Flutter Entertainment (FLUT) Fireside chat summary

Introduction and agenda

• The discussion featured U.S. and European analysts with the CEO and CFO, focusing on U.S. and international operations, recent performance, and future outlook.

Background and experience of the speaker

• Leadership changes at FanDuel were highlighted, with new leaders and a revised structure to sharpen execution.

Current industry trends

• U.S. sports betting handle has decelerated, with margin swings impacting results; iGaming is experiencing strong growth and market share gains.

• Parlay penetration and product innovation are key drivers for future margin and revenue growth.

• Internationally, tax changes in the U.K. and investments in Brazil and Australia are shaping performance.