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Flutter Results Presentation Deck

Appendices US Sports revenue +70%, driven by sportsbook: Four new US states versus H1 2022 Revenue +51% in pre-2022 states Net revenue margin growth of 210bps due to structural margin improvements and favourable sports results Gaming revenue +44% driven by +48% AMP growth as we take share COS % decrease due to reduction in New York proportion of business where tax rates are higher Marketing as % of revenue reduced 11 ppt driven by leverage in existing states Other operating costs +45% reflecting expansion while delivering leverage £m Average monthly players ('000s) Sportsbook stakes Sportsbook net revenue margin Sports revenue Gaming revenue Total revenue Cost of sales Cost of sales as a % of net revenue Gross profit Sales & marketing costs Contribution Other operating costs Adjusted EBITDA Adjusted EBITDA margin Depreciation and amortisation Adjusted operating profit H1 2023 3,119 15,547 8.1% 1,371 425 1,797 (899) 50.0% 897 (484) 413 (364) 49 2.7% (53) H12022 2,188 10,911 6.0% 770 281 1,051 (544) 51.8% 507 (399) 108 (240) (132) (12.5%) (31) (162) YOY +43% +42% +210bps +78% +52% +71% +65% -170bps +77% +21% +282% +52% +1,530bps +74% +97% YOY CC +35% +210bps +70% +44% +63% +57% -180bps +69% +15% +284% +45% +1,570bps +66% +98% F II. 40
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