Flutter Shares Surge Despite NFL Betting Losses; Set to List on NYSE

Despite a hit from NFL wagers, Flutter's shares rose 15%, with FanDuel maintaining its top position in the U.S. market. The company is set to list on the New York Stock Exchange at the end of January.

Flutter Entertainment's shares surged 15% despite a financial hit from NFL wagers in November, with its FanDuel subsidiary falling short of revenue expectations at $1.4 billion.
Despite the losses, FanDuel remains the top bookmaker in the U.S. with a 43% gross gaming revenue share, and metrics suggest improving customer retention and margins.
Flutter's shares will begin trading on the New York Stock Exchange on Jan. 29, and the company will switch from reporting its results in British pounds to U.S. dollars.
Flutter's total revenue across all businesses rose to £9.5 billion, up 25% from 2022, with 40% of its revenue attributed to the U.S. market.
Flutter's UK and Ireland revenue rose 19%, compensating for a slowdown in the Australian market.