Flutter Entertainment counted US igaming revenue growth of 43 per cent in Q4 among its key quarterly and full-year highlights.
The gambling operator group’s CEO, Peter Jackson, claimed a “new number one spot” stateside for FanDuel Casino due to “excellent execution.”
Igaming average monthly players (AMPs) in the US grew by 37 per cent including a 59 per cent jump in direct casino AMPs.
Flutter said content such as its NBA Super Slam slot helped drive sportsbook cross-sell, while a new jackpot functionality on FanDuel’s Reward Machine daily prize mechanic also had an impact.
US sportsbook revenue in Q4 grew by eight per cent despite customer-friendly results, which put overall US Q4 revenue growth at 14 per cent, rising from US$1.4bn to $1.6bn.
At group level, Flutter reported a 14 per cent rise in Q4 revenue to $3.79bn, up from $3.3bn. For 2024, revenue was up 19 per cent from $11.8bn to $14bn.
Q4 adjusted EBITDA was $655m in Q4, up four per cent, and the full-year figure was $2.4bn, up 26 per cent.
Outside of the US, revenue climbed 14 per cent from $1.9bn to $2.2bn in Q4.
In the UKI division, revenue grew 20 per cent to $963m due to sportsbook revenue growth of 31 per cent and igaming revenue growth of 16 per cent.
Flutter said its combined UKI business, including Paddy Power and Sky Bet, has taken four percentage points of market share over the past two years.
It said Paddy Power’s expanded range of markets on its SuperSub product drove a five percentage point increase in same-game parlay penetration as a proportion of total football handle in Q4 compared with Q4 2023, and helped increase Flutter’s structural gross revenue margin.
Meanwhile, free-top-play content such as Sky Vegas’ Guaranteed Prize Machine drove igaming AMPs 13 per cent higher to a record 2.4 million in Q4.
In Flutter’s International division, Italian operator Sisal’s market share rose to 15 per cent, with Flutter’s Italian market share now 21.4 per cent.
Overall International revenue climbed by 20 per cent in Q4 to $872m, up from $727m in Q4 2023.
Australia Q4 revenue declined eight per cent from $375m to $346m.
“Multi-channel players generate over 1.5 times more online revenue than online-only players and we look forward to accessing a broader retail player base with the expected addition of Snai in 2025,” the company said of its Italian operations.
“Sisal's poker product offering was enhanced through access to the PokerStars poker liquidity pool, further demonstrating the benefits of the Flutter Edge.
“In India, Junglee lapped the effect of the tax changes introduced in October 2023. Junglee has delivered strong player growth throughout this period with 2024 AMPs 72 per cent higher on a year-over-two-year basis.
“In Australia we delivered another quarter of AMP growth, up 7% to 1.3m following similarly positive trends in prior quarters. While the racing market declined in line with expectations, we saw strong engagement on sports including NRL, NBA and NFL, with our leading product offering also delivering sustained improvements to structural gross revenue margin.”
Flutter CEO Jackson said: “We have had a great start to 2025, including record levels of customer engagement for the Super Bowl where FanDuel had three million active customers placing 17.7 million bets with $470m wagered on the day.
“I am excited to build on this strong momentum as we seize the growth opportunities outlined at our Investor Day last September.”
Flutter’s 2025 guidance included expected revenue of between $15.48bn and $16.38bn, as well as group adjusted EBITDA of between $2.94bn and $3.38bn.
