Flutter Entertainment (FLUT) Fireside Chat summary

Introduction and agenda

• Discussion opened with reflections on Q2 results, market reaction, and key strategic initiatives delivered across the U.S. and international divisions.

• Agenda included U.S. growth, international expansion, product innovation, regulatory landscape, and financial performance.

Background and experience of the speaker

• Rob Coldrake, relatively new CFO, shared insights from his transition and Investor Day preparations.

Current industry trends

• U.S. market growth remains robust, with high momentum in both mature and newer states, and iGaming penetration still rising.

• Parlay and live betting products are driving engagement and revenue, with innovation in product features like Your Way and same game parlays.

• International markets such as Italy, Turkey, India, and Brazil are showing strong organic and acquisition-driven growth.

• Regulatory and tax changes are ongoing themes, with Illinois seen as an outlier and continued vigilance on global tax policy.