Flutter Entertainment to Exit London Exchange, Sole NYSE Listing July 31
DKNG•Flutter Entertainment will delist from the London Stock Exchange on July 31, leaving New York as its sole listing venue. In Q1 revenue rose 17% to $4.3 billion while net income fell to $218 million and average monthly players dropped 3% to 14.4 million.
1. Delisting From London Exchange
Flutter Entertainment announced that July 31 will be its final day of trading on the London Stock Exchange, making the New York Stock Exchange its only listing venue. The move follows a strategic review of its UK listing and aligns with a broader trend of UK firms concentrating on U.S. capital markets.
2. Q1 Financial Performance
In the first quarter, Flutter’s revenue increased 17% year-over-year to $4.3 billion, driven by higher stakes during major sporting events. However, net income declined to $218 million from $283 million, and average monthly players fell 3% to 14.4 million, reflecting heightened competition and lower engagement.
3. Leadership Transition and Outlook
CEO Amy Howe will step down, with FanDuel President Christian Gentski taking the helm. Management expects the 2026 FIFA World Cup to boost user activity, projecting peak betting volumes of 100,000 wagers per minute, and plans to leverage its unified U.S. listing to attract new capital.
