{"id":8763,"date":"2025-03-06T06:11:00","date_gmt":"2025-03-06T06:11:00","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/03\/06\/morgan-stanley-highlights-risks-for-flutters-2025-performance-despite-growth\/"},"modified":"2025-03-06T06:11:00","modified_gmt":"2025-03-06T06:11:00","slug":"morgan-stanley-highlights-risks-for-flutters-2025-performance-despite-growth","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/03\/06\/morgan-stanley-highlights-risks-for-flutters-2025-performance-despite-growth\/","title":{"rendered":"Morgan Stanley Highlights Risks for Flutter\u2019s 2025 Performance Despite Growth"},"content":{"rendered":"<div>\n<p>Morgan Stanley conducted its own research following the March 4 announcement of Flutter Entertainment\u2019s Q4 and full-year 2024 financial results, expressing worries regarding possible risks in 2025. Notwithstanding strong revenue growth, the research group identified potential obstacles such as market competition and regulatory concerns.<\/p>\n<p>With a midpoint forecast of $7.7 billion for 2025, Flutter\u2019s US branch reported $5.8 billion in revenue for 2024. US revenue reached $1.6 billion in Q4 alone, a 14% year-over-year rise. Adjusted EBITDA, on the other hand, fell 3% to $163 million.<\/p>\n<p>Despite \u201cunfavorable sports results\u201d throughout the quarter, according to Flutter CFO Rob Coldrake, the company\u2019s revenue increased. FanDuel, the company\u2019s main US brand, saw what Flutter described as the \u201cmost customer-friendly\u201d NFL results in 20 years.<\/p>\n<h2 data-start=\"1123\" data-end=\"1166\">Regulatory and Competitive Risks Loom<\/h2>\n<p data-start=\"1168\" data-end=\"1467\">Morgan Stanley acknowledged that Flutter maintained its FY2025 projections from its Investor Day in September 2024, accounting for the impact of negative sporting results. While the firm sees potential upside in international expansion and increasing US profits, it also warns of \u201cdownside risks.\u201d<\/p>\n<p data-start=\"1469\" data-end=\"1775\">Key concerns include potential regulatory challenges in the US and other major markets, rising competition, and a possible slowdown in iGaming growth. Morgan Stanley noted that Flutter\u2019s implied Q2 2025 guidance suggests flat year-over-year EBITDA growth, calling this outlook \u201cpotentially conservative.\u201d<\/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 data-start=\"1822\" data-end=\"2086\">Despite challenges, Morgan Stanley remains optimistic about Flutter\u2019s overall growth. The firm highlighted Flutter\u2019s Q4 GAAP net income of $156 million, despite non-cash charges related to the Fox Option liability and purchase price allocation (PPA) adjustments.<\/p>\n<p data-start=\"2088\" data-end=\"2474\"><em>\u201cFlutter achieved $156m in Q4 GAAP net income (despite adverse sports results, and non-cash charges for $134m PPA and $212m fair value loss for the Fox Option liability), largely thanks to a tax credit on historic US tax losses, with FY24 GAAP net income of $162m. We see this as constructive regarding potential index inclusion, which is a key stock catalyst,\u201d<\/em> Morgan Stanley stated.<\/p>\n<p data-start=\"2476\" data-end=\"2816\" data-is-last-node=\"\" data-is-only-node=\"\">For 2025, the firm expects Flutter to generate $16.29 billion in revenue and $2.36 billion in adjusted EBITDA, with $1.28 billion coming from the US market. These figures would represent year-over-year increases of 16% and 26%, respectively. Morgan Stanley anticipates \u201cminimal changes\u201d to its forecasts following Flutter\u2019s earnings report.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/morgan-stanley-highlights-risks-for-flutters-2025-performance-despite-growth\/\">Morgan Stanley Highlights Risks for Flutter\u2019s 2025 Performance Despite Growth<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley conducted its own research following the March 4 announcement of Flutter Entertainment\u2019s Q4 and full-year 2024 financial results, expressing worries regarding possible risks in 2025. Notwithstanding strong revenue growth, the research group identified potential obstacles such as market competition and regulatory concerns. With a midpoint forecast of $7.7 billion for 2025, Flutter\u2019s US [&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-8763","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\/8763","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=8763"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8763\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}