LONDON (ShareCast) - (Sharecast News) - Flutter Entertainment said the current year had started on the front foot on Wednesday, despite a slew of customer-friendly sports results, putting it on track to boost both revenues and earnings.
The sports betting and gaming giant - which owns Paddy Power, FanDuel, BetFair and PokerStars, among others - said 2025 had started "well".

In the US, its core market, Flutter said the amount of money wagered on its sites had "stepped up" from the fourth quarter, in line with expectations.

It continued: "Sports results have been broadly neutral year-to-date, with a positive outcome on Super Bowl LIX offset by customer-friendly sports results in January.

"Performance outside the US reflects the strong fourth-quarter customer base carried into the first quarter."

Flutter is forecasting full-year revenues of between $15.48bn and $16.38bn in 2025. Adjusted earnings before interest, tax, depreciation and amortisation are expected to come in between $2.94bn and £3.38bn.

Peter Jackson, chief executive, said: "We have had a great start to 2025, including record levels of customer engagement for the Super Bowl, where FanDuel had 3m active customers placing 17.7m bets with $470m wagered on the day.

"I am excited to build on this strong momentum."

In January, Flutter - the world's largest online betting company - warned that US profits in 2024 would be impacted by an unprecedented streak of customer-friendly results in American football.

Despite that, group revenues still increased by 14% to $3.8bn in the last three months of 2024, while average monthly players rose 7%. Adjusted EBITDA sparked 4% to $655m.

In the year to December end, AMP grew 13%, while revenues improved 19% at $14.0bn and adjusted EBITDA jumped 26% at $2.4bn.

Net income was $162m, compared to 2023's $1.21bn loss, when Flutter was hit by impairment charges.

Richard Hunter, head of markets at Interactive Investor, said: "The group has reported an encouraging start to the year. This also extends to its regions outside of the US, underpinning the additional boost the group receives from geographical as well as business diversity.

"The previous quarter provided a reminder that adverse sporting results can hinder both margin and profits, given a series of NFL results which were the most customer-friendly set of outcomes in a season since the launch of online better 20 years previously.

"That said, the results and indeed prospects have swept that particular concern aside."

Flutter, which has its registered head office in Dublin, switched its primary listing to New York last year.

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