Flutter Announces Update on Short-Term US Sports Results Impact
Flutter Entertainment plc (FLUT)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (NYSE:FLUT; LSE:FLTR) (“Flutter”), the world's leading online sports betting and iGaming operator today announces a brief update on the impact of US sports results on Q4 2024 trading.Following our Q3 earnings report on November 12, continued strong US player momentum has been offset by a period of very unfavorable US sports results across the remainder of November and in December, primarily on NFL Parlay and Same Game Parlay outcomes. The 2024/2025 NFL season to date has been the most customer friendly since the launch of online sports betting with the highest rate of favorites winning in nearly 20 years.The transitory nature of these results has no impact on the underlying assumptions and guidance expectations communicated at our Investor Day in September1, and we remain confident in the growth drivers and long-term growth trajectory set out at the Investor Day.These customer friendly results generated an estimated adverse gross ga
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News
- Flutter Entertainment plc (NYSE: FLUT) had its price target lowered by analysts at Wells Fargo & Company from $300.00 to $285.00. They now have an "overweight" rating on the stock.MarketBeat
- Flutter Entertainment plc (NYSE: FLUT) had its price target lowered by analysts at Susquehanna from $322.00 to $317.00. They now have a "positive" rating on the stock.MarketBeat
- Flutter Entertainment plc (NYSE: FLUT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $300.00 price target on the stock.MarketBeat
- Flutter Entertainment PLC Announces Update on Short-Term US Sports Results ImpactAccesswire
- Flutter Entertainment plc (NYSE: FLUT) had its price target raised by analysts at JMP Securities from $299.00 to $311.00. They now have a "market outperform" rating on the stock.MarketBeat
FLUT
Earnings
- 11/12/24 - Beat
FLUT
Sec Filings
- 1/7/25 - Form 8-K
- 1/2/25 - Form 3
- 1/2/25 - Form 3
- FLUT's page on the SEC website