Here is a summary of the text
Flutter Entertainment, a leading online sports betting and iGaming operator, has announced an update regarding the impact of short-term US sports results on its Q4 2024 financial performance. The company experienced strong US player momentum, but this was offset by unfavorable sports results, primarily in NFL Parlay and Same Game Parlay outcomes. As a result, Flutter estimates a $438 million adverse impact on gross gaming revenue, a $390 million reduction in revenue, and a $260 million adjustment in <mark style="background-color:yellow">EBIT</mark>DA for the period between November 12 and December 31, 2024.
The companys US revenue and adjusted EBITDA for 2024 are expected to be lower than previously guided, with estimates now standing at $5.78 billion and $505 million, respectively. However, Flutter remains confident in its long-term growth trajectory and the underlying assumptions provided during its Investor Day in September.
The Group Ex-US, particularly the UKI market, has shown good momentum, and Flutter estimates that revenue and adjusted EBITDA for this segment will be approximately 1% and 2% higher than the mid-points of the previous guidance.
A more comprehensive update will be provided during Flutters scheduled Q4 earnings release on March 4, 2025, along with formal guidance for 2025. The text also includes notes on forward-looking statements, a description of non-GAAP financial measures, and other relevant information for investors.