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1. Q2 2024 Financial Results: Flutter Entertainment reported strong Q2 results, with revenue surging to $3.61 billion, up from $3 billion last year1. This performance has led the company to raise its fiscal year 2024 guidance1.
2. Stock Performance: Following the Q2 results, Flutter’s stock rose by 9.7% in post-market trading, reaching around $2102. The stock is up 6.9% year-to-date2.
3. Guidance and Market Position: The company has raised its revenue guidance for 2024, expecting U.S. revenue to be between $6.05 billion and $6.35 billion2. Flutter’s FanDuel brand continues to dominate the U.S. market, holding a significant market share3.
These trends indicate strong financial health and market confidence in Flutter Entertainment. Is there anything specific you would like to delve into regarding their performance or future outlook?
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