Flutter Entertainment plc (PDYPY) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

SA Transcripts158.81K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Flutter Entertainment plc (PDYPY) Morgan Stanley Technology, Media & Telecom Conference 2026 March 4, 2026 5:35 PM EST Company Participants Jeremy Jackson - CEO & Executive DirectorRob Coldrake - Chief Financial Officer Conference Call Participants Edward Young - Morgan Stanley, Research Division Presentation Edward YoungMorgan Stanley, Research Division So hello. I'm delighted to be joined by Peter Jackson and Rob Coldrake, from Flutter. Thanks very much for joining us again at the conference. Jeremy JacksonCEO & Executive Director Thank you very much for having us. Question-and-Answer Session Edward YoungMorgan Stanley, Research Division So you reported results last week. Revenue was up 17%, EBITDA was up 21%. But obviously, an awful lot of drivers within the business. So perhaps for ease, we'll start with the U.S., as you probably expect me to say. So I guess as a sort of short overview at the start what did you make of the U.S. performance in '25? Jeremy JacksonCEO & Executive Director Yes. well thank you, Ed. I mean hopefully, we'll get to speak about international... Edward YoungMorgan Stanley, Research Division You will. Jeremy JacksonCEO & Executive Director As that is an important part of the business. But from a U.S. perspective, I think that -- look, let's start with the most successful part of our business, which is the iGaming business. We exited Q4 with 28% of GGR. I think our strategy of building exclusive content, having access to the loyalty program has been working really effectively for us. We're excited with the way that the business exited last year and the prospects for it through the course of this year. If I take our sports business, I have no doubt we'll talk about Q4 at some stage. Actually, the progress we're making in terms of getting towards our