FanDuel’s revenue is expected to grow by 14% annually, reaching approximately $21 billion by 2027, according to executives ahead of an investor presentation on Wednesday. This projection exceeds analysts’ estimates.
“I’ve never been more excited about our business and the opportunities ahead of us,” said CEO Peter Jackson in an interview. “We’re experiencing strong momentum across all our markets and are outpacing market growth.”
Flutter has been expanding through both internal growth and acquisitions, a trend Jackson anticipates will continue. Recently, Flutter announced plans to acquire Playtech Plc’s Italian gaming business for $2.6 billion and invest around $350 million in Brazil’s NSX Group, capitalizing on the emerging market.
“We like to tackle multiple initiatives simultaneously,” Jackson noted. “The various components of our business work together to strengthen our overall position.”
As part of its outlook, Flutter projected earnings exceeding $5 billion before interest, taxes, and depreciation for 2027, surpassing analysts’ average prediction of $4.61 billion from nine estimates.
In the U.S. specifically, Flutter expects revenues of about $9.7 billion and adjusted earnings of $2.4 billion by 2027.
Additionally, Flutter has authorized a $5 billion stock repurchase program.