Flutter Bets Big On US And Global Expansion: $21B Revenue Goal And $5B Buyback In Sight
Flutter Bets Big On US And Global Expansion: $21B Revenue Goal And $5B Buyback In Sight
The significant total addressable market (TAM) for regulated gaming is projected to reach $368 billion by 2030, with global gross gaming revenue (GGR) expected to grow at a compound annual growth rate (CAGR) of 8%.Online sports betting and iGaming company Flutter Entertainment plc (NYSE:FLUT) shares are trading higher after the company announced medium-term guidance for 2027 and authorized a share repurchase program.
在线体育博彩和arvr游戏公司Flutter Entertainment plc (NYSE:FLUT)股票在公司宣布2027年中期指导和授权股票回购计划后交易上涨。
The company targets revenue of around $21 billion in 2027, representing a compound annual growth rate (CAGR) of 14%, based on the midpoint of U.S. and Rest of World (ROW) 2027 guidance.
公司预计2027年营业收入约210亿美元，代表基于美国和其余世界（ROW）2027年指导中位数的14%的复合年增长率（CAGR）。
Also, Flutter projects an adjusted EBITDA of over $5 billion, adjusted EBITDA margin expansion of 700 basis points, and free cash flow of around $2.5 billion by 2027.
此外，Flutter公司预计到2027年调整后的EBITDA将超过500亿美元，调整后的EBITDA利润率将扩大700个基点，到2027年自由现金流将达到约250亿美元。
The significant total addressable market (TAM) for regulated gaming is projected to reach $368 billion by 2030, with global gross gaming revenue (GGR) expected to grow at a compound annual growth rate (CAGR) of 8%.
受监管博彩的重要总可寻市场（TAM）预计到2030年将达到3680亿美元，全球毛博彩营收（GGR）预计将以8%的复合年增长率（CAGR）增长。
In particular, for the U.S., the long-term gross gaming revenue (GGR) margin for sportsbooks is projected to be 16%, reaching 15% by 2027, resulting in a net gaming revenue (NGR) margin of 12% for FanDuel.
特别是对于美国，体育博彩的长期毛博彩营收（GGR）利润率预计将达到16%，到2027年将达到15%，导致FanDuel的净博彩营收（NGR）利润率为12%。
For Rest of the World (ROW), the company anticipates a long-term revenue CAGR of 5%-10%, with 2027 revenue expected to reach approximately $11.5 billion at the midpoint, including Snai and NSX, while existing ROW revenue is around $9.5 billion.
对于其余世界（ROW），公司预计长期营业收入CAGR为5%-10%，到2027年营业收入预计中位数将达到约115亿美元，包括Snai和NSX，而现有ROW营业收入约为95亿美元。
Additionally, ROW cost efficiency programs are anticipated to generate savings of approximately $300 million in 2027.
此外，ROW成本效率计划预计将在2027年实现约3000万美元的节省。
Apart from this, the Board approved a share buyback program of up to $5 billion, set to be implemented over the next three to four years, with a launch anticipated after the third-quarter earnings report in November 2024.
除此之外，董事会批准了高达500亿美元的股票回购计划，计划在未来三到四年内实施，预计将在2024年11月第三季度财报发布后启动。
Flutter's CEO, Peter Jackson, indicated that the 2027 U.S. profit growth projection is based on the current regulatory environment, with confidence in offsetting potential tax changes.
Flutter首席执行官彼得·杰克逊表示，2027年美国利润增长预测基于当前监管环境，对潜在税收变化的信恳智能。
The company is open to acquiring capabilities in the U.S. and pursuing mergers and acquisitions beyond fragmented global opportunities.
公司欢迎在美国收购能力，并在分散的全球机会之外进行并购。
Read: Flutter Entertainment Snaps Up Snaitech For €2.3B, Aiming To Dominate Italy's Online Betting Scene
阅读：Flutter娱乐公司以23亿欧元收购Snaitech，旨在主导意大利的在线博彩市场
Jackson also anticipates a yearly increase of about 2 percentage points in the U.S. sportsbook population as new states come online.
杰克逊还预计，随着新州开始在线，美国体育书籍的年增长率约为2个百分点。
Investors can gain exposure to the stock via VanEck Gaming ETF (NASDAQ:BJK).
投资者可以通过博彩etf-vaneck (纳斯达克：BJK) 持有该股票。
Price Action: FLUT shares are up 7.6% at $245.50 at the last check Wednesday.
股价行动：FLUt股价在周三最后一次查看时上涨了7.6%，至245.50美元。
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