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.
在線體育博彩和arvr遊戲公司Flutter Entertainment plc (NYSE:FLUT)股票在公司宣佈2027年中期指導和授權股票回購計劃後交易上漲。
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.
公司預計2027年營業收入約210億美元，代表基於美國和其餘世界（ROW）2027年指導中位數的14%的複合年增長率（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公司預計到2027年調整後的EBITDA將超過500億美元，調整後的EBITDA利潤率將擴大700個點子，到2027年自由現金流將達到約250億美元。
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%.
受監管博彩的重要總可尋市場（TAM）預計到2030年將達到3680億美元，全球毛博彩營收（GGR）預計將以8%的複合年增長率（CAGR）增長。
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.
特別是對於美國，體育博彩的長期毛博彩營收（GGR）利潤率預計將達到16%，到2027年將達到15%，導致FanDuel的淨博彩營收（NGR）利潤率爲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.
對於其餘世界（ROW），公司預計長期營業收入CAGR爲5%-10%，到2027年營業收入預計中位數將達到約115億美元，包括Snai和NSX，而現有ROW營業收入約爲95億美元。
Additionally, ROW cost efficiency programs are anticipated to generate savings of approximately $300 million in 2027.
此外，ROW成本效率計劃預計將在2027年實現約3000萬美元的節省。
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，董事會批准了高達500億美元的股票回購計劃，計劃在未來三到四年內實施，預計將在2024年11月第三季度業績發佈後啓動。
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首席執行官彼得·傑克遜表示，2027年美國利潤增長預測基於當前監管環境，對潛在稅收變化的信懇智能。
The company is open to acquiring capabilities in the U.S. and pursuing mergers and acquisitions beyond fragmented global opportunities.
公司歡迎在美國收購能力，並在分散的全球機會之外進行併購。
Read: Flutter Entertainment Snaps Up Snaitech For €2.3B, Aiming To Dominate Italy's Online Betting Scene
閱讀：Flutter娛樂公司以23億歐元收購Snaitech，旨在主導意大利的在線博彩市場
Jackson also anticipates a yearly increase of about 2 percentage points in the U.S. sportsbook population as new states come online.
傑克遜還預計，隨着新州開始在線，美國體育書籍的年增長率約爲2個百分點。
Investors can gain exposure to the stock via VanEck Gaming ETF (NASDAQ:BJK).
投資者可以通過博彩etf-vaneck (納斯達克：BJK) 持有該股票。
Price Action: FLUT shares are up 7.6% at $245.50 at the last check Wednesday.
股價行動：FLUt股價在週三最後一次查看時上漲了7.6%，至245.50美元。
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