Betting giant Flutter Entertainment posted a $162 million (€152 million) profit for 2024 amid a jump in revenue as its US continued to grow rapidly.
The Dublin-based firm, which counts Paddy Power and Betfair among its brands as well as FanDuel in the US, said revenue increased 19 per cent for the year, to $14 billion.
Average monthly players, a key metric for the betting industry, rose 13 per cent to 13.9 million.
“FanDuel remains America’s number one sportsbook with its leading product maintaining a clear structural revenue margin advantage over competitors,” chief executive Peter Jackson said in a statement. “ Outside of the US, our commitment to first-to-market product innovation led to market share gains in key markets including the UK and Italy, while in Australia, we saw encouraging trends in our player base,” he added.
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The UK and Irish business saw revenue jump 20 per cent during the year to $963 million, while adjusted earnings before interest, tax, depreciation and amortization rose 17 per cent to $319 million.
“We have had a great start to 2025, including record levels of customer engagement for the Super Bowl where FanDuel had 3 million active customers placing 17.7 million bets with $470 million wagered on the day,” Jackson said.
The group is forecasting 2025 revenue to come in at between $15.48 billion and $16.38 billion, with adjusted ebitda seen at between $2.94 billion and $3.38 billion.
