Flutter Entertainment (FLUT) Fireside chat summary

Introduction and agenda

• Brandt Montour opened the discussion with CEO Dan Taylor and CFO Rob Coldrake, inviting audience questions.

• The conversation covered four priorities: defend U.S. leadership, pursue prediction markets, grow international operations, and simplify the organization.

Background and experience of the speaker

• Taylor said he had spent more than 11 years with the business and had previously run its international operations.

• He cited experience across sports betting and iGaming markets, including the U.K., Italy, Central and Eastern Europe, Australia, and Turkey.

Current industry trends

• U.S. sportsbook penetration reaches about half of states and iGaming about 10%; management sees room for state expansion, greater player frequency, and higher ARPU.

• U.S. competition has intensified through higher marketing and promotional spend; sportsbook market growth and iGaming growth have been below earlier expectations or are moderating.

• International operations are gaining share in the U.K., Italy, and Central and Eastern Europe; management cited double-digit growth in Central Europe and a 5%-10% international growth range.

• Management expects U.S. iGaming to hold share in 2027 amid sustained competition and new entrants, while hoping for state expansion to support longer-term growth.