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City AM (11 Jul 2025)
Flutter market cap hit $51bn after completing FanDuel takeover
FLUTTER ENTERTAINMENT’s market value has reached $51bn (£38bn) after it agreed to buy the final 5% stake in FanDuel from Boyd Gaming for $1.55bn, valuing FanDuel at $31bn. The deal cements Flutter’s full ownership of the sportsbook operator, which may be short-lived if Fox Corporation exercises its option to buy an 18.6% stake at below-market value before 2030. Boyd will continue to benefit through fixed fees from FanDuel’s mobile betting and online casino operations in multiple US states. The acquisition is expected to close by Q3 2025.City AM (05 Mar 2025)
Flutter Entertainment posts strong growth despite challenging sports results
FLUTTER ENTERTAINMENT saw a 14% rise in Q4 revenue, driven by strong performance in the UK, Ireland, and the US, despite challenging sports outcomes. Its UK and Ireland division posted 20% growth, fuelled by a 31% increase in sportsbook revenue and a 16% rise in iGaming. This growth was driven by a combination of product innovation and favourable sports outcomes, particularly in the English Premier League. In the US, revenue grew by 14% as FanDuel retained its position as the top sportsbook and iGaming operator, offsetting lower sportsbook margins. This helped Flutter achieve a 117% surge in net income to $156m (£121.88m) for the quarter. CEO Peter Jackson credited the company’s "Flutter Edge" strategy for its success, highlighting innovation and market share gains in key regions. Looking ahead, Flutter forecasts 13% revenue growth in 2025, with major gains anticipated in its US business.