Flutter the Only Gaming Company To Make Latest Time Magazine Top 100 List

Article by : Erik Gibbs Jun 9, 2024

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Flutter Entertainment has been named one of TIME’s 100 Most Influential Companies of 2024 and recognized as a “Pioneer” in this year’s prestigious list.

The path to TIME’s list is arduous, involving nominations and polls with contributions from correspondents and contributors worldwide, ensuring a thorough and globally informed evaluation of candidates.

CEO Peter Jackson commended the company’s global workforce, attributing the recognition to their dedication and recent achievements. Jackson underscored that this honor is not just a reflection of past successes but also a catalyst for future expansion, a testament to the company’s unwavering commitment to innovation and growth.

“I am enormously proud of everyone across our global business for working so tirelessly to make Flutter the fantastic company it is today. Receiving this recognition from TIME offers a well-deserved moment to reflect on our recent successes as we fix our sights firmly on our next phase of growth,” Jackson said.

This inclusion marks TIME’s fourth annual recognition of influential companies across various sectors. It is noteworthy that Flutter Entertainment is the only company from the gambling sector to be featured in 2024.

Based in Ireland, Flutter Entertainment has demonstrated remarkable financial performance. For the fiscal year 2023, the company generated $12 billion in revenue, which represents a 25% year-over-year increase. The company also reported an average of 12.3 million active monthly players worldwide, highlighting its extensive reach and popularity in the global market.

Continuing its growth trajectory, Flutter reported $3.4 billion in revenue for the first quarter of 2024, a 16% increase compared to the same period in the previous year. This sustained growth is indicative of the company’s robust business model and effective market strategies.

A significant milestone for Flutter was its strengthened presence in the American market, achieved by listing on the New York Stock Exchange. To streamline its regulatory obligations, Flutter delisted from Euronext Dublin while maintaining its listing on the London Stock Exchange, ensuring a focused and strategic approach to its market presence.

TIME’s recognition not only highlights Flutter Entertainment’s influential role in the industry but also sets a benchmark for its future endeavors. The company’s ability to innovate, expand, and adapt in a dynamic market environment continues to drive its success and influence on a global scale.