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Flutter Flutter Entertainment plc - 2020 Preliminary Results Transformational year for Group ; Earnings ahead of expectations Flutter Entertainment plc ( the " Group " ) announces preliminary results for year ended 31 December 2020 . Reported ¹ 2019 £ m 2,140 462 Group revenue4 Adjusted5 Group EBITDA6 excluding US Adjusted Group EBITDA Profit before tax Earnings per share7 Adjusted earnings per share Net debt at year end Operational highlights ● ● ● ● 2020 £ m 4,398 1,037 889 1 29.3p 402.7p 2,814 425 136 180.2p 298.4p 265 - YOY % + 106 % + 125 % + 109 % -99 % -84 % + 35 % 2020 £ m 5,264 1,401 1,231 2 March 2021 Pro forma² 2019 £ m YOY % 4,144 + 27 % 1,170 + 20 % 1,089 + 13 % 496.6p 415.7p + 19 % 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 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 10 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 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 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 CC³ YOY % + 28 % + 23 % + 16 %