Post by GrahamBon Mar 02, 2023 10:50am
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Post# 35315083
Flutter Q4 Earnings and financial update
Flutter Q4 Earnings and financial update• Group reported revenue and EBITDA growth of 27%,
• US revenue of £2.6bn ($3.2bn) and EBITDA loss of £250m ($313m)
• Group Adjusted EBITDA +4% to £1,045m reflecting
• Reported loss after tax of £305m (2021: £412m) after £608m charge for amortisation of acquired intangibles
• Net debt of £4.6bn at 31 December 2022 following Sisal and tombola acquisitions as well as Adjarabet buyout.
-Pro forma leverage ratio of 3.9 times6 (2021: 2.6 times), or 3.2 times excluding US losses
Source:Flutter.com
So...
2022
7.7 GBP Billion total revenue
100+ international market
FanuDuel #1 US sportsbook
States continuing to legalize
IPO being considered in US currently
Check in in another few months or so, when data is present
Looking good, but risks abound in this market-pleased to be a shareholder