Gaming and entertainment heavyweight Flutter Entertainment has announced its preliminary results for 2021. The company reported group revenue went up 37% to £6 billion ($8 billion) from the previous fiscal year 2020, while reported group EBITDA decreased 6% to £723 million ($965.6 million).
CEO Peter Jackson said:
“2021 was another strong year for the group as we made good progress against our strategic objectives and grew our recreational customer base to over 7.6 million customers.”
2021 was a strong year for Flutter. The Group delivered pro forma revenue growth of 17% driven by an increase in recreational players of 23%. We are excited for growth in our core markets & exciting opportunities in the US & International. Read more here: https://t.co/sKAvbV9Klv pic.twitter.com/jvy1LchHQO
— Flutter plc (@FlutterPLC) March 1, 2022
The company —which operates brands such as FanDuel, PokerStars, Paddy Power, Betfair and FOX Bet— also announced trading for the first 7 weeks of 2022 has been “in line with expectations,” with group revenue already up 2% year on year.
“Overall, I am pleased with the progress we have made during 2021 and believe Flutter is exceptionally well-positioned for future growth.”
Flutter also launched its new sustainability initiative, the Positive Impact Plan, with which Flutter will “set a positive agenda for future change.” Jackson said:
“Through this strategy, we will build on the significant progress already made in areas such as safer gambling and measure our performance against defined goals to demonstrate how we are responsible leaders in our industry.”
Today we've launched our new sustainability strategy, the Positive Impact Plan. Focussed on three key areas – our customers, colleagues and communities – the plan brings together significant progress from across Flutter’s brands. https://t.co/zNenVZA95I pic.twitter.com/rtq1gp6S1A
— Flutter plc (@FlutterPLC) February 28, 2022
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