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Mar 26 2024, 08:05 GMT
Flutter Entertainment
FY23 in line; FY24 has started well
- Sectors : Gaming
- Companies : Flutter Entertainment
DAVY VIEW
Flutter released its FY23 numbers this morning. The key line item is aEBITDA (all aEBITDA references are to further adjusted EBITDA in USD unless otherwise stated), which came in at $1.87bn, in line with our expectations of $1.86bn. All eyes are on the FY24 guidance, with the group guiding to US aEBITDA of $635-785m and ex-US aEBITDA of $1,63-1.83bn (+5.4% at the mid-point). Current trading is encouraging.
