Flutter Targets $500 Million Savings by 2029 as Prediction Markets Add $50 Million Revenue
Updated
Updated · Pulse 2.0 · Aug 16
Flutter Targets $500 Million Savings by 2029 as Prediction Markets Add $50 Million Revenue
1 articles · Updated · Pulse 2.0 · Aug 16
Summary
$500 million in new gross operating-cost and capex savings is the goal of Flutter’s phase-two transformation program, extending a broader efficiency push through 2029.
The plan widens across Flutter’s global business by cutting duplicated functions, improving technology efficiency, aligning corporate teams and deploying AI to offset inflation and tax increases while preserving investment capacity.
About $50 million in 2026 market-making revenue is already expected from prediction markets, where Flutter says FanDuel Predicts is scaling quickly with limited cannibalization of existing sportsbook activity.
Q2 revenue rose 3% to $4.326 billion and free cash flow increased 21% to $189 million, while adjusted EBITDA fell 45% to $508 million as Flutter absorbed investment, taxes and other pressures.
More than $300 million of earlier savings remains on track by 2027, plus roughly $200 million tied to U.K. gaming-tax mitigation, supporting Flutter’s 5% to 10% long-term international revenue-growth target.