Flutter Leaders Discuss the Company’s Q4 Results and 2025 Prospects

Flutter Entertainment’s recent earnings call highlighted the company’s optimism about its business and long-term potential. CEO Peter Jackson and CFO Rob Coldrake were happy with the performance and looking forward to continued success in 2025.

CFO Coldrake Says Flutter Is “Quite Sanguine” about Its Margins

The call, which took place on March 4, saw the company leadership highlight Flutter’s Q4 and FY 2024 successes. Chief financial officer Rob Coldrake praised the 14% revenue growth and the 4% EBITDA increase despite the impact of customer-friendly results during the period.

Coldrake confirmed that the company’s sports betting handle results were mostly what his team had expected. He mentioned that the customer-friendly sports outcomes did pose certain challenges to his team but added that 2025 started really strongly, which is why Flutter did not obsess about handle.

Coldrake further stated that the company’s leadership is “feeling quite sanguine” about its margins.

The CFO also responded to questions regarding the company’s $90 million of investment losses in new states. He noted that the company could spend up to $80 million on its Missouri launch. The rest would go toward Flutter’s launch in Alberta.

Speaking about costs and losses, the CFO noted that the company expects to mitigate roughly half of the $50 million impact caused by Illinois’ tax hike in 2024.

CEO Jackson Bullish on iGaming, Eyes Prediction Markets

When asked about prediction markets, Peter Jackson, Flutter’s chief executive officer, said that Flutter is monitoring the situation with sports futures contracts very closely. He described the regulation as “very fluid” and mentioned that the CFTC is set to hold a roundtable on the matter very soon.

Jackson reiterated that such products could be an interesting opportunity but according to him, they lack the “richness of a true sportsbook offering.”

In the meantime, Jackson said that iGaming is a tremendous opportunity, driving strong customer acquisition for the company.

You can see that in the numbers year-over-year when you look at the fourth quarter and that was behind the very strong revenue performance we saw in the quarter.

Peter Jackson, CEO, Flutter

iGaming in the US has continued to experience stable performance despite the economic headwinds. Additionally, Jackson was somewhat optimistic about the iGaming legislative efforts in new markets across the US, but said that he “doesn’t want to jinx anything.”

In addition to iGaming, Flutter’s YourWay betting products proved to be a great driver of revenue. The suite was rolled out just in time for the Super Bowl and has proven to be a resounding success.

The Execs Touched on Flutter’s Strategy Outside America

Jackson and Coldrake also discussed Flutter’s prospects outside the US. When asked about whether they would pursue a second lottery contract in Italy, the two simply answered that they are pleased with the performance of Super Lotto so far and uncertain whether they would submit another bid.

Jackson, however, refused to discuss Flutter’s bidding strategy in Italy.

In the meantime, the company executives also addressed Brazil, noting that it is a much different market than the US since it already has established providers. Despite that, Flutter expects $100 million in cash flow from the LATAM country.