Flutter Entertainment announced its fourth-quarter and full-year 2024 financial results on March 4, 2025, reporting a strong finish to the year and positive outlook for 2025. For Q4 2024, adjusted earnings per share (EPS) came in at $2.94, significantly beating estimates of $1.73, while revenue reached $3.79 billion, slightly below the $3.82 billion Wall Street expected.
The company swung to a net income of $156 million in Q4 2024 from a net loss of $902 million in Q4 2023, with adjusted EBITDA increasing 4% to $655 million. Average monthly players (AMPs) rose 7% to 14,605. For the full year 2024, Flutter reported a net income of $162 million, a substantial turnaround from a $1.21 billion net loss in 2023, with adjusted EBITDA up 26% to $2.36 billion and revenue rising 19% to $13.90 billion.
U.S. revenue grew 14% in Q4 despite customer-friendly NFL results, driven by a 14.5% sportsbook structural gross revenue margin and 43% iGaming revenue growth. Ex-U.S. revenue also increased by 14%. For fiscal year 2025, Flutter provided guidance projecting 13% revenue growth and 34% adjusted EBITDA growth at the midpoint, with U.S. revenue and adjusted EBITDA mid-points of $7.72 billion and $1.4 billion, respectively, representing significant year-over-year increases.
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