Flutter Entertainment’s Impressive Financial Performance in Q4 2024 and Full Year 2024: A Game-Changer in the Online Sports Betting and iGaming Industry
New York, NY – March 04, 2025 – Flutter Entertainment, the global leader in online sports betting and iGaming, unveiled its Q4 and full year 2024 financial results, showcasing remarkable growth and strategic execution. The following highlights illustrate the company’s unparalleled scale and success.
Financial Highlights
The three-month period ending December 31, 2024, reported an average monthly player base (AMPs) of 14,605 thousand, a 7% increase from the previous year. Revenue surged to $3,792 million, representing a 14% year-over-year (YOY) growth. Net income rebounded significantly, reporting a positive figure of $156 million, up from a loss of $902 million in 2023. The net income margin improved to 4.1%, a significant increase from the previous year’s 27.2%. Adjusted EBITDA also grew by 26% YOY, reaching $2,357 million.
FY 2024 Highlights
Flutter Entertainment’s full-year 2024 performance underscored its global leadership. The company experienced a 13% increase in AMPs and a 19% surge in revenue. FanDuel extended its leadership position in the US market, becoming the number one operator for both sportsbook and iGaming. Flutter’s ex-US portfolio expanded with the addition of MaxBet and substantial growth from local heroes in the UK and Italy. The company achieved significant earnings transformation, with net income increasing by 113% and Adjusted EBITDA growing by 26%. Flutter’s cash conversion was excellent, with net cash provided by operating activities totaling $1.6 billion. The balance sheet was further strengthened, with a leverage ratio of 2.2x, down from 3.1x at the end of 2023. The company commenced a share repurchase program, returning $121 million in Q4 2024, with an expected $1 billion in 2025.
Q4 2024 Overview
The Q4 2024 results demonstrated encouraging growth, with a 7% increase in AMPs, a 14% increase in revenue, and an 117% increase in net income. These figures position Flutter exceptionally well for 2025.
Impact on Individuals
For individuals interested in the online sports betting and iGaming industry, Flutter Entertainment’s impressive financial performance signifies potential growth opportunities. As a leading player in the market, Flutter is likely to continue innovating and expanding, potentially creating jobs and investing in new technologies. Additionally, the company’s successful execution of its strategic initiatives could lead to increased competition, driving innovation and better user experiences in the industry.
Impact on the World
On a larger scale, Flutter Entertainment’s financial results could have significant implications for the online sports betting and iGaming industry as a whole. The company’s success in the US market, particularly with FanDuel, could lead to increased competition and innovation in that space. Additionally, Flutter’s expansion in the UK and Italy highlights the growing global demand for online sports betting and iGaming. As more countries consider regulating these industries, companies like Flutter could capitalize on this trend, potentially driving economic growth and job creation.
Conclusion
Flutter Entertainment’s Q4 and full year 2024 financial results demonstrate the company’s unparalleled scale, strategic execution, and global leadership in the online sports betting and iGaming industry. The company’s impressive growth figures and strategic initiatives position it well for continued success in 2025 and beyond. For individuals and the world, Flutter’s achievements could lead to increased opportunities, innovation, and economic growth in the online sports betting and iGaming sector.
- Flutter Entertainment reports impressive Q4 and full year 2024 financial results
- Company achieves significant growth in AMPs, revenue, net income, and Adjusted EBITDA
- FanDuel extends leadership position in US market
- Ex-US portfolio expands with MaxBet and local heroes in the UK and Italy
- Significant earnings transformation and excellent cash conversion
- Strong momentum carried into 2025
- Impact on individuals: potential growth opportunities and increased competition
- Impact on the world: increased demand for online sports betting and iGaming
