Flutter Entertainment’s U.S. Operations to Lead Growth Outlook

Flutter Entertainment (LSE: FLTR, NYSE: FLUT), a sports betting and gaming operator based in the UK, is expected to see continued strong growth in its U.S. operations in the coming years. According to consensus from Visible Alpha, the company’s U.S. revenues are estimated to grow at a CAGR of 15% from 2024 to 2027. In comparison, revenues in the UK & Ireland and Australia are forecasted to grow at a rate of 5%, and international revenue at 7%.

Although analysts expect a slowdown in revenue growth across Flutter’s various markets in 2024, U.S. revenue is still expected to increase by 38% year over year, reaching an estimated $6.1 billion. Revenues in the UK & Ireland are projected to grow by 8% in 2024, a decrease from the 14% growth seen in 2023. Similarly, Flutter’s international revenues are anticipated to grow by 10% in 2024, compared to the substantial 41% growth seen in 2023. Australia remains a tough market for the company, with revenues estimated to continue to decline by -10% year over year in 2024.

Flutter began trading on the New York Stock Exchange (NYSE) on January 29, 2024, while maintaining its premium listing on the LSE. The company now intends to make the NYSE its primary listing and is targeting a U.S. primary listing by May 31, following a shareholder vote on May 1.