Flutter entertainment reports fourth quarter 2024 financial results

New york, march 04, 2025 (globe newswire) -- flutter entertainment (nyse:flut; lse:fltr), the world's leading online sports betting and igaming operator, announces q4 and full year 2024 results and introduces 2025 guidance. key financial highlights: in $ millions except where stated otherwise three months ended december 31 fiscal year ended december 31 2024   2023   yoy 2024   2023   yoy               average monthly players (amps) (‘000s)1 14,605   13,588   +7 % 13,898   12,325   +13 % revenue 3,792   3,313   +14 % 14,048   11,790   +19 % net income (loss) 156   (902 ) +117 % 162   (1,211 ) +113 % net income (loss) margin 4.1 % (27.2 )% +3,130bps  1.2 % (10.3 )% +1,150bps  adjusted ebitda2,3 655   632   +4 % 2,357   1,875   +26 % adjusted ebitda margin2 17.3 % 19.1 % (180)bps  16.8 % 15.9 % +90bps  earnings (loss) per share ($) 0.45   (5.14 ) +109 % 0.24   (6.89 ) +103 % adjusted earnings per share ($)2 2.94   1.76   +67 % 7.27   4.42   +64 % net cash provided by operating activities 652   391   +67 % 1,602   937   +71 % free cash flow2 473   172   +175 % 941   335   +181 % leverage ratio2       2.2x   3.1x   (0.9)x   fy 2024 highlights: unparalleled scale and strategic execution underpinned flutter's global leadership during the year: strong full year 2024 performance; amps +13% and revenue +19% fanduel leadership extended; now number one operator for both sportsbook and igaming4 ex-us portfolio expanded; maxbet added, substantial growth from local heroes in uk and italy significant earnings transformation; net income +113%, adjusted ebitda +26% as us rapidly scales excellent cash conversion; net cash provided by operating activities +$0.7bn year-over-year balance sheet further strengthened; leverage ratio 2.2x, reduced from 3.1x at december 31, 2023 share repurchase program commenced; $121m returned in q4 with up to $1bn expected in 2025 strong momentum carried into 2025 q4 2024 overview: encouraging q4 with group amps +7%, revenue +14%, net income+117%, and adjusted ebitda +4% positioning flutter exceptionally well for 2025 net income +117% to $156m included the non-cash impact of a (i) $134m acquired intangibles amortization charge and (ii) $212m fair value loss on fox option liability.
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