Flutter CEO talks expansion plans, NYSE listing
03/26/2024 23:16Shares of Flutter Entertainment (FLUT) — the owner of the popular sports betting app FanDuel — are soaring after the company reported a revenue jump of over 40%. Flutter CEO Peter Jackson joins Yahoo Finance Live to discuss the company's future plans. Jackson attributes the company's growth to the "outstanding performance" it witnessed at FanDuel. He notes that sports betting has allowed the company to expand its consumer base, which has, in turn, boosted profitability both internationally and domestically. While acknowledging the competitive environment, Jackson believes that if Flutter "keeps delivering the best product," with initiatives such as special offerings for major sports events, it will continue to attract customers. Jackson describes Flutter's listing as "a big change" for the business but is content to involve shareholders in the company's success. He also reveals plans to move the stock to the New York Stock Exchange in May, aiming to grow US business further. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Shares of Flutter Entertainment (FLUT) — the owner of the popular sports betting app FanDuel — are soaring after the company reported a revenue jump of over 40%. Flutter CEO Peter Jackson joins Yahoo Finance Live to discuss the company's future plans.
Jackson attributes the company's growth to the "outstanding performance" it witnessed at FanDuel. He notes that sports betting has allowed the company to expand its consumer base, which has, in turn, boosted profitability both internationally and domestically.
While acknowledging the competitive environment, Jackson believes that if Flutter "keeps delivering the best product," with initiatives such as special offerings for major sports events, it will continue to attract customers.
Jackson describes Flutter's listing as "a big change" for the business but is content to involve shareholders in the company's success. He also reveals plans to move the stock to the New York Stock Exchange in May, aiming to grow US business further.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith