{"id":8186,"date":"2024-11-13T08:10:44","date_gmt":"2024-11-13T08:10:44","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/11\/13\/flutter-entertainment-reports-strong-q3-results-for-2024\/"},"modified":"2024-11-13T08:10:44","modified_gmt":"2024-11-13T08:10:44","slug":"flutter-entertainment-reports-strong-q3-results-for-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/11\/13\/flutter-entertainment-reports-strong-q3-results-for-2024\/","title":{"rendered":"Flutter Entertainment Reports Strong Q3 Results for 2024"},"content":{"rendered":"<div>\n<p>Flutter Entertainment has revealed its Q3 2024 financial results, showing notable expansion in a number of important areas. The quarter\u2019s total sales of $3.2 billion was a 27% year-over-year increase. Additionally, the business recorded an astounding 74% growth in adjusted EBITDA, reaching $450 million.<\/p>\n<p><em>\u201cWe had an excellent quarter with revenue growth accelerating to 27%, well ahead of market expectations,\u201d<\/em> said Peter Jackson, CEO of Flutter Entertainment. <em>\u201cIn the US, we had a fantastic start to the new NFL season, with peak wagers per minute already higher than Super Bowl LVII. Our proprietary product offering continued to drive strong parlay penetration as well as a step up in live betting handle.\u201d<\/em><\/p>\n<h2><strong>US and Global Performance Highlights<\/strong><\/h2>\n<p>Flutter\u2019s Q3 success was mostly due to the <a href=\"https:\/\/igaming.org\/casino-news\/flutter-entertainment-poised-for-continued-dominance-in-u-s-and-global-markets\/\">US market<\/a>, as revenue reached $1.25 billion, a 51% increase over the previous year. US iGaming grew by 46% to $368 million, while US sportsbook income alone amounted to $822 million, a 62% year-over-year rise.<\/p>\n<p>Flutter\u2019s impressive performance was also aided by international markets. While international revenue jumped by 15% to $781 million, UKI revenue increased by 18% to $846 million. Australia\u2019s overall revenue increased by 12% to $371 million.<\/p>\n<p>In addition to these positive revenue figures, Flutter\u2019s average monthly players (AMPs) increased by 16%, bringing the total to 12.9 million. The company\u2019s strong market share of 35% in gross gaming revenue (GGR) was supported by a 41% share in sportsbook GGR, 43% in net gaming revenue, and a 25% share in iGaming GGR.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Even though revenue and EBITDA increased, Flutter\u2019s Q3 2024 net loss of $114 million was far lower than the $262 million loss from the prior year. Strong revenue performance, which countered rising costs, was credited by the corporation for this improvement. Flutter has increased its revenue and adjusted EBITDA projection for the entire year, demonstrating its continued optimism.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/flutter-entertainment-reports-strong-q3-results-for-2024\/\">Flutter Entertainment Reports Strong Q3 Results for 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Flutter Entertainment has revealed its Q3 2024 financial results, showing notable expansion in a number of important areas. The quarter\u2019s total sales of $3.2 billion was a 27% year-over-year increase. Additionally, the business recorded an astounding 74% growth in adjusted EBITDA, reaching $450 million. \u201cWe had an excellent quarter with revenue growth accelerating to 27%, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8186","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8186"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8186\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}