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Flutter (FLUT) stock is in focus after the company reported its fourth quarter earnings results. Adjusted earnings per share (EPS) came in at $2.94, compared to estimates of $1.73, while revenue was $3.79 billion, slightly lower than the $3.82 billion Wall Street expected. Flutter's full-year outlook was in line with analyst expectations.
Yahoo Finance Markets Reporter Josh Schafer joins Market Domination Overtime to break down the earning print and comments from Flutter CEO Peter Jackson.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
This post was written by Naomi Buchanan.
Flutter Entertainment fourth quarter earnings just crossing the wire moments ago, and here to help us break it down is Yahoo Finance's very own market supporter, Josh Shafer. Josh.
Hey, Josh. Yeah, so Flutter stock's been bouncing around a little bit after results. So Flutter, of course, the parent company of popular sports book in the US FanDuels. We're going to take a focus on their US business, but I'll go broad first with just the results for the quarter. So for the first fourth quarter Flutter reported adjusted earnings per share of $2.94 on revenue of 3.79 billion. You can see on your screen there. Revenues slightly lower than Wall Street had hoped for, but adjusted EPS coming in significantly higher than analysts had projected. Now their guidance for 2025 about in line with what Wall Street had expected. So they issued guidance for their US business for the full year, looking at revenue in a range of 7.47 billion to 7.97 billion. Again, that was about in line with the median estimate from analysts at 7.69 billion. I did speak with Flutter CEO Peter Jackson. He said, one of the keys right now for them is they did have a strong Super Bowl. They had a positive outcome for that Super Bowl. Couple interesting stats that stuck out to me about betting for the Super Bowl. FanDuel saw around 17,000 bets per minute at peak level engagements during the Super Bowl, and they saw almost half a billion dollars of wagers for that Super Bowl betting. So they're hoping that's going to carry into more of 2025. One interesting thing that I did ask Peter, Josh, was he I I asked him about this consumer slowdown story, right? We keep hearing from these different companies exposed to consumers, there might be a little bit less spending happening in 2025. Interesting that Peter Jackson points out that hasn't really been the case in terms of gambling. He said it did not impact how they're thinking about their guidance in 2025. They go back and they look at prior periods of economic slowdowns. He said even the Great Financial Crisis when they were only operating in Europe, and there was recession over there, they just don't see spending slow down for people that are gambling. People cut down on other things first. They cut down on other things at the store, not placing a bet, but it does not cut down on their wagers that they're placing. So that's not really part of the story in terms of what's happening in the gambling space.
Not placing a bet.
That's so interesting. Thanks, Josh. Appreciate it.