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 ...