The online sports and igaming operator Flutter Entertainment has revealed its fourth-quarter revenue for the 2024 financial year, producing US$3.8 billion, a rise from US$3.3 billion reported the previous year.
In addition to revenue, net income loss was also down this year from US$902 million to US$156 million, and adjusted EBITDA was up 4% year-over-year, increasing from US$632 million to US$655 million. Net cash provided by operating activities was reported as US$652 million, a 67% increase from the previous year, and free cash flow rose by 175% year-over-year, producing US$473 million.
In contrast, 2024 full-year revenue was reported as US$14 billion, up from US$11.7 billion, a 19% year-over-year increase. Net income loss drastically dropped from US$1.2 billion to US$162 million, a 113% difference, and adjusted EBITDA rose from US$1.8 billion to US$2.4 billion, a 26% year-over-year increase.
Net cash was also reported as US$1.6 billion, a 71% increase compared to the previous year, and free cash flow increased from US$335 million to US$941 million, an 181% year-over-year increase.
Flutter Entertainment’s US operations also yielded positive earnings, with Q4 revenue increasing by 14% year-over-year from US$1.4 billion to US$1.6 billion.
Peter Jackson, Chief Executive Officer of Flutter Entertainment, commented, “I am proud of the progress we made during 2024 as we delivered against our strategic priorities and enhanced our leadership positions. FanDuel remains America’s number one sportsbook, with its leading product maintaining a clear structural revenue margin advantage over competitors. At the same time, excellent execution
secured a new number one spot for FanDuel Casino in iGaming.”