Changing the game
Flutter has listed on the New York Stock Exchange
During 2023, we consulted with, and received overwhelming support from, our shareholders for an additional US listing. Our New York Stock Exchange (“NYSE”) Listing became effective from the 29th of January 2024.
As the world’s leading online sports betting and iGaming operator, this additional US listing gives us access to the world’s deepest and most liquid capital markets, brings significant long-term benefits and will fuel the next stage of Flutter’s growth.
The US market leader
FanDuel is Flutter’s largest brand and the US market leader in online sports betting with a major and fast-growing share of the iGaming market.
The combination of the Flutter Edge with the FanDuel Advantage allows us to acquire players more efficiently, retain players for longer and earn higher average revenue per player which puts us in an excellent position to continue to win in the US market.
The FanDuel Advantage drives our flywheel, creating a larger and more profitable business.
FLUTTER PRESENTS COMPELLING INVESTMENT OPPORTUNITY
Our unparalleled portfolio of world-class brands, global scale and a challenger mindset presents a powerful combination. With the optimal strategy for success in place, a proven track record of delivering growth and our ability to leverage the power of our unique Flutter Edge, we are excited about the future.
1
Significant market opportunity
We have leading market positions in a growth sector. In the US, the value of the sports betting and iGaming market is estimated to reach US$40bn by 2030, and this can be combined with a further US$188bn in markets across the rest of the world where sports betting and gaming is already regulated.
As both the global and US market leader, we are well-positioned to capitalise on these opportunities and continue to deliver sustainable growth.
2
Diversified product and geographic portfolio at scale
With an unparalleled portfolio of innovative and market-leading brands and global scale, we see great potential for future growth.
From sports betting to online gaming, with racing, poker, daily fantasy sports and casino, we leverage our scale, the Flutter Edge and local knowledge to continue to grow our leading positions in our core markets.
The breadth of products and geographies in which we operate also means we’re well-positioned to navigate market and regulatory dynamics.
3
Optimal strategy to deliver success
Our strategy is delivering sustainable growth across its pillars.
Using our collective power, the Flutter Edge, we will continue to disrupt our sector, learning from the past to create a better future for our customers, colleagues and communities.
Strategy
Underpinned by:
4
The Flutter Edge
The Flutter Edge is our distinctive, global competitive advantage across talent, technology, product and capital, which enables a symbiotic relationship between our brands and the sharing of expertise company wide.
This is really how Flutter differentiates itself, ensuring our brands have access to global scale while enabling them to win in their local markets.
5
Growth algorithm
Flutter’s growth algorithm of:
Sustainable revenue growth from an expanding recreational player base and increasing customer value
Margin benefits leveraging our scale, operating leverage and access to the Flutter Edge
Cash flow generation from low capital intensity and positive working capital flows
unlocks significant capital allocation opportunities across highly disciplined organic investment, value creative M&A or returns to shareholders.
Since 2020
6
brands have been
added to the Group
3.6X
Revenue growth in
three years
3.6X
growth in market
capitalisation