Key points:
- Flutter will report its financial earnings in two segments, US and Flutter International, as of Q1 2025
- Reports dating back as far as 2021 have been recast to reflect this change in reporting
Flutter has announced plans to adjust its reporting style in its financial results going forward, specifically in the segments it reports and how they are grouped.
Previously, Flutter reported four segments in its quarterly and annual reports; US, UK & Ireland, Australia and International. Now, this will be consolidated into two groups, with its Flutter International segment now set to also include its Australia and UK & Ireland results.
The new segment reporting will be seen in the operator’s upcoming Q1 report.
The move aligns with Flutter’s delisting from the Dublin stock exchange and primary listing on the New York Stock Exchange – a move analysts at the time described as leaving its previous primary listing in London a ‘jilted lover.’
Good to know: Flutter’s net income grew 113% for FY24, reaching $162m, with a total revenue of $14.05bn
While this will keep Flutter’s year-on-year and quarter-on-quarter financial tracking for its US segment the same, similar tracking for its other segments may provide a challenge beyond this point, due to independent reports of UK & Ireland and Australia results no longer being published. However, this has been mitigated by the operator via a recasting of financial information dating back to 2021.
The consolidation of non-US results follows soon after the operator announced it is in a bid to secure the Italian national lottery licence, via its local lottery brand Sisal and in collaboration with Scientific Games and private equity firm Brookfield.
The bid for the licence is predicted to reach up to €1.5bn ($1.62bn), on an initial bid of €1bn.
