Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Flutter shakes off customer-friendly results to bet on strong 2025
(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.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
