the price target from $54 to $50. Read Also: College Football Championship Betting Odds: Can New EA Sports Video Game Predict A Winner? The Analyst Takeaways: Near-term pressure and a potential second-quarter earnings miss could prove difficult for DraftKings, Kelley said. The analyst lowers Q2 EBITDA estimates to $130 million, compared to guidance of $150 million from the company. "We think a 2Q mi
Wells Fargo analyst Daniel Politzer maintains Flutter Entertainment (NYSE:FLUT) with a Equal-Weight and raises the price target from $212 to $218.
Less than a month after a report that Boyd Gaming (NYSE:BYD) was considering a buyout of casino and sports betting operator Penn Entertainment (NASDAQ:PENN), a new bidder has emerged. What Happened: FanDuel’s parent company, Flutter Entertainment (NYSE:FLUT), is considering teaming up with Boyd on a bid for Penn, according to TheDeal.com, citing unnamed sources. Boyd would reportedly acquire the brick-and-mortar casino business from Penn; Flutter would get the digital arm that currently includes the ESPN Bet sportsbook and other assets. After previously launching its sportsbook with Barstool Sports as Barstool Sportsbook, Penn sold the brand back to founder Dave Portnoy. It also ann
Shares of PENN Entertainment (NASDAQ:PENN) traded higher on Thursday with a report linking the company to an acquisition that could change the casino sector. What Happened: Penn Entertainment has been approached by Boyd Gaming (NYSE:BYD) according to a new report from Reuters. The report comes as Penn shares are down 23% year-to-date in 2024 and the company has struggled to grow with its new ESPN Bet online sports betting platform. The deal could face challenges getting off the ground, with Body having a smaller valuation when factoring in debt than Penn. A merger or acquisition of Penn could mark the largest in the gambling space in the United States since the $17.3 billion 2020 deal
Flutter Entertainment (NYSE:FLUT) has outperformed the market over the past 5 years by 7.1% on an annualized basis producing an average annual return of 20.19%. Currently, Flutter Entertainment has a market capitalization of $32.98 billion. Buying $100 In FLUT: If an investor had bought $100 of FLUT stock 5 years ago, it would be worth $250.81 today based on a price of $185.69 for FLUT at the time of writing. Flutter Entertainment's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's
DraftKings Inc (NASDAQ:DKNG) and FanDuel, owned by Flutter Entertainment PLC (NYSE:FLUT), are “rapidly turning” into a sports-betting duopoly, Oppenheimer analyst Jed Kelly says. Both companies exceed Wall Street expectations despite competition from PENN Entertainment Inc (NASDAQ:PENN) and MGM Resorts International (NYSE:MGM), Kelly adds. The Flutter Analyst: Kelly initiated coverage on Flutter with an Outperform rating and price target of $240. FLUT Takeaways: Flutter is attractive given its high market share, Kelly said. “In 1Q, FD/DK combined for ~70% and ~75-80% of US OSB handle and GGR share, and we are expecting these trends staying consistent over the next decade, especi
Oppenheimer analyst Jed Kelly initiates coverage on Flutter Entertainment (NYSE:FLUT) with a Outperform rating and announces Price Target of $240.
Flutter Entertainment Plc (NYSE:FLUT) shares were trading lower in the premarket session on Friday after the company announced the immediate departure of CFO Paul Edgecliffe-Johnson, who will be replaced by Rob Coldrake. The stock has reversed the losses and is trading higher at the last check on Friday Coldrake, the CFO of Flutter’s international business since 2020, will take on a new role focusing on the American market. The international sports betting and gambling company is shifting its primary share listing from London to New York, as the U.S. market has become its most prominent due to relaxed gambling laws that have spurred growth, Bloomberg reports. However, the transit