Flutter Entertainment plc announced on September 25, 2024, that it expects to more than double its core profit by 2027. The company targets revenue of approximately $21 billion in 2027, representing a compound annual growth rate of 14%, based on the midpoint of its U.S. and Rest of World guidance.
The company projects an adjusted EBITDA of over $5 billion by 2027, with an anticipated adjusted EBITDA margin expansion of 700 basis points. This outlook underscores Flutter's confidence in its ability to drive significant profitable growth, particularly through its market-leading position in the U.S. online sports betting and iGaming market.
In a move to return capital to shareholders, Flutter's Board authorized a share repurchase program of up to $5 billion, expected to be deployed over the next three to four years. This program is slated to launch following the company's third-quarter earnings report in November 2024, demonstrating a commitment to enhancing shareholder value.
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