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Sep 18 2020, 06:30 IST/BST
Flutter Entertainment
Reflections on a promising first half
- Sectors : Gaming
- Companies : Flutter Entertainment
DAVY VIEW
The first half of 2020 was a transformational period for Flutter Entertainment (Flutter). Progress made is supportive of its exciting growth-led investment thesis, with strong momentum apparent across multiple products and geographies. While much of the momentum will be offset in 2021 by a rebasing of the PokerStars business, the framework for multi-year growth is now firmly intact. We believe its share price has yet to reflect this medium-term growth opportunity and reiterate our ‘Outperform’ rating.
