Flutter CEO Predicts Strong World Cup Customer Growth, Announces New Partnership
FLUT sits 24% above its 52-week low of $91.52.
Summary
Flutter Entertainment's CEO, Peter Jackson, anticipates strong customer additions driven by the upcoming FIFA World Cup, especially in North America where many consumers are new to betting on football. The company is expanding its prediction market offerings through a new partnership with OG Prediction Markets. This positive outlook from management follows a challenging period for Flutter, which recently reported a a $407 million net loss for FY2025, lowered its FY2026 guidance, and is facing a lawsuit against its Betfair subsidiary. Customer acquisition during major global sporting events like the World Cup is a critical growth driver for sports betting companies.
At the time of this announcement, FLUT was trading at $113.30 on NYSE in the Trade & Services sector, with a market capitalization of approximately $19.6B. The 52-week trading range was $91.52 to $313.69. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ShareCast.