March 26 (Reuters) - Flutter Entertainment PLC FLTRF.L :
- FLUTTER - FY REVENUE +24.6% YEAR/YEAR TO $11.79BN, AVERAGE MONTHLY PLAYERS (AMPS) +20.3% TO 12.3M
- FLUTTER - FY FURTHER ADJUSTED EBITDA (ADJUSTED EBITDA EX-SHARE-BASED COMPENSATION) +45.4% YEAR/YEAR TO $1.87BN
- FLUTTER - US FY REVENUE +40.7% AND FIRST YEAR OF POSITIVE FURTHER ADJUSTED EBITDA OF $167M DESPITE Q4 CUSTOMER FRIENDLY RESULTS
- FLUTTER - EX-US ADJUSTED FY EBITDA OF $1,613M, WHICH ON AN IFRS BASIS WAS £1,444M IN LINE WITH PREVIOUS IFRS GUIDANCE
- FLUTTER - FY $1.2BN NET LOSS: IMPACTED BY $1,681M NON-CASH CHARGES - $725M POKERSTARS TRADEMARK IMPAIRMENT; (II) $791M ACQUIRED INTANGIBLES AMORTIZATION; $165M FAIR VALUE CHANGE ON FOX OPTION LIABILITY
- FLUTTER - FY FURTHER ADJUSTED EBITDA MARGIN ACCRETION +230BPS TO 15.9%, DESPITE ONGOING US INVESTMENT
- FLUTTER - REVENUE +23.4% FOR FIRST 11 WEEKS TO 17 MARCH, DRIVEN BY US REVENUE +55.6% THROUGH RECORD SUPERBOWL ENGAGEMENT
- FLUTTER - STRONG UKI PERFORMANCE IN 2024 ADDED 2 PERCENTAGE POINTS OF GGR MARKET SHARE TO 30%
- FLUTTER - FANDUEL BECAME THE # 1 BRAND IN US IGAMING IN JAN; REMAINS THE CLEAR #1 US SPORTSBOOK
- FLUTTER - GROUP EX-US REVENUE +6.3% SO FAR IN 2024: UKI +17.3%, INTERNATIONAL +3.0% IMPACTED BY UNFAVORABLE SPORTS RESULTS AND AUSTRALIA -8.8%
- FLUTTER - US REVENUE $5.8BN TO $6.2BN, +36.3% YEAR/YEAR AT MIDPOINT, FURTHER ADJUSTED EBITDA $635M TO $785M, +206.1% AT MIDPOINT
- FLUTTER - GROUP EX US REVENUE $7.65BN TO $8.05BN, +6.3% YEAR/YEAR AT MIDPOINT, GROUP EX US FURTHER ADJUSTED EBITDA $1.63BN TO $1.83BN, +5.4% MIDPOINT
- FLUTTER - GUIDANCE FOR THE FULL YEAR 2024 INTRODUCED WITH IMPLIED GROUP REVENUE GROWTH OF 17.5% AND FURTHER ADJUSTED EBITDA GROWTH OF 30.2% AT MIDPOINT
- FLUTTER - MEDIUM-TERM LEVERAGE RATIO TARGET UPDATED TO 2-2.5X (FROM PREVIOUS TARGET OF 1-2X) TO REFLECT GROUP EARNINGS AND CASHFLOW POTENTIAL
- FLUTTER - SEEN SOFTNESS IN AUSTRALIAN RACING MARKET PERSISTING THROUGH 2024, ALONG WITH INCREASED REGULATORY COSTS, TO REDUCE AUS PROFITABILITY FURTHER
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