Flutter secured 11% market share following NSX acquisition
Thanks to its acquisition of a 56% share in Betnacional’s parent company, NSX Group, Flutter secured an 11% market share.Flutter announced the acquisition plan earlier...
Flutter eyes $21B revenue by 2027
Flutter Entertainment plc announced its long-term growth strategy with $21B revenue by 2027.
Flutter Entertainment plc, simply known as Flutter, is an international sports betting and gambling company. It is also the parent company of brands like Paddy Power and Betfair.
Flutter announced its growth strategy, targeting $21 billion in revenue by 2027 and authorizing a share repurchase program of up to $5 billion, which will start within three to four years after the third quarter earnings report in November 2024.
In the U.S., Flutter has a strong marker with a potential $63 billion by 2027, significantly higher than earlier forecasts, largely driven by its FanDuel brand.
Peter Jackson, CEO of Flutter, said:
“I am very excited about Flutter’s strong trajectory and how well positioned we are to capitalize on a global regulated addressable market of nearly $370 billion. With our unmatched scale, diversification, and our global differentiator, The Flutter Edge, we have clear sustainable global advantages that will continue to drive sustainable growth and power our financial model with operating leverage building over time.”
Flutter’s international presence also supports its growth narrative, driven by recent acquisitions in Italy and Brazil set to close by mid-2025.
Thanks to its acquisition of a 56% share in Betnacional’s parent company, NSX Group in Brazil, Flutter secured an 11% market share and will later establish a new business, ‘Flutter Brazil.’ which includes the Betfair brand and NSX Group’s Pagbet, MrJack.bet, and Betpix brands.
Share:
Flutter to repurchase $5B in shares and boost FanDuel
Flutter may repurchase up to $5 billion worth of its shares within the next several years.Flutter Entertainment has announced a $5 billion share repurchase program,...
