FLUT Stock Forecast & Price Target

Flutter Entertainment demonstrates a robust financial outlook, with projected revenues ranging from $8.2 billion to $8.3 billion for 2024, representing a 6% year-over-year increase. The company achieved significant quarterly growth in Q4, with revenue rising 14% year-over-year to $3.79 billion, driven by a 20% increase in UK and Ireland revenues alongside a 176% year-over-year gain in adjusted EBITDA. Additionally, strong growth in the international segment, particularly in Italy, India, and Turkey, contributed to a 20% revenue surge, highlighting the company’s expanding market presence and user engagement, as evidenced by a 7% year-over-year increase in average monthly players to 14.6 million.

Flutter Entertainment's stock outlook is negatively influenced by a notable 8% year-over-year decline in Australia revenue, attributed to market trends and weaker racing performance. Additionally, the company has revised its Ex-US revenue and adjusted EBITDA expectations downward by 3% and 4%, respectively, primarily due to adverse foreign exchange effects and difficult year-over-year comparisons. Future market entries in Missouri and Alberta are projected to incur significant revenue and adjusted EBITDA losses, further complicating Flutter's financial performance in the upcoming years.