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Online sports betting and iGaming company Flutter Entertainment plc (NYSE:FLUT) shares are trading higher after the company announced medium-term guidance for 2027 and authorized a share repurchase program. The company targets revenue of around $21 billion in 2027, representing a compound annual growth rate (CAGR) of 14%, based on the midpoint of U.S. and Rest of World (ROW) 2027 guidance. Also, Flutter projects an adjusted EBITDA of over $5 billion, adjusted EBITDA margin expansion of 700 basis points, and free cash flow of around $2.5 billion by 2027. The significant total addressable market (TAM) for regulated gaming is projected to reach $368 billion by 2030, with global gross gaming revenue (GGR) expected to grow ...


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