Published on 7 Oct 2024 on GuruFocus.com · via Yahoo Finance

Flutter Entertainment PLC (FLUT) Q2 2024 Earnings Call Highlights: Strong US...

Revenue Growth: 20% increase in Q2.Adjusted EBITDA Growth: 17% increase to $738 million.Net Income: $297 million on a reported basis.Diluted Earnings Per Share: Increased by 290%.Adjusted Earnings Per Share: Increased by 56%.Free Cash Flow: $171 million, compared to a cash outflow of $95 million in the prior year.Leverage Ratio: Reduced to 2.6 times from 3.1 times at the end of December 2023.US Revenue Growth: 39% increase.US Adjusted EBITDA Growth: 51% increase.Sportsbook Revenue Growth: 41% increase.iGaming Revenue Growth: 47% increase.UK&I Revenue and Adjusted EBITDA Growth: 18% increase.Australian Revenue Decline: 10% decrease.International Revenue Growth: 16% increase on a constant currency basis.2024 US Revenue Guidance: Increased midpoint to $6.2 billion.2024 US Adjusted EBITDA Guidance: Midpoint of $740 million.2024 Group ex US Revenue Guidance: $8 billion.2024 Group ex US Adjusted EBITDA Guidance: $1.77 billion.