IPO Year: 2024
Exchange: NYSE
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/8/2024 | $306.00 | Buy | UBS |
10/14/2024 | $300.00 | Buy | BofA Securities |
10/14/2024 | $224.00 → $295.00 | Equal Weight → Overweight | Wells Fargo |
9/26/2024 | $255.00 → $300.00 | Outperform | Oppenheimer |
9/23/2024 | $270.00 | Buy | Needham |
9/12/2024 | $263.00 | Overweight | Barclays |
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 |
Flutter Entertainment announces launch of first tranche of share repurchase program DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / November 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces that it has entered into non-discretionary arrangements with Goldman Sachs & Co LLC to repurchase ordinary shares on Flutter's behalf for an aggregate maximum consideration of up to $350 million on the New York Stock Exchange (the "Buyback"). The Buyback will commence November 14, 2024, on the New York Stock Exchange, and will end no later than 31 March 2025.The purpose of the Buyback is to reduce the share capital of Flutter
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER ASSIMILATED REGULATION (EU) NO. 596/2014 WHICH IS PART OF THE LAWS OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) NEW YORK, NY / ACCESSWIRE / November 12, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q3 2024 results, and a small raise to fiscal year 2024 Group guidance. Share repurchase program to commence on November 14, 2024. Key financial highlights:In $ millions except percentages and average monthly playersThree months ended September 3020242023YOY Average monthly players (AMPs) ('000s)112,92011,139+
Flutter Entertainment to Report Third Quarter 2024 Financial Results and Host a Conference Call on November 12, 2024DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / October 25, 2024 / Flutter Entertainment ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024 at 4:05 p.m. ET (9:05 p.m. GMT). 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 Tuesday, November 12, 2024 at 4:30 p.m. ET (9:30 p.m.
The American Gambling Awards today announced that Amy Howe, FanDuel Group CEO, has been named C-Suite Executive of the Year for the 2024 American Gambling Awards. Since taking on the role in 2021, Howe has been instrumental in driving the company's growth and innovation in a rapidly evolving market. The American Gambling Awards, produced by Gambling.com Group Limited (NASDAQ:GAMB) ("Gambling.com Group" or the "Group"), honor the top companies and executives shaping the regulated U.S. online gambling landscape and are recognized as a benchmark for excellence in the sector. "Winning the American Gambling Awards C-Suite Executive of the Year is a huge honor," said Amy Howe, CEO of FanDuel. "
Bally Sports Will Become FanDuel Sports Network on October 21 SOUTHPORT, Conn. and NEW YORK, Oct. 18, 2024 /PRNewswire/ -- Diamond Sports Group ("Diamond") and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: Exclusive right to name Diamond's 16 regional sports networks ("RSNs") and Diamond's digital offerings, including the direct to consumer ("DTC") product, as FanDuel Sports Network;linear and digital media placement and integration opportunities across all live NBA, NHL and MLB gam
Bally Sports Will Become FanDuel Sports Network on October 21 Diamond Sports Group ("Diamond") and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241018023472/en/(Graphic: Business Wire) Exclusive right to name Diamond's 16 regional sports networks ("RSNs") and Diamond's digital offerings, including the direct to consumer ("DTC") product, as FanDuel Sports Network; Linear and digital media placement and integration opportunities across all live NBA, NHL and MLB games on FanDuel Sports N
The American Gambling Awards today announced FanDuel, North America's premier online gaming company, has been named Online Sportsbook of the Year for the 2024 American Gambling Awards. Defending its title as America's #1 Sportsbook, this recognition marks FanDuel's third consecutive win in this competitive category, reflecting its exceptional customer experience and continued growth in the sports betting landscape. The American Gambling Awards, produced by Gambling.com Group Limited (NASDAQ:GAMB) ("Gambling.com Group" or the "Group"), honor the top companies and executives shaping the regulated U.S. online gambling landscape and are recognized as a benchmark for excellence in the sector.
FanDuel odds now available on NBA League Pass as part of opt-in viewing experience NEW YORK, Oct. 15, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Basketball Association (NBA), is tipping off the NBA season by bringing back a promotion to provide fans with a three-month subscription to NBA League Pass. Fans who opt-in can also view an enhanced broadcast experience featuring live odds from FanDuel during NBA League Pass games. Between October 15 and October 28, new customers who bet $5 on FanD
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 of South Georgia, and Golden Harvest Food Bank INC, supporting hurricane relief efforts throughout impacted communities in southern Georgia. "FanDuel is a proud employer in Georgia and is devastated to see the damage across communities many of our team members call home," said Alison Kutler, Vice Pres
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 announced a fourth $1 million donation supporting the UNCF (United Negro College Fund) whose mission is to build a robust and nationally recognized pipeline of under-represented students who, because of UNCF support, become highly qualified college graduates. The donation will financially support students at 11 historically Black colleges and universities (HBCUs) across North Carolina.
UBS initiated coverage of Flutter Entertainment with a rating of Buy and set a new price target of $306.00
BofA Securities resumed coverage of Flutter Entertainment with a rating of Buy and set a new price target of $300.00
Wells Fargo upgraded Flutter Entertainment from Equal Weight to Overweight and set a new price target of $295.00 from $224.00 previously
Oppenheimer reiterated coverage of Flutter Entertainment with a rating of Outperform and set a new price target of $300.00 from $255.00 previously
Needham initiated coverage of Flutter Entertainment with a rating of Buy and set a new price target of $270.00
Barclays initiated coverage of Flutter Entertainment with a rating of Overweight and set a new price target of $263.00
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
NEW YORK, Sept. 16, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, announced it has appointed Caralyn Cooley as the company's new Chief People Officer (CPO). Cooley will join FanDuel's Executive Leadership Team (ELT) reporting to CEO Amy Howe. In her role as CPO, Cooley will be responsible for the continued acceleration of FanDuel's people strategy reflecting the company's extraordinary growth trajectory. Cooley joins FanDuel as a seasoned multi-time CPO, with deep experience scaling global operations, shaping unique cultures and guiding teams through periods of intense growth. She will assume leadership of FanDuel's people organization inclusive of human resour
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
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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
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER ASSIMILATED REGULATION (EU) NO. 596/2014 WHICH IS PART OF THE LAWS OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) NEW YORK, NY / ACCESSWIRE / November 12, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q3 2024 results, and a small raise to fiscal year 2024 Group guidance. Share repurchase program to commence on November 14, 2024. Key financial highlights:In $ millions except percentages and average monthly playersThree months ended September 3020242023YOY Average monthly players (AMPs) ('000s)112,92011,139+
Flutter Entertainment to Report Third Quarter 2024 Financial Results and Host a Conference Call on November 12, 2024DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / October 25, 2024 / Flutter Entertainment ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024 at 4:05 p.m. ET (9:05 p.m. GMT). 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 Tuesday, November 12, 2024 at 4:30 p.m. ET (9:30 p.m.
Addition of Snai enhances Flutter's gold medal position in attractive Italian market DUBLIN & TORONTO, ON / ACCESSWIRE / September 17, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter")the world's leading online sports betting and iGaming operatortoday announces that it has agreed to acquire Snaitech S.p.A. ("Snai"), one of Italy's leading omni-channel operators, from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of €2.3b1. The acquisition fully aligns with Flutter's strategy to invest in leadership positions in international markets. We expect the transaction to close by Q2 2025 and it is expected to be immediately accretive to earnings p
NEW YORK / ACCESSWIRE / September 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter"), the world's leading online sports betting and iGaming operator today announces the acquisition of an initial 56% stake in NSX Group ("NSX"), a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350m 1 .The transaction fully aligns withFlutter'sstrategy to invest in leadership positions in international markets, securing a podium position for Flutter on completion in the regulating and fast-growing Brazilian market. NSX is the number 4 operator in Brazil 2 , with a portfolio of brands which include the flagship Betnacional brand. On a standalone basis
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
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