Flutter reported strong H1 20 numbers – beating estimates on both the topline and earnings. Revenue (£1.52bn) was up 22%, while adjusted EBITDA (£342m) rose 35%, both on a pro forma basis. Management now expects ex-US pro forma adjusted EBITDA of £1,175-1,325m, and a £140-160m loss in the US. Hence, aggregate FY20 EBITDA should come in at £1.02-1.19bn, well ahead of estimates. Following the strong performance, we will upgrade our estimates as well as the ta
29 Aug 2020
H1 20: diversification benefits
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H1 20: diversification benefits
Flutter Entertainment Plc (FLTR:LON) | 15,790 0 0.0% | Mkt Cap: 27,968m
- Published:
29 Aug 2020 -
Author:
Virendra Chauhan -
Pages:
3
Flutter reported strong H1 20 numbers – beating estimates on both the topline and earnings. Revenue (£1.52bn) was up 22%, while adjusted EBITDA (£342m) rose 35%, both on a pro forma basis. Management now expects ex-US pro forma adjusted EBITDA of £1,175-1,325m, and a £140-160m loss in the US. Hence, aggregate FY20 EBITDA should come in at £1.02-1.19bn, well ahead of estimates. Following the strong performance, we will upgrade our estimates as well as the ta