In H1 2023, Flutter achieved profitability on both a US and group-wide level.
In the company’s earnings call, Jackson emphasized that 2023 was expected to be the tipping point for profitability.
Flutter CEO Peter Jackson highlighted the company’s size, revenue, and market share, solidifying its position as the largest online gaming business in the world.
Flutter recorded a 47% share of the total US sports betting market, maintaining its leadership position.
Despite a slight decline from the previous year, Jackson expressed satisfaction with the business’ results for the quarter.
Jackson emphasized the importance of scale and stated that the company would continue to acquire and invest in new companies.
Flutter aims to enhance its online casino offering and increase its market share in the igaming sector.
Jackson acknowledged past mistakes but noted the company’s growth in market share to 23% in the US.
Flutter will retain its market access agreement for Pokerstars and is open to launching multiple brands in the US.
Jackson addressed the ESPN deal and expressed confidence in Flutter’s ability to handle competition in the US market.
Flutter selectively pursues deals and transactions that align with its strategic objectives.
