Online gaming and sports betting powerhouse Flutter Entertainment has revealed upcoming changes to its reporting. Set to take effect from the company’s upcoming quarterly report, the changes will see its reports split into two segments.

Flutter Will Change Its Reporting

Flutter Entertainment announced that its new approach will see it report the financials of its US and international segments. For reference, US reporting will comprise the highly popular FanDuel brand, consistent with its 2024 reporting.

In the meantime, all other brands will be lumped into the Flutter International category. This will include its businesses in the UK and Ireland, Australia and other countries. Flutter International will notably exclude unallocated corporate overhead.

According to Flutter’s management, this change will reflect its current business model and the way in which it manages operations and allocates resources.

The changes will have no impact on Flutter’s historical consolidated financials. However, the financial information for 2024 has been recast to be consistent with the changes. Recast information, including quarterly reports for the period 2021-2024 can be found on its official website, under the Results, Reports and Presentations section.

The recasts seek to align the latest reports to the new reporting style, making it easy for investors to navigate Flutter Entertainment’s financials. Flutter emphasized that it does not represent a restatement of previously issued financial statements.

NASDAQ Weighs in on the Matter

According to NASDAQ experts, Flutter’s latest move could have a few positives and negatives. In terms of the positives, the marketplace said that the new model will better reflect Flutter’s business, potentially providing enhanced clarity for investors and stakeholders.

NASDAQ also praised Flutter’s decision to recast its results for the past few years, ensuring transparency and consistency. It added that the changes will further highlight Flutter’s leadership position in iGaming and online sports betting.

At the same time, the reporting changes could have certain drawbacks, including transparency concerns and the exclusion of unallocated corporate overhead from the reporting. The change could also cause uncertainty among investors and stakeholders.

Additionally, even though Flutter insisted that the changes have no impact on its historical finances, it might suggest shifts in its operations and goals that some investors might dislike.

Flutter Going from Strength to Strength

Earlier this month, Flutter Entertainment posted its financials for Q4, highlighting its continued success. The company posted favorable results for the period and signaled an optimistic outlook for 2025.

Leaders later discussed the company’s prospects, expressing confidence in its margins. Representatives noted that online casino gaming is a very promising vertical that continues to drive customer acquisition. At the same time, Flutter leaders are keen to explore prediction market opportunities.

Company executives said that they were satisfied with Flutter’s growth in many regions and were looking forward to further realized potential in Brazil.

In other news, Flutter just challenged IGT for Italy’s oldest lottery license. Although this could prove to be a difficult battle, success could provide further growth opportunities for the company.