Flutter Entertainment: Updated Reportable Segment Financial Data
Flutter Entertainment (NYSE:FLUT) announced changes to its reportable segments structure effective Q1 2025. The company will now report two main segments: US (comprising the FanDuel brand) and Flutter International (comprising all other Flutter brands previously reported under UK & Ireland, Australia and International segments).
The reorganization aims to better reflect the company's operational management and resource allocation. Flutter International will exclude unallocated corporate overhead. The company has provided recast financial information for 2024 and historical quarterly data from 2021-2024 to help investors understand the new reporting structure.
The company emphasizes that these reporting changes have no impact on Flutter's historical consolidated financial position or results.
Flutter Entertainment (NYSE:FLUT) ha annunciato modifiche alla sua struttura dei segmenti riportabili, che entreranno in vigore nel primo trimestre del 2025. L'azienda riporterà ora due segmenti principali: US (che comprende il marchio FanDuel) e Flutter International (che comprende tutti gli altri marchi Flutter precedentemente riportati sotto i segmenti Regno Unito e Irlanda, Australia e Internazionale).
La riorganizzazione mira a riflettere meglio la gestione operativa dell'azienda e l'allocazione delle risorse. Flutter International escluderà le spese generali aziendali non allocate. L'azienda ha fornito informazioni finanziarie rielaborate per il 2024 e dati storici trimestrali dal 2021 al 2024 per aiutare gli investitori a comprendere la nuova struttura di reporting.
L'azienda sottolinea che queste modifiche al reporting non hanno alcun impatto sulla posizione finanziaria consolidata storica di Flutter o sui risultati.
Flutter Entertainment (NYSE:FLUT) anunció cambios en su estructura de segmentos reportables que entrarán en vigencia en el primer trimestre de 2025. La compañía ahora reportará dos segmentos principales: US (que comprende la marca FanDuel) y Flutter International (que abarca todas las demás marcas de Flutter que anteriormente se reportaban bajo los segmentos del Reino Unido e Irlanda, Australia e Internacional).
La reorganización tiene como objetivo reflejar mejor la gestión operativa de la empresa y la asignación de recursos. Flutter International excluirá los gastos generales corporativos no asignados. La compañía ha proporcionado información financiera reelaborada para 2024 y datos trimestrales históricos de 2021 a 2024 para ayudar a los inversores a comprender la nueva estructura de informes.
La empresa enfatiza que estos cambios en la presentación de informes no tienen impacto en la posición financiera consolidada histórica de Flutter ni en los resultados.
플러터 엔터테인먼트 (NYSE:FLUT)는 2025년 1분기부터 적용될 보고 가능한 세그먼트 구조 변경을 발표했습니다. 이제 회사는 두 개의 주요 세그먼트를 보고합니다: 미국 (팬듀엘 브랜드 포함) 및 플러터 인터내셔널 (이전에는 영국 및 아일랜드, 호주 및 국제 세그먼트 아래 보고되었던 모든 기타 플러터 브랜드 포함).
이번 조직 개편은 회사의 운영 관리 및 자원 할당을 더 잘 반영하기 위한 것입니다. 플러터 인터내셔널은 할당되지 않은 기업 간접비를 제외합니다. 회사는 투자자들이 새로운 보고 구조를 이해할 수 있도록 2024년 재작성된 재무 정보와 2021-2024년의 역사적 분기 데이터를 제공했습니다.
회사는 이러한 보고 변경이 플러터의 역사적 연결 재무 상태나 결과에 영향을 미치지 않는다고 강조합니다.
Flutter Entertainment (NYSE:FLUT) a annoncé des changements dans sa structure de segments reportables, effectifs au premier trimestre 2025. L'entreprise rapportera désormais deux segments principaux : US (comprenant la marque FanDuel) et Flutter International (comprenant toutes les autres marques Flutter précédemment rapportées sous les segments Royaume-Uni & Irlande, Australie et International).
La réorganisation vise à mieux refléter la gestion opérationnelle de l'entreprise et l'allocation des ressources. Flutter International exclura les frais généraux d'entreprise non attribués. L'entreprise a fourni des informations financières révisées pour 2024 et des données trimestrielles historiques de 2021 à 2024 pour aider les investisseurs à comprendre la nouvelle structure de reporting.
L'entreprise souligne que ces changements de reporting n'ont aucun impact sur la position financière consolidée historique de Flutter ni sur ses résultats.
Flutter Entertainment (NYSE:FLUT) hat Änderungen an seiner berichtspflichtigen Segmentstruktur angekündigt, die im ersten Quartal 2025 in Kraft treten. Das Unternehmen wird nun zwei Hauptsegmente berichten: US (einschließlich der Marke FanDuel) und Flutter International (einschließlich aller anderen Flutter-Marken, die zuvor unter den Segmenten UK & Irland, Australien und International berichtet wurden).
Die Reorganisation zielt darauf ab, das operative Management und die Ressourcenallokation des Unternehmens besser widerzuspiegeln. Flutter International wird nicht zugeordnete Unternehmensgemeinkosten ausschließen. Das Unternehmen hat überarbeitete Finanzinformationen für 2024 und historische Quartalsdaten von 2021 bis 2024 bereitgestellt, um den Investoren zu helfen, die neue Berichtstruktur zu verstehen.
Das Unternehmen betont, dass diese Änderungen in der Berichterstattung keine Auswirkungen auf die historische konsolidierte Finanzlage oder die Ergebnisse von Flutter haben.
- Streamlined reporting structure enhancing operational transparency
- No impact on historical consolidated financial results
- None.
Flutter Entertainment publishes historical financial data to reflect 2025 segment reporting changes
DUBLIN and TORONTO, March 24, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment ("Flutter") (NYSE:FLUT, LSE:FLTR), the leading online sports betting and iGaming operator, announced on March 4, 2025 that it is updating its reportable segments to reflect the way the company now manages operations and allocates resources. These changes have no impact on Flutter's historical consolidated financial position or results.
Effective from the first quarter of 2025, Flutter will report two segments:
- US: comprising the FanDuel brand and unchanged from the US segment as reported in 2024
- Flutter International: comprising all other Flutter brands. This will align with previously reported UK & Ireland, Australia and International segments combined. Flutter International will exclude unallocated corporate overhead.
To provide investors with historical information on a basis consistent with its new reporting structure, Flutter sets out recast financial information for 2024, reflecting the new reportable segments and the new regional revenue breakdown for Flutter International in Appendix 1. Recast financial information including quarterly data for all periods from 2021-2024 is also available on the Flutter website at www.flutter.com/investors/results-reports-and-presentations/year/2025. This document can be found under "Q4 KPI pack new segments" with the updated information provided in tabs two and nine. The recast financial information does not represent a restatement of previously issued financial statements.
About Flutter Entertainment plc
Flutter is the world's leading online sports betting and iGaming operator, with leading positions in markets across the world, including the US. Our ambition is to leverage our significant scale and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global competitive advantages of the Flutter Edge, which gives our brands access to group-wide benefits to stay ahead of the competition, as well as our clear vision for sustainability through our Positive Impact Plan.
Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Tombola, Betfair, MaxBet, Junglee Games and Adjarabet.
To learn more about Flutter, please visit our website at www.flutter.com.
Enquiries
Investor Relations: Investor.relations@flutter.com
Media Relations: corporatecomms@flutter.com
Appendix 1
The following table presents Flutter's recast segment revenue information. Additional KPIs including average monthly players, handle and sportsbook net revenue margin continue to be available for the segments in our quarterly KPI pack on the Flutter website at www.flutter.com/investors/results-reports-and-presentations/year/2025 under "Q4 KPI pack new segments":
| ($ in millions) | Year ended December 31, 2024 |
| U.S. | |
| Sportsbook | 4,013 |
| iGaming | 1,524 |
| Other | 261 |
| U.S. segment revenue | 5,798 |
| International | |
| Sportsbook | 3,816 |
| iGaming | 4,130 |
| Other | 304 |
| International segment revenue | 8,250 |
| Total reportable segment revenue | 14,048 |
The following table presents the International segment revenue by region:
| ($ in millions) | Year ended December 31, 2024 |
| UK & Ireland1 | 3,599 |
| Southern Europe and Africa2 | 1,593 |
| Asia Pacific3 | 1,547 |
| Central and Eastern Europe4 | 531 |
| Brazil5 | 69 |
| Other regions6 | 911 |
| Total International segment revenue | 8,250 |
- UK & Ireland ("UKI"): remaining unchanged from the segment previously disclosed. This represents Sky Bet, Paddy Power and Betfair UK and Ireland operations as well as the tombola brand
- Southern Europe and Africa ("SEA"): comprising the Italian operations of our Sisal and PokerStars brands as well as Sisal's business in Turkey and Morrocco. On completion, Snai revenue will be reported here
- Asia-Pacific ("APAC"): including our Sportsbet business in Australia and Junglee in India
- Central and Eastern Europe ("CEE"): comprising Adjarabet in Georgia and Armenia together with MaxBet in Serbia, Bosnia Herzegovina, North Macedonia and Montenegro
- Brazil: reflecting our Betfair operations in the region. On completion, NSX revenue will be reported here
- Other regions: comprising PokerStars' non-Italian operations and Betfair's non-Brazilian business
The following table shows the significant segment expense categories included in segment profit and loss together with adjusted EBITDA by segment. As noted above, the changes to our segment reporting above have no impact on Flutter's historical consolidated financial position and therefore have no impact on Flutter's Group adjusted EBITDA or its reconciliation to net income (loss), the most comparable GAAP financial measure.
| ($ in millions) | Year ended December 31, 2024 |
| U.S. | |
| Revenue | 5,798 |
| Cost of sales1 | 3,353 |
| Technology, research and development expenses2 | 270 |
| Sales & marketing expenses3 | 1,278 |
| General and administrative expenses4 | 390 |
| Total U.S. adjusted EBITDA | 507 |
| International | |
| Revenue | 8,250 |
| Cost of sales1 | 3,571 |
| Technology, research and development expenses2 | 403 |
| Sales & marketing expenses3 | 1,394 |
| General and administrative expenses4 | 817 |
| Total International adjusted EBITDA | 2,065 |
- Reportable segment cost of sales excludes amortization of certain capitalized development costs, share-based compensation of revenue-associated personnel and restructuring and integration cost directly associated with revenue-generating activities.
- Reportable segment technology, research and development expenses excludes share-based compensation for technology developers and product management employees, depreciation and amortization related to computer equipment and software not directly associated with revenue earning activities and restructuring and integration costs.
- Reportable segment sales and marketing expenses exclude amortization of trademarks and customer relations, share-based compensation expenses of sales and marketing personnel and restructuring and integration costs.
- Reportable segment general and administrative expenses exclude share-based compensation for executive management, finance administration, legal and compliance, and human resources, depreciation and amortization, transaction fees and associated costs and restructuring and integration costs.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
FAQ
What are Flutter Entertainment's new reporting segments from Q1 2025?
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