{"id":7035,"date":"2024-10-01T11:12:14","date_gmt":"2024-10-01T10:12:14","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=7035"},"modified":"2024-10-01T11:12:20","modified_gmt":"2024-10-01T10:12:20","slug":"flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/","title":{"rendered":"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027"},"content":{"rendered":"\n<p><strong>Flutter Entertainment<\/strong> has set a medium-term goal of doubling its corporate earnings to surpass <strong>$5 billion by 2027<\/strong>. This objective was outlined to shareholders of the NYSE-listed gambling group on Wednesday, as the company presented its strategic plan for growth. The strategy focuses on expanding in existing markets, entering new regions, and capitalizing on continued growth in the U.S.<\/p>\n\n\n\n<p><strong>Flutter<\/strong> highlighted the potential of the U.S. online gambling market (sports betting and casino), projecting it will grow to<strong> $63 billion by 2030 <\/strong>\u2014 an increase of over <strong>50% from forecasts made in 2022<\/strong>. The company emphasized its leadership in the U.S. and internationally through its portfolio of brands, which benefit from the &#8220;<strong>Flutter Edge<\/strong>,&#8221; leveraging global expertise in product development and technology.<\/p>\n\n\n\n<p>By 2027, Flutter expects around 80% of the U.S. population to have access to regulated sports betting markets as more states legalize online gambling. <strong>FanDuel<\/strong>, which currently holds the largest market share in U.S. sports betting, is anticipated to maintain its lead and significantly contribute to the group\u2019s revenue growth.<\/p>\n\n\n\n<p>Outside the U.S., Flutter is focused on expanding its global presence through strategic acquisitions. Recent deals include the <strong>\u20ac2.3 billion purchase<\/strong> of Italy&#8217;s <strong>Snaitech<\/strong> and a stake in Brazil\u2019s <strong>Betnacional<\/strong>. These moves align with the company\u2019s goal of tapping into new international markets and diversifying its revenue streams.<\/p>\n\n\n\n<p>Flutter also projected a substantial rise in group revenues, aiming <strong>for $21 billion by 2027<\/strong>, up from the current estimate <strong>of $14 billion<\/strong>. To further incentivize shareholders, the company announced a <strong>$5 billion <\/strong>share buyback program, showcasing its confidence in future cash flow growth and long-term value creation.<\/p>\n\n\n\n<p>CEO <strong>Peter Jackson<\/strong>: This will provide us with significant optionality for capital allocation, allowing us to be an \u201cAnd\u201d business with the capacity to invest for organic growth, and engage in value-creative M&amp;A, and also return a significant amount of capital to shareholders. Our intention to deliver up to $5bn of share repurchases over the next three to four years reflects our confidence in Flutter\u2019s future.\u201d<\/p>\n\n\n\n<p>Leadership remains confident that the company\u2019s strategic investments in technology, product innovation, and market expansion will secure its position as a global leader in online betting and gaming.<\/p>\n\n\n\n<p>Peter Jackson, commented:\u201cI am very excited about Flutter\u2019s strong trajectory and how well positioned we are to capitalize on a global regulated addressable market of nearly $370bn. With our unmatched scale, diversification, and our global differentiator, The Flutter Edge, we have clear sustainable global advantages that will continue to drive sustainable growth and power our financial model with operating leverage building over time.&nbsp;<\/p>\n\n\n\n<p>Jackson reiterated that regardless of political or regulatory shifts, the company\u2019s long-term outlook remains positive, buoyed by strong consumer demand for its products and services. With continued growth in the US and a focus on expanding into new markets, Flutter is well-positioned to meet its ambitious profit goals by 2027.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flutter Entertainment has set a medium-term goal of doubling its corporate earnings to surpass $5 billion by 2027. This objective was outlined to shareholders of the NYSE-listed gambling group on Wednesday, as the company presented its strategic plan for growth. The strategy focuses on expanding in existing markets, entering new regions, and capitalizing on continued [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":7036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1,564],"tags":[9848,385,9490,868,8448,9446],"class_list":["post-7035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","category-slider","tag-betnacional","tag-fanduel","tag-flutter-edge","tag-flutter-entertainment","tag-peter-jackson","tag-snaitech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027 - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027 - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"Flutter Entertainment has set a medium-term goal of doubling its corporate earnings to surpass $5 billion by 2027. This objective was outlined to shareholders of the NYSE-listed gambling group on Wednesday, as the company presented its strategic plan for growth. The strategy focuses on expanding in existing markets, entering new regions, and capitalizing on continued [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/\" \/>\n<meta property=\"og:site_name\" content=\"SBC EURASIA EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-01T10:12:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-01T10:12:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"660\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"nika rostiashvili\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nika rostiashvili\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/\"},\"author\":{\"name\":\"nika rostiashvili\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\"},\"headline\":\"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027\",\"datePublished\":\"2024-10-01T10:12:14+00:00\",\"dateModified\":\"2024-10-01T10:12:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/\"},\"wordCount\":497,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg\",\"keywords\":[\"Betnacional\",\"FanDuel\",\"Flutter Edge\",\"Flutter Entertainment\",\"Peter Jackson\",\"Snaitech\"],\"articleSection\":[\"Gambling\",\"News\",\"slider\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/\",\"url\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/\",\"name\":\"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027 - SBC EURASIA EN\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg\",\"datePublished\":\"2024-10-01T10:12:14+00:00\",\"dateModified\":\"2024-10-01T10:12:20+00:00\",\"author\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\"},\"breadcrumb\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#primaryimage\",\"url\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg\",\"contentUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg\",\"width\":660,\"height\":330},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sbceurasia.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#website\",\"url\":\"https:\/\/sbceurasia.com\/en\/\",\"name\":\"SBC EURASIA EN\",\"description\":\"SBC EURASIA\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sbceurasia.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\",\"name\":\"nika rostiashvili\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6fc38973002f762373f92f910cfe28498ceddc953e76061e3ae8b8afd9144b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6fc38973002f762373f92f910cfe28498ceddc953e76061e3ae8b8afd9144b4?s=96&d=mm&r=g\",\"caption\":\"nika rostiashvili\"},\"url\":\"https:\/\/sbceurasia.com\/en\/author\/nika\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027 - SBC EURASIA EN","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/","og_locale":"en_GB","og_type":"article","og_title":"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027 - SBC EURASIA EN","og_description":"Flutter Entertainment has set a medium-term goal of doubling its corporate earnings to surpass $5 billion by 2027. This objective was outlined to shareholders of the NYSE-listed gambling group on Wednesday, as the company presented its strategic plan for growth. The strategy focuses on expanding in existing markets, entering new regions, and capitalizing on continued [&hellip;]","og_url":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/","og_site_name":"SBC EURASIA EN","article_published_time":"2024-10-01T10:12:14+00:00","article_modified_time":"2024-10-01T10:12:20+00:00","og_image":[{"width":660,"height":330,"url":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg","type":"image\/jpeg"}],"author":"nika rostiashvili","twitter_card":"summary_large_image","twitter_misc":{"Written by":"nika rostiashvili","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#article","isPartOf":{"@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/"},"author":{"name":"nika rostiashvili","@id":"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0"},"headline":"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027","datePublished":"2024-10-01T10:12:14+00:00","dateModified":"2024-10-01T10:12:20+00:00","mainEntityOfPage":{"@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/"},"wordCount":497,"commentCount":0,"image":{"@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#primaryimage"},"thumbnailUrl":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg","keywords":["Betnacional","FanDuel","Flutter Edge","Flutter Entertainment","Peter Jackson","Snaitech"],"articleSection":["Gambling","News","slider"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/","url":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/","name":"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027 - SBC EURASIA EN","isPartOf":{"@id":"https:\/\/sbceurasia.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#primaryimage"},"image":{"@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#primaryimage"},"thumbnailUrl":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg","datePublished":"2024-10-01T10:12:14+00:00","dateModified":"2024-10-01T10:12:20+00:00","author":{"@id":"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0"},"breadcrumb":{"@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#primaryimage","url":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg","contentUrl":"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/10\/Flutter.jpg","width":660,"height":330},{"@type":"BreadcrumbList","@id":"https:\/\/sbceurasia.com\/en\/2024\/10\/01\/flutter-to-hold-5-billion-buyback-plans-to-double-revenue-by-2027\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sbceurasia.com\/en\/"},{"@type":"ListItem","position":2,"name":"Flutter to Hold $5 Billion Buyback, Plans to Double Revenue by 2027"}]},{"@type":"WebSite","@id":"https:\/\/sbceurasia.com\/en\/#website","url":"https:\/\/sbceurasia.com\/en\/","name":"SBC EURASIA EN","description":"SBC EURASIA","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sbceurasia.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0","name":"nika rostiashvili","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6fc38973002f762373f92f910cfe28498ceddc953e76061e3ae8b8afd9144b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6fc38973002f762373f92f910cfe28498ceddc953e76061e3ae8b8afd9144b4?s=96&d=mm&r=g","caption":"nika rostiashvili"},"url":"https:\/\/sbceurasia.com\/en\/author\/nika\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/posts\/7035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/comments?post=7035"}],"version-history":[{"count":1,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/posts\/7035\/revisions"}],"predecessor-version":[{"id":7037,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/posts\/7035\/revisions\/7037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/media\/7036"}],"wp:attachment":[{"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/media?parent=7035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/categories?post=7035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbceurasia.com\/en\/wp-json\/wp\/v2\/tags?post=7035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}