Flutter rises on predicting 34% on-year jump in 2025 profit
ReutersMar 5, 2025 8:23 AM
Flutter FLTRF.L gains as much as 3.4% to 21,250p
World's largest online betting co expects to raise core profit by ~34% this year, after 26% growth in 2024, driven by fast-growing and market-leading U.S. brand FanDuel
Sees 2025 core profit between $2.94 billion and $3.38 billion vs record $2.36 billion in 2024
Says 2025 began well, with record number of bets wagered at Super Bowl
Peel Hunt says, "Flutter has had an excellent trading start to FY25, but this has been overshadowed by a stock market decline"
FLTRF down ~1% so far this year, as of last close
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