Aug 14 2024
Gaming
Recent Research
Entain, CEO announcement
Jul 22 2024
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Flutter Entertainment plc
Strong Q2 with guidance upgrades
Flutter Entertainment’s Q2 print was encouraging with good momentum across the board. The US aEBITDA mid-point has been increased by 4% from $710m to $740m despite the headwind from...
Entain
Better performance in Q2 with outlook improved
Entain reported H124 results this morning. Underlying online H1 revenue run rates are ahead of expectations and growth has improved from the Q1 stage, helped by the European Football...
DraftKings
FY24 EBITDA downgrade, buyback and tax surcharge proposal
DraftKings reported Q2 revenue of $1.104bn, up 26% year-on-year (yoy), driven by above-expected levels of customer acquisition, retention and engagement. New FY24 guidance was issued,...
Entain
BetMGM – improving trends but further investment required
BetMGM has reported H1 revenue growth of 6% to $1bn with EBITDA losses of $123m, both broadly in line with consensus. The CEO notes that H1 has been an important year in laying the...
Entain
CEO announcement
Entain has announced that Gavin Isaacs has been appointed as Chief Executive Officer (CEO), effective in early September. Stella David had been acting as Interim CEO since Jette...
Flutter Entertainment plc
Focus on the bigger picture – growth and attractive valuation
The Flutter Entertainment investment case is continuing to improve as FanDuel has inflected from an attractive opportunity to an attractive business. Outside of the US, the UK &...
Flutter Entertainment plc
CFO change – strong replacement
Flutter Entertainment has announced that Paul Edgecliffe-Johnson will step down as CFO and be replaced by Rob Coldrake, current CFO of the International business. Edgecliffe-Johnson’s...
Entain
Verdict of Capital Allocation Committee
Entain updated this morning on the outcome of a strategic review by the Board’s Capital Allocation Committee (CapCo). The key outcomes were (1) it believes it has the appropriate...
Flutter Entertainment plc
Q1 trends reassure
Flutter Entertainment reported Q1 results this morning. Underlying momentum remains strong in the US, the UK & Ireland and International, with Australia remaining challenging. Group...
Flutter Entertainment
FY23 – GAAP and guide key
Flutter Entertainment will report its FY23 preliminary results on Tuesday March 26th at 07.00 GMT with a conference call at 10.30. This will be its first update under US GAAP. Given that...
