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Flutter Entertainment plc

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FLUT trade ideas

Bet Big On Flutter's 'License To Print Money'It is often said that “a gambling license is a license to print money." If that's true, then Flutter Entertainment is a massive cash machine. 🌎 As a leader in the global gaming industry, Flutter is capitalizing on the massive growth of sports betting and gambling, especially through FanDuel in the U.S. Here’s why we're bullish on FLUT and think it’s worth buying: 1️⃣ Huge Growth Potential Flutter’s revenue has skyrocketed from $1.1 billion in 2014 to $12.8 billion in the last year, thanks in large part to FanDuel. And there’s still a lot of untapped potential. Major U.S. states like Florida, Texas, and California haven’t even legalized sports betting yet, which could unlock billions more in revenue. With digital betting on the rise, we think Flutter could hit $20 billion in revenue by 2028. 📈 2️⃣ Expanding Margins To win market share fast, Flutter spent big on promotions and marketing, which tightened margins. But now they’re focusing on operational efficiencies and cost control. Margins are starting to climb, and with an impressive 12% cash margin, they’re well-positioned to boost profitability over the next few years. 💰 3️⃣ Long-Term Value Right now, FLUT trades at around a 16.5x P/E ratio on expected 2028 earnings. Not bad, considering the growth ahead. While earnings are lean now (no dividend yet, either), Flutter’s forward PEG ratio tells the real story – there's substantial value here if you're willing to ride out a few years of growth and expansion. 📊 Risks to Keep in Mind ⚠️ Regulation: New gambling taxes or stricter regulations could hit profits. ⚠️ Competition: Other big players like DraftKings and MGM are also fighting for market share, which could drive up costs and squeeze margins. Bottom Line Flutter has a solid foundation for long-term revenue growth with plenty of room for profitability gains. 📈 With strong market positioning and smart expansion strategies, we like this as a 'long' play going forward. Hence our 'Strong Buy' rating at today’s price. 💪 Want more high-quality trade ideas? Follow us below. ⬇️⬇️
NYSE:FLUTLong
by PropNotes
Flutter Entertainment Surges 10% on Strong Earnings ReportsFlutter Entertainment (NYSE: FLUT), the parent company of FanDuel, reported outstanding second-quarter earnings this week, propelling its stock up nearly 10% as the company continues to dominate the U.S. sports betting market while also expanding its global reach. The remarkable earnings and strategic decisions, particularly the choice not to pass on a new Illinois tax to consumers, have positioned Flutter as a leading force in the gambling industry. FanDuel’s Market Domination The star of Flutter's portfolio, FanDuel, has consistently captured the lion's share of the U.S. sports betting market. The platform now controls 47% of the market based on gross gaming revenue, a lead that continues to widen, even in states where sports betting is well-established. FanDuel's dominance is not only evident in sports betting but also in the iGaming sector, where it holds a 25% market share. The company’s innovative and customer-centric approach has been key to this success, as highlighted by its recent decision to forego a surcharge in response to an Illinois tax hike. Illinois Tax Decision: A Competitive Advantage Earlier this month, Illinois raised its tax rate on gambling companies with the largest adjusted gross revenue to 40%. In response, rival DraftKings announced plans to introduce a surcharge on consumers in states with the highest taxes, including Illinois. However, FanDuel chose a different path. Rather than passing the additional costs onto customers, FanDuel opted to absorb the tax hike, focusing on more localized marketing and promotions to offset the impact. This move not only garnered positive attention from consumers but also placed additional pressure on DraftKings, which subsequently reversed its decision to impose a surcharge. Gaming analysts praised FanDuel’s strategy, noting that it could strengthen the company’s competitive advantage by potentially driving smaller players to increase their prices, allowing FanDuel to capture even more market share. Flutter’s Shift to the U.S. Flutter Entertainment’s (NYSE: NYSE:FLUT ) focus on the U.S. market was further underscored by its decision to shift its headquarters and primary stock listing to New York. The U.S. is Flutter’s largest market, and the company’s performance there has been nothing short of spectacular. In the second quarter, Flutter reported a 20% year-over-year increase in revenue to $3.61 billion, far surpassing analysts' expectations. Net income more than quadrupled to $297 million, further solidifying Flutter’s financial strength. On the back of these strong results, Flutter (NYSE: NYSE:FLUT ) raised its full-year revenue projections to $6.2 billion for the U.S. market and $8 billion for its combined non-U.S. markets, reflecting the company’s confidence in its growth trajectory. Global Expansion: Eyes on Italy As Flutter (NYSE: NYSE:FLUT ) continues to strengthen its position in the U.S., it is also eyeing opportunities for expansion in other key markets. The company is reportedly in talks to acquire Snaitech, one of Italy's largest gambling platforms, from UK gambling technology firm Playtech. The deal, estimated to be worth around £2 billion ($2.57 billion), would significantly bolster Flutter’s presence in Italy, where it already owns Sisal, the largest online gambling operator. The potential acquisition of Snaitech comes as part of Flutter’s broader strategy to expand its global footprint. If successful, this deal would join a series of recent acquisitions by Flutter, reinforcing its status as the world's largest gambling firm. Technical Outlook It's important to remember the following details about Flutter Entertainment stock: As of the time of writing, the stock is up 7.76% in trading, with a Relative Strength Index (RSI) of 61.89, indicating potential for further growth. The daily price chart shows a gap up due to an earnings beat. The Moving Average Convergence Divergence (MACD) stands at 0.77, signifying a bullish trend. According to 8 analysts from stockanalysis.com, the average rating for NYSE:FLUT stock is "Strong Buy." Furthermore, the 12-month stock price forecast is $244.0, indicating an 18.30% increase from the latest price. A Bright Future Ahead Flutter Entertainment’s strong financial performance, strategic moves in the U.S., and potential global acquisitions have positioned the company for continued success. With FanDuel leading the charge in the U.S. and a growing presence in international markets, Flutter is set to maintain its leadership in the global gambling industry. As the company continues to innovate and expand, investors and industry watchers alike will be keeping a close eye on what’s next for this gambling giant.
NYSE:FLUTLong
by DEXWireNews