Page 1

Flutter Flutter Entertainment plc - 2020 Preliminary Results Transformational year for Group ; Earnings ahead of expectations 2 March 2021 Flutter Entertainment plc ( the " Group " ) announces preliminary results for year ended 31 December 2020 . Reported¹ 2020 2019 2020 Pro forma² 2019 CC3 £ m £ m YoY % £ m £ m YoY % YoY % Group revenue4 4,398 2,140 + 106 % 5,264 4,144 + 27 % + 28 % Adjusted Group EBITDA excluding US 1,037 462 + 125 % 1,401 1,170 + 20 % + 23 % Adjusted Group EBITDA 889 425 + 109 % 1,231 1,089 + 13 % + 16 % Profit before tax 1 136 -99 % Earnings per share ? 29.3p 180.2p -84 % Adjusted earnings per share 402.7p 298.4p + 35 % 496.6p 415.7p + 19 % Net debt at year end³ 2,814 265 Operational highlights • • • • Transformational year for Group - Unparalleled scale and diversification achieved following merger with The Stars Group , Inc ( " TSG " ) Accelerated buy - out of minority shareholders in FanDuel at compelling valuation Reinforced balance sheet to support investment and growth Excellent momentum with 19 % growth in recreational players across Group - Acceleration of channel shift from retail to online and increased share of entertainment spend Further investment in safer gambling initiatives to ensure sustainable growth Enhanced predictive technology ; increase in safer gambling tool usage by customers Advocating a customer driven approach to affordability Merger integration progressing well - Australian integration complete , PokerStars strategy in place and core momentum maintained Annualised cost synergies now expected to be £ 170m , up from £ 140m previously US online leadership maintained with 40 % sports betting and 20 % gaming market shares in Q410 Total addressable market in 2025 now expected to exceed £ 14bn ( $ 20bn ) - 2020 contribution of £ 70m ( $ 91m ) from sportsbook and gaming customers acquired in 2018 and 2019 , demonstrating substantial US earnings power Record breaking Super Bowl LV ; over 350,000 sportsbook and gaming customers acquired , exceeding entire 2019 customer acquisition in 1 week ; strong start in both Michigan and Virginia Financials 1,2,3,5,6,11 • Growth in reported revenue and reported adjusted EBITDA reflects addition of TSG from May 2020 Reported profit of £ 1m after deduction of £ 432m in non - cash acquisition accounting adjustments • Pro forma revenue and EBITDA increased primarily due to customer growth and positive sports results • Pro forma online revenue of £ 5,035m , 34 % higher than 2019 , constituting 96 % of total Group revenue 1