Flutter Entertainment’s Q3 Results: Revenue Jumps, U.S. Growth & Italian Expansion
Published: November 13, 2024 | Author: Ron Clarke
As gambling companies release their Q3 results—the third-quarter financial reports covering July through September—it’s an interesting opportunity for gambling fans to get an inside look at the market. Here at Casin.com, we’re diving into the numbers and stories shaping the gambling world. Today, we’re looking at Flutter Entertainment, a major player with big brands like FanDuel, Sisal, Paddy Power and PokerStars which has released impressive numbers for Q3 2024.
Flutter’s Massive Growth in Revenue and Players
Flutter’s revenue surged by 27% this quarter, reaching $3.25 billion. A key part of that success? An impressive 16% increase in average monthly players, who now total nearly 13 million across all brands and markets. In Italy, Sisal was a standout, growing its market share by 200 basis points thanks to Flutter’s support. Sisal holds a leading position in the Italian sports betting market, where it introduced new Same Game Parlay (SGP) bets for Serie A. These SGPs, available for the first time in Italy, already make up nearly a quarter of Serie A bets, proving hugely popular among Italian players.
FanDuel Dominates the U.S., and Italian Players Are Engaging More
FanDuel, a leading Flutter brand, is showing a major growth in the U.S. With a whopping 51% revenue increase, FanDuel took a 41% share in the sportsbook market and drew a 28% increase in monthly players. In Italy, Sisal also expanded its customer base with enhanced betting options and exclusive new games. Italian players engaged heavily with online casino games like online roulette and slots this quarter, and Sisal launched 84 new casino games, including several exclusive titles to keep things fresh.
Bigger Bets, Better Returns
Fans across the globe increased their stakes in Q3, meaning they bet more money overall during this period. Globally, sports betting stakes rose by 36%, with FanDuel leading the way with high wagers on NFL games, attracting a peak volume of bets even higher than last year’s Super Bowl. Flutter’s data shows that these bets are paying off: for example, U.S. sportsbook revenue grew 62%, and Australia saw an increase of 12% as well.
What’s Next for Flutter?
Flutter is making moves to expand even further. With its acquisition of Snai in Italy and NSX in Brazil set to finalize by mid-2025, it’s clear that Flutter is committed to growing in key markets. These expansions and a $5 billion share buyback program starting this month show the company’s confidence in its future and its dedication to returning value to its players and stakeholders.
For those who want to stay updated on the latest shifts and trends, we at Casin.com, The leading gambling information resource, will continue to follow the major players in the global gambling world and bring you the latest news as it happens. Stay tuned!
