Month: May 2025

Gentoo Media Reports Q1 Revenue Decline Amid Post-Demerger Strategy Shift

Gentoo Media reported Q1 2025 revenue of €24.8 million, marking an 11% decrease from €28.0 million in Q1 2024. The drop was primarily attributed to regulatory changes in Brazil and transitional impacts following its demerger from the Platform & Sportsbook division.

EBITDA before special items reached €8.2 million, with a margin of 33%, down from 48% a year earlier. Net cash flow was impacted by deferred acquisition payments and demerger-related costs, totaling €22.5 million.

Despite the downturn, Gentoo emphasized the resilience of its recurring revenue streams and continued cash-generating capability, supporting financial stability.

Strategic Refocus After Demerger: Following its separation from the Platform & Sportsbook unit, Gentoo Media completed a strategic review focused on operational efficiency and long-term growth. Key initiatives include:

  • Exiting lower-margin segments and resizing the cost base for annual savings
  • Strengthening leadership, including appointing a new CFO
  • Reallocating resources to high-value, scalable business areas

These moves are designed to position the company for sustained profitability and improved resilience in future quarters.

Outlook for 2025: Gentoo expects stronger performance in the second half of the year and aims to keep full-year revenues close to 2024 levels. The company is targeting EBITDA margins in the 40–45% range for the remainder of 2025.

Flutter Reports $3.67B in Q1 2025 Revenue, U.S. Growth Leads Strong Results

Flutter Entertainment posted strong financial results for Q1 2025, with revenue reaching $3.67 billion, an 8% year-over-year increase. Net income swung to $335 million, a substantial improvement from a $177 million loss in Q1 2024. The performance was fueled primarily by continued momentum in the U.S. market.

U.S. Market Performance:

  • Revenue up 18% YoY, driven by:
    • +15% in sports betting
    • +32% in iGaming
  • FanDuel maintained market leadership:
    • 43% share in U.S. sports betting GGR
    • 27% share in iGaming
  • U.S. adjusted EBITDA rose to $161 million (up from $26 million YoY)
  • Monthly active players grew 11% in the U.S. to 4.3 million

Total active players globally: 14.88 million (+8% YoY)

International Market Highlights:

  • Revenue flat YoY; +3% at constant currency
  • Regional growth:
    • Southern Europe & Africa: +14%
    • Central & Eastern Europe: +15%
    • Asia Pacific: –13%
    • Brazil: –44%
  • iGaming revenue globally: +4%, supported by UK, Ireland, Southeast Asia

Snai Acquisition and Strategic Expansion:

  • Snai acquisition in Italy completed April 30
  • Adds $850 million in expected annual revenue
  • Boosts Flutter’s presence in Southern Europe

Earnings & Outlook:

  • EPS: +2.67 YoY; Adjusted EPS: $1.59 (+51%)
  • FY 2025 guidance raised:
    • Revenue: $17.08 billion (+22% YoY)
    • Adjusted EBITDA: $3.18 billion (+35% YoY)

Flutter attributes growth to U.S. scale, strong brand performance, and benefits from recent M&A activity, reinforcing its strategic positioning across key global markets.