Flutter Results Presentation Deck
US: FanDuel sportsbook and gaming contribution positive
Breakdown of FY21 US EBITDA loss of $333m¹
($'m)
% of customers
38%
388
62%
(374)
Existing sportsbook
and gaming
customers
Flutter
2021 new
customers
14
Sportsbook &
casino
contribution
Customers acquired in-
year will become
smaller % of overall
188
base key driver of
future profitability
TVG & DFS
-
(458)
Other
Opex
(76)
FOX Bet
EBITDA
(333)
US EBITDA
●
Pre 2021 customers funding
further acquisition
Positive contributions¹ from
New Jersey, Pennsylvania,
Illinois and Indiana
Material investment
continued in existing and
new states
Material contribution from
TVG and DFS
Confident Flutter US will be
profitable in 2023², based
on current regulatory
outlook
¹ Contribution is defined as gross profit less sales and marketing expense. Growth from existing sportsbook and gaming customers represents in-year contribution from customers acquired
pre-2021 less an allocation for retention marketing. New customers acquired in 2021, includes gross profit generated from these customers in that period.
2 2023 profit projection is based on current timing expectations of regulatory developments and new state launches in 2022 and 2023.
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