Flutter Entertainment plc(:FLUT) 
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting p...
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• Market Cap:
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• Employees:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2020-02-27 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2019-03-06 | 2018-11-16 | 2018-08-13 | 2018-05-10 | 2018-03-14 | 2017-11-09 | 2017-08-09 | 2017-05-12 | 2016-11-14 | 2016-08-12 | 2016-05-16 | 2015-11-10 | 2015-10-20 | 2015-08-13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 4,304,000,000 | 4,737,000,000 | 3,794,000,000 | 4,187,000,000 | 3,665,000,000 | 3,792,000,000 | 3,248,000,000 | 3,611,000,000 | 3,397,000,000 | 2,528,448,000 | 622,484,000 | 637,618,000 | 580,384,000 | 2,029,238,000 | ||||||||||||||
yoy | 17.44% | 24.92% | 16.81% | 15.95% | 7.89% | 28.46% | 480.10% | 432.76% | 24.60% | |||||||||||||||||||
qoq | -9.14% | 24.86% | -9.39% | 14.24% | -3.35% | 16.75% | -10.05% | 6.30% | 306.19% | -2.37% | 9.86% | -71.40% | ||||||||||||||||
cost of sales | -2,467,000,000 | -2,627,000,000 | -2,168,000,000 | -2,228,000,000 | -1,956,000,000 | -1,966,000,000 | -1,752,000,000 | -1,793,000,000 | ||||||||||||||||||||
gross profit | 1,837,000,000 | 2,110,000,000 | 1,626,000,000 | 1,959,000,000 | 1,709,000,000 | 1,826,000,000 | 1,496,000,000 | 1,776,000,000 | 1,604,000,000 | 1,835,386,000 | 456,459,000 | 463,708,000 | 417,748,000 | 1,570,074,000 | 442,757,000 | 327,875,000 | ||||||||||||
yoy | 7.49% | 15.55% | 8.69% | 10.30% | 6.55% | -18.49% | 289.08% | 245.91% | 16.90% | 3.09% | 41.43% | |||||||||||||||||
qoq | -12.94% | 29.77% | -17.00% | 14.63% | -6.41% | 22.06% | -15.77% | 10.72% | 302.09% | -1.56% | 11.00% | -73.39% | 254.61% | 35.04% | ||||||||||||||
gross margin % | 42.68% | 44.54% | 42.86% | 46.79% | 46.63% | 48.15% | 46.06% | 49.18% | 47.22% | NaN% | 72.59% | 73.33% | 72.73% | 71.98% | 77.37% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
technology, research and development expenses | -259,000,000 | -245,000,000 | -275,000,000 | -256,000,000 | -215,000,000 | -201,000,000 | -213,000,000 | -190,000,000 | ||||||||||||||||||||
sales and marketing expenses | -966,000,000 | -1,083,000,000 | -966,000,000 | -789,000,000 | -840,000,000 | -830,000,000 | -748,000,000 | -881,000,000 | ||||||||||||||||||||
general and administrative expenses | -533,000,000 | -524,000,000 | -702,000,000 | -525,000,000 | -431,000,000 | -516,000,000 | -438,000,000 | -409,000,000 | ||||||||||||||||||||
operating profit | 79,000,000 | 258,000,000 | -834,000,000 | 389,000,000 | 223,000,000 | 279,000,000 | 97,000,000 | 369,000,000 | 124,000,000 | |||||||||||||||||||
yoy | -64.57% | -7.53% | -959.79% | 5.42% | 79.84% | |||||||||||||||||||||||
qoq | -69.38% | -130.94% | -314.40% | 74.44% | -20.07% | 187.63% | -73.71% | 197.58% | ||||||||||||||||||||
operating margin % | 1.84% | 5.45% | -21.98% | 9.29% | 6.08% | 7.36% | 2.99% | 10.22% | 3.65% | NaN% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
other income | 311,000,000 | 64,000,000 | 152,000,000 | -74,000,000 | 216,000,000 | 89,000,000 | ||||||||||||||||||||||
interest expense | -156,000,000 | -168,000,000 | -152,000,000 | -110,000,000 | -85,000,000 | -94,000,000 | -105,000,000 | -112,000,000 | ||||||||||||||||||||
income before income taxes | 234,000,000 | 154,000,000 | -834,000,000 | 205,000,000 | 354,000,000 | -42,000,000 | -130,000,000 | 350,000,000 | -162,000,000 | -41,930,000 | ||||||||||||||||||
income tax expense | -25,000,000 | -168,000,000 | -19,000,000 | |||||||||||||||||||||||||
net income | 209,000,000 | 10,000,000 | -789,000,000 | 37,000,000 | 335,000,000 | 156,000,000 | -114,000,000 | 297,000,000 | -177,000,000 | |||||||||||||||||||
yoy | -37.61% | -93.59% | 592.11% | -87.54% | -289.27% | |||||||||||||||||||||||
qoq | 1990.00% | -101.27% | -2232.43% | -88.96% | 114.74% | -236.84% | -138.38% | -267.80% | ||||||||||||||||||||
net income margin % | 4.86% | 0.21% | -20.80% | 0.88% | 9.14% | 4.11% | -3.51% | 8.22% | -5.21% | NaN% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
net income attributable to non-controlling interests and redeemable non-controlling interests | -7,000,000 | -3,500,000 | -29,000,000 | 12,000,000 | 3,000,000 | 6,750,000 | 5,000,000 | 18,000,000 | ||||||||||||||||||||
adjustment of redeemable non-controlling interest to redemption value | -2,000,000 | 31,000,000 | -70,000,000 | -80,000,000 | 49,000,000 | 49,000,000 | -16,000,000 | 18,000,000 | 15,000,000 | |||||||||||||||||||
net income attributable to flutter shareholders | 218,000,000 | 105,000,000 | 283,000,000 | 261,000,000 | ||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||
basic | 1.24 | 0.59 | 1.59 | 1.47 | ||||||||||||||||||||||||
diluted | 1.23 | 0.59 | 1.57 | 1.45 | ||||||||||||||||||||||||
other comprehensive income, net of tax: | ||||||||||||||||||||||||||||
effective portion of changes in fair value of cash flow hedges | 17 | -1 | 12 | -67 | -44 | 99 | -124 | 23 | ||||||||||||||||||||
fair value of cash flow hedges transferred to the income statement | -11 | -1 | -13 | 65 | 36 | -85 | 119 | 12 | -14 | |||||||||||||||||||
changes in excluded components of fair value hedge | 1 | -16 | 5 | -1 | -1 | -1 | ||||||||||||||||||||||
foreign exchange gain on net investment hedges | 1 | 13 | -66 | -30 | 17 | 27 | 50 | -21 | ||||||||||||||||||||
foreign exchange gain on translation of the net assets of foreign currency denominated entities | -132 | -67 | -82 | 778 | 369 | -879 | 570 | -185 | ||||||||||||||||||||
income tax expense related to items of other comprehensive loss | -1 | |||||||||||||||||||||||||||
other comprehensive income | -125 | 236.75 | -144 | 745 | 346 | -848 | 591 | -198 | ||||||||||||||||||||
other comprehensive income attributable to flutter shareholders | -141 | -50 | -181 | 711 | 336 | -852 | 599 | -188 | ||||||||||||||||||||
other comprehensive income attributable to non-controlling interest and redeemable non-controlling interest | 16 | -13 | 37 | 34 | 10 | 4 | -8 | -10 | ||||||||||||||||||||
total comprehensive income | 84 | 132.5 | -933 | 782 | 681 | 98 | 477 | 290 | -375 | |||||||||||||||||||
goodwill impairment | -517,000,000 | |||||||||||||||||||||||||||
income tax benefit | -144,000,000 | 45,000,000 | 198,000,000 | 16,000,000 | ||||||||||||||||||||||||
net loss attributable to flutter shareholders | -75,500,000 | -690,000,000 | -9,500,000 | -103,000,000 | -196,000,000 | |||||||||||||||||||||||
loss per share | ||||||||||||||||||||||||||||
basic | -0.43 | -3.91 | -0.053 | -0.58 | ||||||||||||||||||||||||
diluted | -0.43 | -3.91 | -0.053 | -0.58 | ||||||||||||||||||||||||
fair value movements on available for sale debt instruments | 1 | -1 | ||||||||||||||||||||||||||
foreign exchange loss on net investment hedges | -14 | |||||||||||||||||||||||||||
other expense | -51,750,000 | -122,000,000 | -174,000,000 | |||||||||||||||||||||||||
other comprehensive income, before tax: | ||||||||||||||||||||||||||||
income tax income | -15,000,000 | |||||||||||||||||||||||||||
net gain attributable to non-controlling interests and redeemable non-controlling interests | 4,000,000 | |||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||
basic | -1.1 | |||||||||||||||||||||||||||
diluted | -1.1 | |||||||||||||||||||||||||||
cost of revenue | -693,062,000 | -166,025,000 | -173,910,000 | -162,636,000 | -459,164,000 | -129,226,000 | -83,637,000 | |||||||||||||||||||||
general and administrative | -1,155,440,000 | -335,477,000 | -276,440,000 | -259,357,000 | -984,194,000 | -267,463,000 | -262,786,000 | 161,395,000 | 162,856,000 | 140,815,000 | 136,440,000 | 131,141,000 | 134,676 | 152,686 | 140,729,000 | 181,629 | 190,934 | 380,766 | ||||||||||
sales and marketing | -360,662,000 | -91,390,000 | -79,915,000 | -84,343,000 | -292,963,000 | -92,531,000 | -54,899,000 | |||||||||||||||||||||
research and development | -55,085,000 | -13,258,000 | -13,398,000 | -12,511,000 | -39,995,000 | -11,862,000 | -9,126,000 | |||||||||||||||||||||
operating income | 264,199,000 | 16,334,000 | 93,955,000 | 61,537,000 | 252,922,000 | 70,901,000 | 1,064,000 | |||||||||||||||||||||
gain on re-measurement of deferred contingent payment | 7,371,000 | 3,335,000 | 9,378,000 | |||||||||||||||||||||||||
gain on re-measurement of embedded derivative | 98,300,000 | 15,400,000 | 12,200,000 | |||||||||||||||||||||||||
unrealized foreign exchange loss on financial instruments associated with financing activities | -11,320,000 | -5,811,000 | -1,632,000 | |||||||||||||||||||||||||
other net financing charges | -296,885,000 | -67,853,000 | -84,072,000 | -77,323,000 | ||||||||||||||||||||||||
net financing charges | -202,534,000 | -58,264,000 | -68,245,000 | -46,977,000 | -363,884,000 | -74,360,000 | -160,360,000 | |||||||||||||||||||||
net earnings from associates | 1,068,000 | 1,068,000 | -2,569,000 | |||||||||||||||||||||||||
earnings before income taxes | 61,665,000 | 25,710,000 | 14,560,000 | -109,894,000 | -3,459,000 | -158,228,000 | ||||||||||||||||||||||
income tax recovery | 197,000 | 13,098,000 | 988,000 | 13,189,000 | 3,404,000 | |||||||||||||||||||||||
net earnings | 61,862,000 | -51,715,000 | 4,629,000 | 27,658,000 | -108,906,000 | 9,730,000 | -154,824,000 | 74,361,000 | 47,175,000 | 75,874,000 | 70,483,000 | 65,753,000 | 12,523 | 22,497 | 55,491,000 | 41,894 | 201,422 | |||||||||||
net earnings attributable to | ||||||||||||||||||||||||||||
shareholders of the stars group inc. | 62,822,000 | -51,299,000 | 4,757,000 | 27,913,000 | -102,452,000 | 15,127,000 | -153,645,000 | 75,451,000 | 47,244,000 | 76,082,000 | 70,494,000 | |||||||||||||||||
non-controlling interest | -960,000 | -416,000 | -128,000 | -255,000 | -6,454,000 | -5,397,000 | -1,179,000 | -1,090,000 | -69,000 | -208,000 | -11,000 | 342,000 | -152 | -142 | -148,000 | 24 | ||||||||||||
earnings per common share | ||||||||||||||||||||||||||||
basic | 220 | -180 | 20 | 100 | -490 | 60 | -1,010 | |||||||||||||||||||||
diluted | 220 | -180 | 20 | 100 | -490 | 60 | -1,010 | |||||||||||||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||
basic | 282,885,000 | 287,944,000 | 281,689,000 | 273,368,000 | 208,270,000 | 257,322,000 | 152,788,000 | |||||||||||||||||||||
diluted | 284,479,000 | 287,944,000 | 282,399,000 | 273,946,000 | 208,270,000 | 269,527,000 | 152,788,000 | |||||||||||||||||||||
income tax (expense) recovery | -9,785,000 | -21,081,000 | ||||||||||||||||||||||||||
unrealized foreign exchange gain on financial instruments associated with financing activities | 292,000 | |||||||||||||||||||||||||||
gain on re-measurement of embedded derivatives | 22,600,000 | |||||||||||||||||||||||||||
revenues | 571,983,000 | 411,512,000 | 392,891,000 | 360,247,000 | 329,443,000 | 305,305,000 | 317,320,000 | 270,846 | 285,939 | 288,673,000 | 324,663 | 319,646 | 656,871 | |||||||||||||||
expenses | ||||||||||||||||||||||||||||
selling | 61,297,000 | 67,251,000 | 42,587,000 | 39,824,000 | 43,051,000 | 36,959 | 40,292 | 45,509,000 | 46,483 | 53,358 | 111,375 | |||||||||||||||||
financial | 45,015,000 | 39,713,000 | 41,040,000 | 41,697,000 | 40,589,000 | 49,155 | 27,303 | 24,884,000 | 67,289 | 47,750 | 113,382 | |||||||||||||||||
gaming duty | 42,952,000 | 37,188,000 | 33,396,000 | 25,654,000 | 34,533,000 | 26,829 | 27,498 | 29,355,000 | 39,593 | |||||||||||||||||||
acquisition-related costs | 7,739,000 | 15 | 184,000 | 118 | 159 | 159 | ||||||||||||||||||||||
total expenses | 318,398,000 | 307,008,000 | 257,838,000 | 243,615,000 | 249,314,000 | 247,619 | 247,794 | 240,661,000 | ||||||||||||||||||||
gain from investments | 1,023,000 | 20,288,000 | 9,024,000 | 4,775,000 | ||||||||||||||||||||||||
net earnings before income taxes | 75,516,000 | 73,527,000 | 78,060,000 | 66,465,000 | 68,441,000 | |||||||||||||||||||||||
income taxes | 1,155,000 | 26,352,000 | 2,688,000 | -400 | 2,516 | 1,962,000 | ||||||||||||||||||||||
basic earnings per common share | 510 | 320 | 520 | 480 | 450 | 0.09 | 0.16 | 420 | 0.31 | 1.51 | 1.61 | |||||||||||||||||
diluted earnings per common share | 360 | 230 | 370 | 350 | 330 | 0.06 | 0.12 | 280 | 0.21 | 1.01 | 1.07 | |||||||||||||||||
gain on settlement of deferred consideration | ||||||||||||||||||||||||||||
income taxes expense | 2,186,000 | |||||||||||||||||||||||||||
earnings from associates | -47 | 731 | ||||||||||||||||||||||||||
income taxes (recovery) expense | -4,018,000 | |||||||||||||||||||||||||||
income from investments | 435,000 | -13,863 | 9,481,000 | -36,922 | -670 | 3,682 | ||||||||||||||||||||||
loss from associates | -40,000 | |||||||||||||||||||||||||||
shareholders of amaya inc. | 65,411,000 | 12,675 | 22,639 | 55,639,000 | ||||||||||||||||||||||||
gain on sale of subsidiary | 6,742 | |||||||||||||||||||||||||||
loss from investments | -11,057 | |||||||||||||||||||||||||||
net earnings from continuing operations before income taxes | 12,123 | 25,013 | 57,453,000 | -40,629 | 26,775 | 54,871 | ||||||||||||||||||||||
net earnings from continuing operations | 12,523 | 22,497 | 55,491,000 | -52,743 | 14,114 | 42,587 | ||||||||||||||||||||||
net earnings from discontinued operations | 94,637 | 187,308 | 171,798 | |||||||||||||||||||||||||
basic earnings from continuing operations per common share | 0.09 | 0.16 | 420 | -0.4 | 0.11 | 0.32 | ||||||||||||||||||||||
diluted earnings from continuing operations per common share | 0.06 | 0.12 | 280 | -0.4 | 0.07 | 0.21 | ||||||||||||||||||||||
net loss from discontinued operations | ||||||||||||||||||||||||||||
current income taxes | 1,269 | 2,234 | 4,172 | |||||||||||||||||||||||||
deferred (recovery) income taxes | 10,845 | |||||||||||||||||||||||||||
shareholders of amaya | 41,870 | |||||||||||||||||||||||||||
canadian dollars | ||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||
current | ||||||||||||||||||||||||||||
cash | 450,697 | 450,697 | ||||||||||||||||||||||||||
restricted cash | 120,998 | 120,998 | ||||||||||||||||||||||||||
accounts receivable | 90,474 | 90,474 | ||||||||||||||||||||||||||
income tax receivable | 29,479 | 29,479 | ||||||||||||||||||||||||||
inventories | 2,233 | 2,233 | ||||||||||||||||||||||||||
current maturity of receivable under finance lease | ||||||||||||||||||||||||||||
prepaid expenses and deposits | 28,911 | 28,911 | ||||||||||||||||||||||||||
investments | 461,720 | 461,720 | ||||||||||||||||||||||||||
promissory note | 8,987 | |||||||||||||||||||||||||||
assets classified as held for sale | 41,754 | 41,754 | ||||||||||||||||||||||||||
goodwill and intangible assets | 5,920,041 | 5,920,041 | ||||||||||||||||||||||||||
property and equipment | 59,619 | 59,619 | ||||||||||||||||||||||||||
deferred development costs | 20,056 | 20,056 | ||||||||||||||||||||||||||
receivable under finance lease | ||||||||||||||||||||||||||||
investment tax credits receivable | 3,728 | 3,728 | ||||||||||||||||||||||||||
deferred income taxes | 8,285 | 8,285 | ||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 138,631 | 138,631 | ||||||||||||||||||||||||||
other payables | 235,978 | 235,978 | ||||||||||||||||||||||||||
provisions | 56,574 | 56,574 | ||||||||||||||||||||||||||
customer deposits | 570,218 | 570,218 | ||||||||||||||||||||||||||
income tax payable | 29,494 | 29,494 | ||||||||||||||||||||||||||
current maturity of long-term debt | 38,844 | 38,844 | ||||||||||||||||||||||||||
derivatives | 34,583 | 34,583 | ||||||||||||||||||||||||||
liabilities classified as held for sale | 19,291 | 19,291 | ||||||||||||||||||||||||||
deferred revenue | 722 | 722 | ||||||||||||||||||||||||||
long-term debt | 3,299,394 | 3,299,394 | ||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||
share capital | 1,681,600 | 1,681,600 | ||||||||||||||||||||||||||
reserves | 652,297 | 652,297 | ||||||||||||||||||||||||||
retained earnings | 167,468 | 167,468 | ||||||||||||||||||||||||||
canadian dollars - unaudited | 2,015 | 2,015 | ||||||||||||||||||||||||||
balance – january 1, 2014 | 94,078,297 | 94,078,297 | ||||||||||||||||||||||||||
issue of common shares in relation to exercised warrants | 409,790 | 409,790 | ||||||||||||||||||||||||||
issue of common shares in relation to exercised employee stock options | 197,819 | 197,819 | ||||||||||||||||||||||||||
issue of equity component of mezzanine subordinated unsecured term loan, net of transaction costs | ||||||||||||||||||||||||||||
share-based compensation | ||||||||||||||||||||||||||||
deferred income taxes in relation to transaction costs | ||||||||||||||||||||||||||||
balance – june 30, 2014 | 94,685,906 | 94,685,906 | ||||||||||||||||||||||||||
balance – january 1, 2015 | 132,844,341 | 132,844,341 | ||||||||||||||||||||||||||
conversion of preferred shares | 4,592 | 4,592 | ||||||||||||||||||||||||||
share repurchase | -1,097,000 | -1,097,000 | ||||||||||||||||||||||||||
balance – june 30, 2015 | 133,001,513 | 133,001,513 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2020-02-27 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2019-03-06 | 2018-12-31 | 2018-11-16 | 2018-09-30 | 2018-09-17 | 2018-08-13 | 2018-06-30 | 2018-05-10 | 2018-03-31 | 2018-03-14 | 2017-12-31 | 2017-11-09 | 2017-08-09 | 2017-05-12 | 2016-11-14 | 2016-08-12 | 2016-05-16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,512,000,000 | 1,828,000,000 | 1,727,000,000 | 1,691,000,000 | 1,537,000,000 | 1,531,000,000 | 1,483,000,000 | 1,526,000,000 | 1,353,000,000 | 1,497,000,000 | 220,134 | |||||||||||||||||||||
cash and cash equivalents – restricted | 73,000,000 | 72,000,000 | 68,000,000 | 79,000,000 | 54,000,000 | 48,000,000 | 56,000,000 | 25,000,000 | 22,000,000 | 22,000,000 | ||||||||||||||||||||||
player deposits – cash and cash equivalents | 1,920,000,000 | 1,932,000,000 | 1,939,000,000 | 1,745,000,000 | 1,802,000,000 | 1,930,000,000 | 1,871,000,000 | 1,684,000,000 | 1,782,000,000 | 1,752,000,000 | ||||||||||||||||||||||
player deposits – investments | 23,000,000 | 23,000,000 | 26,000,000 | 30,000,000 | 127,000,000 | 130,000,000 | 156,000,000 | 174,000,000 | 173,000,000 | 172,000,000 | ||||||||||||||||||||||
accounts receivable | 155,000,000 | 190,000,000 | 158,000,000 | 161,000,000 | 109,000,000 | 98,000,000 | 87,000,000 | 75,000,000 | 82,000,000 | 90,000,000 | 111,215,000 | 111,215,000 | 103,925,000 | 121,190,000 | 118,142,000 | 136,347,000 | 136,347,000 | 154,102,000 | 154,102,000 | 96,071,000 | 96,071,000 | 103,924,000 | 103,924 | 100,409,000 | 100,409 | 79,403,000 | 63,233,000 | 65,518,000 | 77,437,000 | 67,142,000 | 76,951,000 | |
prepaid expenses and other current assets | 817,000,000 | 751,000,000 | 864,000,000 | 665,000,000 | 612,000,000 | 607,000,000 | 517,000,000 | 441,000,000 | 448,000,000 | 443,000,000 | 79,578,000 | 79,578,000 | 70,716,000 | 45,296,000 | 49,254,000 | 43,945,000 | 43,945,000 | 50,816,000 | 50,816,000 | 32,058,000 | 32,058,000 | |||||||||||
total current assets | 4,500,000,000 | 4,796,000,000 | 4,782,000,000 | 4,394,000,000 | 4,241,000,000 | 4,344,000,000 | 4,170,000,000 | 3,925,000,000 | 3,860,000,000 | 3,976,000,000 | 977,639,000 | 977,639,000 | 1,040,709,000 | 971,862,000 | 909,853,000 | 1,041,425,000 | 1,041,425,000 | 1,096,043,000 | 1,096,043,000 | 1,589,449,000 | 1,589,449,000 | 783,325,000 | 783,325 | 789,534,000 | 789,534 | 694,162,000 | 648,603,000 | 653,997,000 | 816,055,000 | 758,708,000 | 790,554,000 | |
investments | 6,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 9,000,000 | ||||||||||||||||||||||
property and equipment | 597,000,000 | 630,000,000 | 615,000,000 | 602,000,000 | 490,000,000 | 493,000,000 | 498,000,000 | 480,000,000 | 478,000,000 | 471,000,000 | 139,228,000 | 139,228,000 | 132,262,000 | 139,532,000 | 147,571,000 | 85,169,000 | 85,169,000 | 76,745,000 | 76,745,000 | 54,405,000 | 54,405,000 | 52,647,000 | 52,647 | 44,837,000 | 44,837 | 41,383,000 | 39,876,000 | 39,926,000 | 42,853,000 | 43,323,000 | 45,818,000 | |
operating lease right-of-use assets | 538,000,000 | 550,000,000 | 529,000,000 | 562,000,000 | 523,000,000 | 507,000,000 | 528,000,000 | 456,000,000 | 449,000,000 | 429,000,000 | ||||||||||||||||||||||
intangible assets | 6,714,000,000 | 7,019,000,000 | 7,241,000,000 | 7,545,000,000 | 5,456,000,000 | 5,364,000,000 | 5,822,000,000 | 5,664,000,000 | 5,787,000,000 | 5,881,000,000 | 4,550,222,000 | 4,550,222,000 | 4,417,986,000 | 4,590,758,000 | 4,734,896,000 | 4,742,699,000 | 4,742,699,000 | 418,859 | ||||||||||||||
goodwill | 15,649,000,000 | 15,825,000,000 | 15,804,000,000 | 16,487,000,000 | 13,736,000,000 | 13,352,000,000 | 14,344,000,000 | 13,679,000,000 | 13,678,000,000 | 13,745,000,000 | 5,348,976,000 | 5,348,976,000 | 5,178,527,000 | 5,256,819,000 | 5,320,324,000 | 5,265,980,000 | 5,265,980,000 | 320,015 | ||||||||||||||
deferred tax assets | 295,000,000 | 309,000,000 | 226,000,000 | 182,000,000 | 241,000,000 | 267,000,000 | 30,000,000 | 29,000,000 | 27,000,000 | 24,000,000 | ||||||||||||||||||||||
other non-current assets | 175,000,000 | 144,000,000 | 135,000,000 | 95,000,000 | 131,000,000 | 175,000,000 | 81,000,000 | 82,000,000 | 104,000,000 | 100,000,000 | ||||||||||||||||||||||
total assets | 28,474,000,000 | 29,280,000,000 | 29,339,000,000 | 29,874,000,000 | 24,825,000,000 | 24,508,000,000 | 25,480,000,000 | 24,322,000,000 | 24,390,000,000 | 24,635,000,000 | 11,275,782,000 | 11,275,782,000 | 10,992,815,000 | 11,112,280,000 | 11,295,228,000 | 11,265,538,000 | 11,265,538,000 | 11,480,606,000 | 11,480,606,000 | 1,048,328 | 6,707,735,000 | 6,707,735,000 | 5,563,806,000 | 5,563,806 | 5,415,126,000 | 5,415,126 | 5,353,385,000 | 5,333,690,000 | 5,388,982,000 | 5,582,797,000 | 5,557,865,000 | 5,612,721,000 |
liabilities, redeemable non-controlling interests and shareholders’ equity | ||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||
accounts payable | 427,000,000 | 386,000,000 | 402,000,000 | 350,000,000 | 359,000,000 | 266,000,000 | 270,000,000 | 234,000,000 | 265,000,000 | 240,000,000 | ||||||||||||||||||||||
player deposit liability | 1,863,000,000 | 1,859,000,000 | 1,839,000,000 | 1,712,000,000 | 1,832,000,000 | 1,940,000,000 | 1,902,000,000 | 1,775,000,000 | 1,842,000,000 | 1,786,000,000 | ||||||||||||||||||||||
operating lease liabilities | 153,000,000 | 130,000,000 | 127,000,000 | 122,000,000 | 121,000,000 | 119,000,000 | 130,000,000 | 124,000,000 | 128,000,000 | 123,000,000 | ||||||||||||||||||||||
long-term debt due within one year | 171,000,000 | 109,000,000 | 146,000,000 | 70,000,000 | 68,000,000 | 53,000,000 | 67,000,000 | 53,000,000 | 46,000,000 | 51,000,000 | ||||||||||||||||||||||
other current liabilities | 2,366,000,000 | 2,559,000,000 | 2,448,000,000 | 2,371,000,000 | 2,089,000,000 | 2,212,000,000 | 2,341,000,000 | 2,192,000,000 | 2,305,000,000 | 2,326,000,000 | ||||||||||||||||||||||
total current liabilities | 4,980,000,000 | 5,043,000,000 | 4,962,000,000 | 4,626,000,000 | 4,469,000,000 | 4,590,000,000 | 4,710,000,000 | 4,378,000,000 | 4,586,000,000 | 4,526,000,000 | 1,150,894,000 | 1,150,894,000 | 1,057,128,000 | 1,014,973,000 | 1,035,904,000 | 1,011,974,000 | 1,011,974,000 | 1,039,292,000 | 1,039,292,000 | 823,456,000 | 823,456,000 | 680,483,000 | 680,483 | 602,474,000 | 602,474 | 567,814,000 | 542,559,000 | 660,166,000 | 1,057,942,000 | 1,060,633,000 | 1,225,543,000 | |
operating lease liabilities – non-current | 442,000,000 | 476,000,000 | 458,000,000 | 486,000,000 | 446,000,000 | 428,000,000 | 437,000,000 | 374,000,000 | 362,000,000 | 354,000,000 | ||||||||||||||||||||||
long-term debt | 11,794,000,000 | 12,157,000,000 | 11,953,000,000 | 9,882,000,000 | 6,756,000,000 | 6,683,000,000 | 6,843,000,000 | 6,737,000,000 | 6,790,000,000 | 7,005,000,000 | 4,895,425,000 | 4,895,425,000 | 5,008,469,000 | 5,053,165,000 | 5,191,955,000 | 5,411,208,000 | 5,411,208,000 | 5,483,900,000 | 5,483,900,000 | 2,705,179,000 | 2,705,179,000 | 2,316,023,000 | 2,316,023 | 2,353,579,000 | 2,353,579 | 2,347,564,000 | 2,449,914,000 | 2,422,053,000 | 2,386,440,000 | 2,378,777,000 | 2,402,528,000 | |
deferred tax liabilities | 1,038,000,000 | 1,105,000,000 | 1,114,000,000 | 1,093,000,000 | 595,000,000 | 605,000,000 | 733,000,000 | 737,000,000 | 783,000,000 | 802,000,000 | ||||||||||||||||||||||
other non-current liabilities | 511,000,000 | 801,000,000 | 933,000,000 | 1,145,000,000 | 786,000,000 | 935,000,000 | 747,000,000 | 612,000,000 | 733,000,000 | 580,000,000 | ||||||||||||||||||||||
total liabilities | 18,765,000,000 | 19,582,000,000 | 19,420,000,000 | 17,232,000,000 | 13,052,000,000 | 13,241,000,000 | 13,470,000,000 | 12,838,000,000 | 13,254,000,000 | 13,267,000,000 | 6,756,339,000 | 6,756,339,000 | 6,710,782,000 | 6,742,622,000 | 7,038,098,000 | 7,112,138,000 | 7,112,138,000 | 7,281,463,000 | 7,281,463,000 | -1,612,678 | 3,829,323,000 | 3,829,323,000 | 3,182,325,000 | 3,182,325 | 3,111,695,000 | 3,111,695 | 3,056,213,000 | 3,084,075,000 | 3,127,653,000 | 3,562,387,000 | 3,529,396,000 | 3,666,596,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||
redeemable non-controlling interests | 417,000,000 | 424,000,000 | 485,000,000 | 2,236,000,000 | 1,737,000,000 | 1,808,000,000 | 1,604,000,000 | 1,432,000,000 | 1,462,000,000 | 1,152,000,000 | ||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||
ordinary shares | 36,000,000 | |||||||||||||||||||||||||||||||
additional paid-in capital | 2,049,000,000 | 1,989,000,000 | 1,929,000,000 | 1,810,000,000 | 1,670,000,000 | 1,611,000,000 | 1,556,000,000 | 1,503,000,000 | 1,439,000,000 | 1,385,000,000 | ||||||||||||||||||||||
accumulated other comprehensive loss | -1,252,000,000 | -1,111,000,000 | -1,061,000,000 | -880,000,000 | -1,591,000,000 | -1,927,000,000 | -1,075,000,000 | -1,674,000,000 | -1,669,000,000 | -1,483,000,000 | ||||||||||||||||||||||
retained earnings | 8,231,000,000 | 8,124,000,000 | 8,340,000,000 | 9,249,000,000 | 9,748,000,000 | 9,573,000,000 | 9,728,000,000 | 10,018,000,000 | 9,694,000,000 | 10,106,000,000 | 565,583,000 | 565,583,000 | 484,132,000 | 535,431,000 | 530,674,000 | 502,761,000 | 502,761,000 | 542,146,000 | 542,146,000 | 527,019,000 | 527,019,000 | 667,755,000 | 667,755 | 561,519,000 | 561,519 | 514,275,000 | 438,193,000 | 367,699,000 | 257,097,000 | 244,422,000 | 221,783,000 | |
total flutter shareholders’ equity | 9,064,000,000 | 9,038,000,000 | 9,244,000,000 | 10,215,000,000 | 9,863,000,000 | 9,293,000,000 | 10,245,000,000 | 9,883,000,000 | 9,500,000,000 | 10,044,000,000 | ||||||||||||||||||||||
non-controlling interests | 228,000,000 | 236,000,000 | 190,000,000 | 191,000,000 | 173,000,000 | 166,000,000 | 161,000,000 | 169,000,000 | 174,000,000 | 172,000,000 | ||||||||||||||||||||||
total shareholders’ equity | 9,292,000,000 | 9,274,000,000 | 9,434,000,000 | 10,406,000,000 | 10,036,000,000 | 9,459,000,000 | 10,406,000,000 | 10,052,000,000 | 9,674,000,000 | 10,216,000,000 | ||||||||||||||||||||||
total liabilities, redeemable non-controlling interests and shareholders’ equity | 28,474,000,000 | 29,280,000,000 | 29,339,000,000 | 29,874,000,000 | 24,825,000,000 | 24,508,000,000 | 25,480,000,000 | 24,322,000,000 | 24,390,000,000 | 24,635,000,000 | ||||||||||||||||||||||
ordinary share | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | ||||||||||||||||||||||||
asset held for sale | 23,000,000 | |||||||||||||||||||||||||||||||
liability held for sale | 1,000,000 | |||||||||||||||||||||||||||||||
shares held by employee benefit trust, at cost 2024: nil, 2023: nil | ||||||||||||||||||||||||||||||||
shares held by employee benefit trust, at cost september 30, 2024: nil, december 31, 2023: nil | ||||||||||||||||||||||||||||||||
shares held by employee benefit trust, at cost june 30, 2024: 0 shares, december 31, 2023: 0 shares | ||||||||||||||||||||||||||||||||
shares held by employee benefit trust, at cost march 31, 2024: 0 shares, december 31, 2023: 0 shares | ||||||||||||||||||||||||||||||||
common share | 36,000,000 | |||||||||||||||||||||||||||||||
shares held by employee benefit trust, at cost 2023: nil, 2022: 1,396 shares | ||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||
cash and cash equivalents – operational | 321,008,000 | 321,008,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents – customer deposits | 300,916,000 | 300,916,000 | ||||||||||||||||||||||||||||||
total cash and cash equivalents | 621,924,000 | 621,924,000 | 715,450,000 | 665,867,000 | 599,718,000 | 721,076,000 | 721,076,000 | 746,661,000 | 746,661,000 | 1,327,008,000 | 1,327,008,000 | 512,586,000 | 512,586 | 510,323,000 | 510,323 | 227,190,000 | 227,434,000 | 247,409,000 | 222,906,000 | 189,125,000 | ||||||||||||
restricted cash advances and collateral | 6,401,000 | 6,401,000 | 8,876,000 | 9,239,000 | 11,479,000 | 10,819,000 | 10,819,000 | 10,696,000 | 10,696,000 | 12,077,000 | 12,077,000 | 5,962,000 | 5,962 | 7,862,000 | 7,862 | 7,067,000 | 6,894,000 | 6,056,000 | 152,376,000 | 129,153,000 | ||||||||||||
current investments – customer deposits | 109,017,000 | 109,017,000 | ||||||||||||||||||||||||||||||
income tax receivable | 49,504,000 | 49,504,000 | 38,850,000 | 25,074,000 | 24,753,000 | 26,085,000 | 26,085,000 | 29,643,000 | 29,643,000 | 16,161,000 | 16,161,000 | 17,038,000 | 17,038 | 16,540,000 | 16,540 | 19,001,000 | 6,462,000 | 5,918,000 | 26,005,000 | 32,972,000 | 32,286,000 | |||||||||||
derivatives | 149,957,000 | 62,518,000 | 96,122,000 | 60,347,000 | 3,706,000 | 3,706 | 2,037,000 | 2,037 | 961,000 | 1,190,000 | 1,122,000 | |||||||||||||||||||||
non-current assets | ||||||||||||||||||||||||||||||||
prepaid expenses and other non-current assets | 33,482,000 | 33,482,000 | 29,933,000 | 31,605,000 | 31,787,000 | 32,760,000 | 32,760,000 | 27,496,000 | 27,496,000 | 29,892,000 | 29,892,000 | |||||||||||||||||||||
non-current accounts receivable | 16,765,000 | 16,765,000 | 15,100,000 | 15,418,000 | 18,727,000 | 14,906,000 | 14,906,000 | 12,430,000 | 12,430,000 | 12,472,000 | 12,472,000 | |||||||||||||||||||||
deferred income taxes | 11,149,000 | 11,149,000 | 6,500,000 | 8,405,000 | 2,253,000 | 1,775,000 | 1,775,000 | 6,597,000 | 6,597,000 | 6,110,000 | 6,110,000 | 5,278,000 | 5,278 | 5,141,000 | 5,141 | 3,418,000 | 2,583,000 | 1,950,000 | 142,000 | 242,000 | 282,000 | |||||||||||
total non-current assets | 10,298,143,000 | 10,298,143,000 | 9,952,106,000 | 10,140,418,000 | 10,385,375,000 | 10,224,113,000 | 10,224,113,000 | 10,384,563,000 | 10,384,563,000 | 5,118,286,000 | 5,118,286,000 | 4,780,481,000 | 4,780,481 | 4,625,592,000 | 4,625,592 | 4,659,223,000 | 4,685,087,000 | 4,734,985,000 | 4,766,742,000 | 4,799,157,000 | 4,822,167,000 | |||||||||||
liabilities | ||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||
accounts payable and other liabilities | 562,731,000 | 562,731,000 | 469,638,000 | 439,349,000 | 335,066,000 | 424,007,000 | 424,007,000 | 434,087,000 | 434,087,000 | 265,439,000 | 265,439,000 | |||||||||||||||||||||
customer deposits | 409,390,000 | 409,390,000 | 410,422,000 | 421,084,000 | 436,694,000 | 423,739,000 | 423,739,000 | 429,574,000 | 429,574,000 | 380,936,000 | 380,936,000 | 364,587,000 | 364,587 | 349,766,000 | 349,766 | 352,512,000 | 346,615,000 | 350,929,000 | 368,052,000 | 365,364,000 | 406,981,000 | |||||||||||
current provisions | 64,928,000 | 64,928,000 | 59,238,000 | 29,556,000 | 28,870,000 | 39,189,000 | 39,189,000 | 31,853,000 | 31,853,000 | 22,227,000 | 22,227,000 | |||||||||||||||||||||
income tax payable | 40,834,000 | 40,834,000 | 48,193,000 | 60,419,000 | 66,802,000 | 72,796,000 | 72,796,000 | 91,864,000 | 91,864,000 | 71,881,000 | 71,881,000 | 43,220,000 | 43,220 | 35,941,000 | 35,941 | 15,966,000 | 16,059,000 | 10,812,000 | 23,984,000 | 30,828,000 | 36,858,000 | |||||||||||
due to related party | 926,000 | 926,000 | ||||||||||||||||||||||||||||||
current portion of lease liability | 19,633,000 | 19,633,000 | 19,341,000 | 18,764,000 | 18,996,000 | |||||||||||||||||||||||||||
current portion of long-term debt | 35,750,000 | 35,750,000 | 35,750,000 | 35,750,000 | 131,750,000 | 35,750,000 | 35,750,000 | 35,750,000 | 35,750,000 | 21,700,000 | 21,700,000 | |||||||||||||||||||||
non-current liabilities | ||||||||||||||||||||||||||||||||
lease liability | 35,691,000 | 35,691,000 | 36,938,000 | 44,121,000 | 48,405,000 | |||||||||||||||||||||||||||
long-term provisions | 2,885,000 | 2,885,000 | 7,408,000 | 3,637,000 | 3,550,000 | 4,002,000 | 4,002,000 | 4,268,000 | 4,268,000 | 3,145,000 | 3,145,000 | |||||||||||||||||||||
other long-term liabilities | 1,770,000 | 1,770,000 | 402,000 | 72,799,000 | 79,716,000 | 79,716,000 | 91,521,000 | 91,521,000 | 88,777,000 | 88,777,000 | ||||||||||||||||||||||
total non-current liabilities | 5,605,445,000 | 5,605,445,000 | 5,653,654,000 | 5,727,649,000 | 6,002,194,000 | 6,100,164,000 | 6,100,164,000 | 6,242,171,000 | 6,242,171,000 | 3,005,867,000 | 3,005,867,000 | 2,501,842,000 | 2,501,842 | 2,509,221,000 | 2,509,221 | 2,488,399,000 | 2,541,516,000 | 2,467,487,000 | 2,504,445,000 | 2,468,763,000 | 2,441,053,000 | |||||||||||
equity | ||||||||||||||||||||||||||||||||
share capital | 4,374,150,000 | 4,374,150,000 | 4,356,753,000 | 4,355,902,000 | 4,116,717,000 | 4,116,287,000 | 4,116,287,000 | 4,095,038,000 | 4,095,038,000 | -10 | 2,644,866,000 | 2,644,866,000 | 1,895,788,000 | 1,895,788 | 1,884,219,000 | 1,884,219 | 1,875,428,000 | 1,872,048,000 | 1,866,123,000 | 1,862,429,000 | 1,862,254,000 | 1,573,640,000 | ||||||||||
reserves | -423,283,000 | -423,283,000 | -561,368,000 | -525,270,000 | -394,225,000 | -469,629,000 | -469,629,000 | -442,234,000 | -442,234,000 | -336,980,000 | -336,980,000 | -182,839,000 | -182,839 | -142,340,000 | -142,340 | -92,632,000 | -60,936,000 | 27,186,000 | -100,072,000 | -79,315,000 | 149,452,000 | |||||||||||
equity attributable to the shareholders of the stars group inc. | 4,516,450,000 | 4,516,450,000 | 4,279,517,000 | 4,366,063,000 | 4,253,166,000 | 4,149,419,000 | 4,149,419,000 | 4,194,950,000 | 4,194,950,000 | 2,834,905,000 | 2,834,905,000 | 2,380,704,000 | 2,380,704 | 2,303,398,000 | 2,303,398 | |||||||||||||||||
non-controlling interest | 2,993,000 | 2,993,000 | 2,516,000 | 3,595,000 | 3,964,000 | 3,981,000 | 3,981,000 | 4,193,000 | 4,193,000 | 43,507,000 | 43,507,000 | 777,000 | 777 | 33,000 | 33 | 101,000 | 310,000 | 321,000 | 956,000 | 1,108,000 | 1,250,000 | |||||||||||
total equity | 4,519,443,000 | 4,519,443,000 | 4,282,033,000 | 4,369,658,000 | 4,257,130,000 | 4,153,400,000 | 4,153,400,000 | 4,199,143,000 | 4,199,143,000 | 2,878,412,000 | 2,878,412,000 | 2,381,481,000 | 2,381,481 | 2,303,431,000 | 2,303,431 | 2,297,172,000 | 2,249,615,000 | 2,261,329,000 | 2,020,410,000 | 2,028,469,000 | 1,946,125,000 | |||||||||||
total liabilities and equity | 11,275,782,000 | 11,275,782,000 | 10,992,815,000 | 11,112,280,000 | 11,295,228,000 | 11,265,538,000 | 11,265,538,000 | 11,480,606,000 | 11,480,606,000 | 6,707,735,000 | 6,707,735,000 | 5,563,806,000 | 5,563,806 | 5,415,126,000 | 5,415,126 | 5,353,385,000 | 5,333,690,000 | 5,388,982,000 | 5,582,797,000 | 5,557,865,000 | 5,612,721,000 | |||||||||||
cash and cash equivalents - operational | 405,776,000 | 339,239,000 | 266,513,000 | 392,853,000 | 392,853,000 | 418,896,000 | 418,896,000 | 1,052,146,000 | 1,052,146,000 | 256,647,000 | 256,647 | 283,225,000 | 283,225 | 109,578,000 | 111,364,000 | 123,961,000 | ||||||||||||||||
cash and cash equivalents - customer deposits | 309,674,000 | 326,628,000 | 333,205,000 | 328,223,000 | 328,223,000 | 327,765,000 | 327,765,000 | 274,862,000 | 274,862,000 | 255,939,000 | 255,939 | 227,098,000 | 227,098 | 117,612,000 | 116,070,000 | 123,448,000 | ||||||||||||||||
current investments - customer deposits | 102,892,000 | 105,196,000 | 106,507,000 | 103,153,000 | 103,153,000 | 104,125,000 | 104,125,000 | 106,074,000 | 106,074,000 | 109,650,000 | 109,650 | 122,668,000 | 122,668 | 234,900,000 | 230,545,000 | 227,481,000 | 237,837,000 | 236,578,000 | ||||||||||||||
goodwill and intangible assets | 10,205,886,000 | 10,205,886,000 | 4,950,655,000 | 4,950,655,000 | 4,611,579,000 | 4,611,579 | 4,477,350,000 | 4,477,350 | 4,506,156,000 | 4,533,575,000 | 4,560,187,000 | 4,623,345,000 | 4,652,696,000 | 4,678,926,000 | ||||||||||||||||||
due to related parties | 2,028,000 | 2,028,000 | ||||||||||||||||||||||||||||||
other investments | ||||||||||||||||||||||||||||||||
property, plant and equipment | 14,255 | |||||||||||||||||||||||||||||||
derivative financial instruments | 4,947 | |||||||||||||||||||||||||||||||
trade and other receivables | 69,077 | |||||||||||||||||||||||||||||||
deferred tax | 1,041 | |||||||||||||||||||||||||||||||
non-current assets - sum | 759,117 | |||||||||||||||||||||||||||||||
trade and other payables | -191,084 | |||||||||||||||||||||||||||||||
current tax | -17,198 | |||||||||||||||||||||||||||||||
provisions | -10,172 | 17,709,000 | 17,709 | 17,590,000 | 17,590 | 21,512,000 | 19,837,000 | 140,663,000 | 410,542,000 | 403,314,000 | 397,233,000 | |||||||||||||||||||||
current liabilities - sum | -218,454 | |||||||||||||||||||||||||||||||
borrowings | -1,327,325 | |||||||||||||||||||||||||||||||
share premium | -937 | |||||||||||||||||||||||||||||||
other reserves | -43,444 | |||||||||||||||||||||||||||||||
accumulated losses | 608,741 | |||||||||||||||||||||||||||||||
available-for-sale reserve | ||||||||||||||||||||||||||||||||
total deficit attributable to equity shareholders | 564,350 | |||||||||||||||||||||||||||||||
total liabilities and shareholders’ deficit | -1,048,328 | |||||||||||||||||||||||||||||||
u.s. dollars | ||||||||||||||||||||||||||||||||
inventories | 245,000 | 245 | 302,000 | 302 | 447,000 | 540,000 | 397,000 | 584,000 | 510,000 | 553,000 | ||||||||||||||||||||||
prepaid expenses and deposits | 30,214,000 | 30,214 | 29,393,000 | 29,393 | 36,552,000 | 26,955,000 | 27,960,000 | 23,295,000 | 22,416,000 | 29,078,000 | ||||||||||||||||||||||
long-term accounts receivable | 13,243,000 | 13,243 | 11,818,000 | 11,818 | 11,581,000 | 11,181,000 | 10,324,000 | 7,614,000 | ||||||||||||||||||||||||
long-term investments | 9,298,000 | 9,298 | 6,981,000 | 6,981 | 6,973,000 | 6,957,000 | 6,927,000 | 6,950,000 | 8,342,000 | 9,523,000 | ||||||||||||||||||||||
investment tax credits receivable | 3,881,000 | 3,881 | 3,056,000 | 3,056 | 2,897,000 | 3,090,000 | 1,917,000 | 2,021,000 | 1,996,000 | 1,477,000 | ||||||||||||||||||||||
accounts payable and accrued liabilities | 170,553,000 | 170,553 | 151,473,000 | 151,473 | 127,337,000 | 115,810,000 | 104,765,000 | 108,787,000 | 98,039,000 | 111,691,000 | ||||||||||||||||||||||
other payables | 52,688,000 | 52,688 | 42,714,000 | 42,714 | 45,067,000 | 39,676,000 | 48,035,000 | 76,414,000 | 87,104,000 | 95,069,000 | ||||||||||||||||||||||
current maturity of long-term debt | 24,274,000 | 24,274 | 4,990,000 | 4,990 | 5,420,000 | 4,562,000 | 4,962,000 | 64,318,000 | 69,592,000 | 58,657,000 | ||||||||||||||||||||||
long-term accounts payable and accrued liabilities | 2,646,000 | 2,646 | ||||||||||||||||||||||||||||||
current investments | 88,641,000 | 70,645,000 | 58,442,000 | 75,615,000 | 80,812,000 | 326,272,000 | ||||||||||||||||||||||||||
total current investments | 122,668,000 | 122,668 | 323,541,000 | 301,190,000 | 285,923,000 | 313,452,000 | 317,390,000 | |||||||||||||||||||||||||
assets held for sale | 14,705,000 | 13,694,000 | ||||||||||||||||||||||||||||||
investments in associates | 7,180,000 | 7,324,000 | 11,338,000 | |||||||||||||||||||||||||||||
promissory note | 5,349,000 | 8,392,000 | 8,153,000 | 7,923,000 | ||||||||||||||||||||||||||||
income taxes payable | 25,232,000 | 12,751,000 | 21,433,000 | |||||||||||||||||||||||||||||
equity attributable to the owners of the stars group inc. | 2,297,071,000 | 2,249,305,000 | ||||||||||||||||||||||||||||||
equity attributable to the owners of amaya inc. | 2,261,008,000 | 2,019,454,000 | 2,027,361,000 | 1,944,875,000 | ||||||||||||||||||||||||||||
cash - operational | 92,691,000 | 60,339,000 | ||||||||||||||||||||||||||||||
cash - customer deposits | 130,215,000 | 128,786,000 | ||||||||||||||||||||||||||||||
cash | 207,095,000 | |||||||||||||||||||||||||||||||
restricted cash | 118,319,000 | |||||||||||||||||||||||||||||||
current |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-06-30 | 2018-05-10 | 2018-03-31 | 2017-12-31 | 2017-11-09 | 2017-08-09 | 2017-05-12 | 2016-11-14 | 2016-08-12 | 2016-05-16 | 2015-11-10 | 2015-10-20 | 2015-08-13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||
net income | 209,000,000 | 10,000,000 | -789,000,000 | 37,000,000 | 335,000,000 | 156,000,000 | -114,000,000 | ||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||
depreciation and amortization | 416,000,000 | 435,000,000 | 419,000,000 | 369,000,000 | 294,000,000 | 270,000,000 | 258,000,000 | 272,000,000 | 297,000,000 | 105,590,000 | 109,081,000 | 109,294,000 | |||||||||||||||
non-cash interest expense | 67,000,000 | -34,000,000 | 73,000,000 | 2,000,000 | 12,000,000 | -9,000,000 | 12,000,000 | ||||||||||||||||||||
non-cash operating lease expense | 35,000,000 | 35,000,000 | 35,000,000 | 28,000,000 | 43,000,000 | 46,000,000 | 31,000,000 | 33,000,000 | 32,000,000 | ||||||||||||||||||
unrealized foreign currency exchange gain | -20,000,000 | -28,000,000 | |||||||||||||||||||||||||
loss on disposals | 2,000,000 | 10,000,000 | |||||||||||||||||||||||||
share-based compensation – equity classified | 53,000,000 | 60,000,000 | 60,000,000 | 70,000,000 | 56,000,000 | 47,000,000 | 52,000,000 | 57,000,000 | 40,000,000 | ||||||||||||||||||
share-based compensation – liability classified | -4,000,000 | 0 | 11,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | ||||||||||||||||||
other expense | -293,000,000 | -50,000,000 | -126,000,000 | 81,000,000 | -205,000,000 | 212,000,000 | 186,000,000 | ||||||||||||||||||||
deferred tax expense | -37,000,000 | 1,000,000 | |||||||||||||||||||||||||
change in operating assets and liabilities: | |||||||||||||||||||||||||||
player deposits - investments | -5,000,000 | ||||||||||||||||||||||||||
accounts receivable | 32,000,000 | 3,000,000 | 37,000,000 | -9,000,000 | -17,000,000 | -10,000,000 | -3,000,000 | 19,000,000 | |||||||||||||||||||
prepaid expenses and other current assets | -43,000,000 | -31,000,000 | -86,000,000 | 58,000,000 | -1,000,000 | 13,000,000 | |||||||||||||||||||||
accounts payable | 65,000,000 | -67,000,000 | 53,000,000 | -90,000,000 | 84,000,000 | 11,000,000 | -18,000,000 | ||||||||||||||||||||
other liabilities | -140,000,000 | 279,000,000 | -96,000,000 | -53,000,000 | -236,000,000 | ||||||||||||||||||||||
player deposit liability | 20,000,000 | 17,000,000 | 138,000,000 | -235,000,000 | -147,000,000 | 131,000,000 | 67,000,000 | -59,000,000 | 73,000,000 | ||||||||||||||||||
operating leases liabilities | -27,000,000 | -42,000,000 | -32,000,000 | -26,000,000 | -38,000,000 | -43,000,000 | -33,000,000 | ||||||||||||||||||||
net cash from operating activities | 330,000,000 | 428,000,000 | 209,000,000 | 359,000,000 | 188,000,000 | 652,000,000 | 290,000,000 | 323,000,000 | 337,000,000 | ||||||||||||||||||
capital expenditures | -145,000,000 | -233,000,000 | -121,000,000 | -194,000,000 | -67,000,000 | -192,000,000 | 0 | 0 | -95,000,000 | ||||||||||||||||||
free cash flows | 185,000,000 | 195,000,000 | 88,000,000 | 165,000,000 | 121,000,000 | 460,000,000 | 290,000,000 | 323,000,000 | 242,000,000 | ||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||
purchases of property and equipment | -25,000,000 | -36,000,000 | -13,000,000 | -37,000,000 | -19,000,000 | -57,000,000 | -22,000,000 | ||||||||||||||||||||
purchases of intangible assets | -32,000,000 | -57,000,000 | -63,000,000 | -9,000,000 | -33,000,000 | 13,000,000 | -57,000,000 | ||||||||||||||||||||
capitalized software | -120,000,000 | -197,000,000 | -108,000,000 | -157,000,000 | -48,000,000 | -135,000,000 | -73,000,000 | ||||||||||||||||||||
proceeds from disposal of intangible assets | 0 | 0 | 5,000,000 | ||||||||||||||||||||||||
cash settlement of derivatives designated in net investment hedge | 5,000,000 | -56,000,000 | 14,000,000 | 17,000,000 | 4,000,000 | 15,000,000 | |||||||||||||||||||||
other advances | -9,000,000 | ||||||||||||||||||||||||||
net cash from investing activities | -172,000,000 | -346,000,000 | -170,000,000 | -2,865,000,000 | -100,000,000 | -164,000,000 | -259,000,000 | ||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||
proceeds from issue of ordinary share upon exercise of options | 4,000,000 | 0 | 1,000,000 | 3,000,000 | 3,000,000 | 14,000,000 | |||||||||||||||||||||
proceeds from issuance of long-term debt | 450,000,000 | 746,000,000 | 4,080,000,000 | 0 | 0 | 1,045,000,000 | 639,000,000 | ||||||||||||||||||||
transaction costs with third parties from issuance of long-term debt | -6,000,000 | -2,000,000 | |||||||||||||||||||||||||
repayment of long-term debt | -744,000,000 | -552,000,000 | -1,914,000,000 | -3,130,000,000 | -10,000,000 | -9,000,000 | -834,000,000 | -8,938,000 | -258,937,000 | -108,938,000 | -6,068,000 | 133,761,087 | -121,031,000 | -5,982,000 | -6,888,000 | -6,013,000 | -6,665,000 | -27,777,000 | -689,704 | -437,503 | -437,503 | ||||||
distributions to non-controlling interests | -12,000,000 | -9,000,000 | -11,000,000 | -5,000,000 | -4,000,000 | ||||||||||||||||||||||
payment of contingent consideration | -3,000,000 | 0 | 0 | -16,000,000 | |||||||||||||||||||||||
purchases of intangible assets with extended payment terms | -15,000,000 | ||||||||||||||||||||||||||
repurchase of ordinary shares and taxes withheld and paid on employee share awards | -135,000,000 | -279,000,000 | -261,000,000 | -339,000,000 | -244,000,000 | ||||||||||||||||||||||
net cash from financing activities | -458,000,000 | -89,000,000 | 255,000,000 | 2,533,000,000 | -271,000,000 | -225,000,000 | -181,000,000 | ||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -300,000,000 | 27,000,000 | -183,000,000 | -103,000,000 | |||||||||||||||||||||||
cash, cash equivalents and restricted cash — beginning of period | 3,832,000,000 | 0 | 0 | 3,509,000,000 | 0 | ||||||||||||||||||||||
effect of foreign exchange on cash, cash equivalents and restricted cash | -27,000,000 | 105,000,000 | -75,000,000 | 95,000,000 | 67,000,000 | ||||||||||||||||||||||
cash, cash equivalents and restricted cash — end of period: | 3,505,000,000 | 219,000,000 | 122,000,000 | 3,393,000,000 | 175,000,000 | ||||||||||||||||||||||
cash, cash equivalents and restricted cash comprise of: | |||||||||||||||||||||||||||
cash and cash equivalents | 1,512,000,000 | 36,000,000 | 154,000,000 | 1,537,000,000 | -43,000,000 | 173,000,000 | 1,353,000,000 | ||||||||||||||||||||
cash and cash equivalents - restricted | 73,000,000 | -11,000,000 | 25,000,000 | 54,000,000 | 31,000,000 | ||||||||||||||||||||||
player deposits - cash & cash equivalents | 1,920,000,000 | 194,000,000 | -57,000,000 | 1,802,000,000 | 187,000,000 | ||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||
interest paid | 97,000,000 | 104,000,000 | 126,000,000 | 91,000,000 | 112,000,000 | 108,000,000 | 123,000,000 | -86,028,000 | -50,524,000 | -91,761,000 | -31,488,000 | 95,495,373 | -30,556,000 | -31,017,000 | -34,047,000 | -33,393,000 | -33,301,000 | -33,244,000 | -196,913 | -148,575 | -148,575 | ||||||
income tax paid | 77,000,000 | 74,000,000 | 231,000,000 | 21,000,000 | |||||||||||||||||||||||
operating cash flows from operating leases | 36,000,000 | 42,000,000 | 44,000,000 | 38,000,000 | 43,000,000 | 43,000,000 | 38,000,000 | ||||||||||||||||||||
impairment loss | 2,000,000 | ||||||||||||||||||||||||||
change in fair value of derivatives | 0 | -2,000,000 | -15,000,000 | ||||||||||||||||||||||||
deferred tax benefit | -140,000,000 | 11,000,000 | -48,000,000 | ||||||||||||||||||||||||
loss on extinguishment | 0 | 9,000,000 | |||||||||||||||||||||||||
change in contingent consideration | 0 | ||||||||||||||||||||||||||
acquisitions, net of cash acquired | 0 | 0 | 0 | -107,000,000 | |||||||||||||||||||||||
proceeds from disposal of long lived assets | |||||||||||||||||||||||||||
acquisition of redeemable non-controlling interests | 0 | ||||||||||||||||||||||||||
proceeds from sale of non-controlling interests | |||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -7,000,000 | 263,000,000 | |||||||||||||||||||||||||
cash, cash equivalents and restricted cash — beginning of year | |||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — end of year | |||||||||||||||||||||||||||
player deposits | 4,000,000 | 104,000,000 | 9,000,000 | 17,000,000 | |||||||||||||||||||||||
unrealized foreign currency exchange loss | -25,000,000 | -8,000,000 | 8,000,000 | ||||||||||||||||||||||||
gain on disposals | -3,000,000 | ||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||
purchase of intangible assets with accrued expense | 91,000,000 | ||||||||||||||||||||||||||
right of use assets obtained in exchange for new operating lease liabilities | 15,000,000 | 66,000,000 | 54,000,000 | 20,000,000 | |||||||||||||||||||||||
adjustments to lease balances as a result of remeasurement | 25,000,000 | ||||||||||||||||||||||||||
business acquisitions | -26,000,000 | 2,000,000 | 26,000,000 | ||||||||||||||||||||||||
deferred tax | |||||||||||||||||||||||||||
loss on extinguishment of long-term debt | 2,000,000 | ||||||||||||||||||||||||||
other current liabilities | -40,000,000 | ||||||||||||||||||||||||||
proceeds from disposal of property and equipment | |||||||||||||||||||||||||||
acquisition of non-controlling interests | |||||||||||||||||||||||||||
foreign currency exchange loss | -34,000,000 | ||||||||||||||||||||||||||
loss on disposal | |||||||||||||||||||||||||||
deferred taxes | |||||||||||||||||||||||||||
other assets | -61,000,000 | ||||||||||||||||||||||||||
proceeds from issue of common stock upon exercise of options | 0 | ||||||||||||||||||||||||||
dividend distributed to non-controlling interests | |||||||||||||||||||||||||||
repurchase of common stock | |||||||||||||||||||||||||||
foreign currency exchange gain on cash and cash equivalents | -11,000,000 | ||||||||||||||||||||||||||
income taxes paid | 63,000,000 | 86,000,000 | 29,000,000 | -15,245,000 | -38,694,000 | -7,818,000 | -1,370,000 | 8,931,643 | -1,916,000 | 344,000 | -17,433 | -11,078 | -11,078 | ||||||||||||||
other expenses | |||||||||||||||||||||||||||
net loss | -177,000,000 | ||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||
non-cash interest income | -1,000,000 | ||||||||||||||||||||||||||
cash, cash equivalents and restricted cash – beginning of the period | 3,271,000,000 | ||||||||||||||||||||||||||
cash, cash equivalents and restricted cash – end of the period | 3,157,000,000 | ||||||||||||||||||||||||||
cash and cash equivalents – restricted | 22,000,000 | ||||||||||||||||||||||||||
player deposits – cash & and cash equivalents | 1,782,000,000 | ||||||||||||||||||||||||||
adjustments to lease balances as a result of remeasurement. | -2,000,000 | ||||||||||||||||||||||||||
other income | |||||||||||||||||||||||||||
proceeds from issue of common share upon exercise of options | |||||||||||||||||||||||||||
repurchase of common share | |||||||||||||||||||||||||||
effect of foreign exchange on cash, cash equivalents and restricted cash. | |||||||||||||||||||||||||||
assets | |||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||
cash and cash equivalents – operational | |||||||||||||||||||||||||||
cash and cash equivalents – customer deposits | |||||||||||||||||||||||||||
total cash and cash equivalents | |||||||||||||||||||||||||||
restricted cash advances and collateral | |||||||||||||||||||||||||||
current investments – customer deposits | |||||||||||||||||||||||||||
income tax receivable | |||||||||||||||||||||||||||
derivatives | |||||||||||||||||||||||||||
total current assets | |||||||||||||||||||||||||||
non-current assets | |||||||||||||||||||||||||||
prepaid expenses and other non-current assets | |||||||||||||||||||||||||||
non-current accounts receivable | |||||||||||||||||||||||||||
property and equipment | |||||||||||||||||||||||||||
deferred income taxes | |||||||||||||||||||||||||||
intangible assets | |||||||||||||||||||||||||||
goodwill | |||||||||||||||||||||||||||
total non-current assets | |||||||||||||||||||||||||||
total assets | |||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||
accounts payable and other liabilities | |||||||||||||||||||||||||||
customer deposits | |||||||||||||||||||||||||||
current provisions | |||||||||||||||||||||||||||
income tax payable | |||||||||||||||||||||||||||
due to related party | |||||||||||||||||||||||||||
current portion of lease liability | |||||||||||||||||||||||||||
current portion of long-term debt | |||||||||||||||||||||||||||
total current liabilities | |||||||||||||||||||||||||||
non-current liabilities | |||||||||||||||||||||||||||
lease liability | |||||||||||||||||||||||||||
long-term debt | |||||||||||||||||||||||||||
long-term provisions | |||||||||||||||||||||||||||
other long-term liabilities | |||||||||||||||||||||||||||
total non-current liabilities | |||||||||||||||||||||||||||
total liabilities | |||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||
share capital | |||||||||||||||||||||||||||
reserves | |||||||||||||||||||||||||||
retained earnings | |||||||||||||||||||||||||||
equity attributable to the shareholders of the stars group inc. | |||||||||||||||||||||||||||
non-controlling interest | |||||||||||||||||||||||||||
total equity | |||||||||||||||||||||||||||
total liabilities and equity | |||||||||||||||||||||||||||
in thousands of u.s. dollars | |||||||||||||||||||||||||||
operating activities | |||||||||||||||||||||||||||
net earnings | 4,629,000 | 27,658,000 | 32,560,000 | -229,185,000 | 74,361,000 | 74,361 | -211,850,715 | 75,874,000 | 70,483,000 | 65,753,000 | 12,523,000 | 22,497,000 | 55,491,000 | 256,280 | 214,385 | 214,385 | |||||||||||
add | |||||||||||||||||||||||||||
income tax recovery recognized in net earnings | |||||||||||||||||||||||||||
net financing charges | 58,264,000 | 68,245,000 | 46,977,000 | ||||||||||||||||||||||||
stock-based compensation | 6,049,000 | 4,726,000 | 2,736,000 | 2,383,000 | -7,903,378 | 3,298,000 | 2,452,000 | 2,164,000 | 1,978,000 | 3,352,000 | 3,066,000 | 14,234 | 9,597 | 9,597 | |||||||||||||
acquisition of market access rights in connection with eldorado | |||||||||||||||||||||||||||
unrealized loss on foreign exchange | 3,977,000 | 1,283,000 | |||||||||||||||||||||||||
unrealized gain on investments and other assets | |||||||||||||||||||||||||||
impairment of intangible and other assets | |||||||||||||||||||||||||||
net earnings from associates | |||||||||||||||||||||||||||
realized loss on current investments and promissory note | -286,000 | -319,000 | 27,000 | ||||||||||||||||||||||||
changes in non-cash operating elements of working capital | 78,576,000 | 4,730,000 | -62,163,000 | -13,308,000 | 10,280,199 | 1,073,000 | 12,782,000 | -24,139,000 | -14,654,000 | 47,458,000 | -66,728,000 | -16,710 | -17,574 | -17,574 | |||||||||||||
customer deposit liability movement | -3,108,000 | -12,995,000 | 15,341,000 | -189,000 | 22,367,076 | 2,884,000 | -9,053,000 | -16,229,000 | 1,717,000 | ||||||||||||||||||
other | 4,828,000 | 343,000 | 989,000 | 12,737,000 | -1,064,000 | -748,251 | 488,000 | 202,000 | 59,000 | 245,000 | 1,145,000 | -829,000 | -5,344 | -6,208 | -6,208 | ||||||||||||
net cash inflows from operating activities | -290,336,000 | 196,892,000 | 173,208,000 | 110,385,000 | -178,770,000 | 132,069,000 | 132,069 | -370,348,400 | 144,870,000 | 130,426,000 | 95,547,000 | 86,693,000 | 69,728,000 | 45,220,000 | |||||||||||||
investing activities | |||||||||||||||||||||||||||
acquisition of subsidiaries, net of cash acquired | -101,703,000 | ||||||||||||||||||||||||||
additions to intangible assets | -2,816,000 | -13,971,000 | -4,534,000 | ||||||||||||||||||||||||
additions to property and equipment | -7,673,000 | -4,131,000 | -4,047,000 | -2,467,000 | -1,591,000 | -1,207,000 | -16,551 | -12,572 | -12,572 | ||||||||||||||||||
additions to deferred development costs | -20,183,000 | -18,887,000 | -20,146,000 | ||||||||||||||||||||||||
net sale of investments utilizing customer deposits | 2,304,000 | 1,311,000 | -3,354,000 | 12,447,000 | -4,348,894 | -2,216,000 | 1,513,000 | 5,169,000 | |||||||||||||||||||
cash movement from restricted cash | |||||||||||||||||||||||||||
settlement of minimum revenue guarantee | 0 | 0 | -675,000 | -2,713,000 | 7,276,689 | -3,004,000 | -2,575,000 | -1,707,000 | -2,570,000 | -6,891,000 | -4,769,000 | -6,459 | -984 | -984 | |||||||||||||
net investments in associates | |||||||||||||||||||||||||||
net cash outflows from investing activities | -29,742,000 | -36,034,000 | -32,756,000 | -103,837,000 | -1,178,000 | -6,015,000 | -2,915,000 | -58,502,000 | |||||||||||||||||||
financing activities | |||||||||||||||||||||||||||
issuance of common shares | 0 | ||||||||||||||||||||||||||
transaction costs on issuance of common shares | |||||||||||||||||||||||||||
issuance of common shares in relation to stock options | 138,000 | 1,405,000 | 379,000 | ||||||||||||||||||||||||
redemption of sbg preferred shares | |||||||||||||||||||||||||||
repayment of shareholder loan on acquisition | |||||||||||||||||||||||||||
issuance of long-debt | |||||||||||||||||||||||||||
repayment of long-term debt assumed on business combinations | |||||||||||||||||||||||||||
transaction costs on long-term debt | |||||||||||||||||||||||||||
settlement of derivatives | |||||||||||||||||||||||||||
repayment of lease liability principal | -4,211,000 | -4,933,000 | -3,131,000 | ||||||||||||||||||||||||
acquisition of further interest in subsidiaries including deferred contingent payment | |||||||||||||||||||||||||||
capital contribution from the holders of non-controlling interest | |||||||||||||||||||||||||||
net (repayment) proceeds on loan issued from the holders of non-controlling interest | |||||||||||||||||||||||||||
net cash (outflows) inflows from financing activities | -99,039,000 | ||||||||||||||||||||||||||
increase in cash and cash equivalents | 68,111,000 | 63,621,000 | -124,401,000 | 413,000 | |||||||||||||||||||||||
unrealized foreign exchange difference on cash and cash equivalents | -18,528,000 | 2,528,000 | 3,043,000 | 1,850,000 | -14,281,009 | 4,952,000 | 9,611,000 | -265,000 | 4,683,000 | ||||||||||||||||||
cash and cash equivalents – beginning of period | 0 | 0 | 721,076,000 | 510,323,000 | -267,416,316 | 0 | 0 | 267,684,000 | 0 | ||||||||||||||||||
cash and cash equivalents – end of period | 49,583,000 | 66,149,000 | 599,718,000 | ||||||||||||||||||||||||
total revenue | |||||||||||||||||||||||||||
gross profit | |||||||||||||||||||||||||||
operating income | |||||||||||||||||||||||||||
adjusted net earnings¹ | |||||||||||||||||||||||||||
adjusted ebitda¹ | |||||||||||||||||||||||||||
adjusted ebitda margin¹ | |||||||||||||||||||||||||||
diluted earnings | |||||||||||||||||||||||||||
adjusted diluted net earnings per share (/share)¹ | |||||||||||||||||||||||||||
free cash flow¹ | |||||||||||||||||||||||||||
as at | |||||||||||||||||||||||||||
long-term debt - principal | |||||||||||||||||||||||||||
long-term debt - carrying value | |||||||||||||||||||||||||||
cash - operational | |||||||||||||||||||||||||||
income tax expense (recovery) recognized in net loss | |||||||||||||||||||||||||||
unrealized loss on investments | -8,553,000 | 23,635 | |||||||||||||||||||||||||
impairment of intangible assets | |||||||||||||||||||||||||||
issuance of long-term debt | |||||||||||||||||||||||||||
acquisition of further interest in subsidiaries | |||||||||||||||||||||||||||
proceeds on loan issued to the holders of non-controlling interest | 0 | 3,473,000 | 1,421,000 | ||||||||||||||||||||||||
income tax expense (recovery) recognized in net earnings | 24,381 | ||||||||||||||||||||||||||
unrealized gain on investments | -242,000 | -243,000 | -1,033,000 | -226,000 | 12,044,000 | -7,271,000 | |||||||||||||||||||||
impairment of property and equipment and intangible assets | 2,498,000 | 154,000 | |||||||||||||||||||||||||
income tax (recovery) expense recognized in net earnings | -13,098,000 | ||||||||||||||||||||||||||
unrealized gain on foreign exchange | -9,469,000 | -4,425,000 | 9,880,676 | -3,379,000 | -4,413,000 | -2,099,000 | -16,051,000 | -1,989 | -913 | -913 | |||||||||||||||||
net cash outflows from financing activities | -202,030,000 | -27,819,000 | 415,083,198 | -148,888,000 | -153,997,000 | -112,642,000 | -39,274,000 | -39,819,000 | -59,461,000 | ||||||||||||||||||
cash and cash equivalents - operational | |||||||||||||||||||||||||||
cash and cash equivalents - customer deposits | |||||||||||||||||||||||||||
current investments - customer deposits | |||||||||||||||||||||||||||
unrealized (gain) on investments | |||||||||||||||||||||||||||
impairment (reversal of impairment) of intangible assets and assets held for sale | |||||||||||||||||||||||||||
net (earnings) loss from associates | |||||||||||||||||||||||||||
cash movement from (to) restricted cash | |||||||||||||||||||||||||||
settlement of promissory note | -8,075,916 | 0 | |||||||||||||||||||||||||
net investment in associates | |||||||||||||||||||||||||||
proceeds on disposal of interest in associate classified as held for sale | -16,110,873 | ||||||||||||||||||||||||||
sale of investments | 19,691 | 7,428 | 7,428 | ||||||||||||||||||||||||
net cash (outflows) inflows from investing activities | |||||||||||||||||||||||||||
repayment of long-term debt assumed on business combination | |||||||||||||||||||||||||||
net proceeds on loan from non-controlling interest | |||||||||||||||||||||||||||
payment of deferred consideration | 197,312,490 | 0 | -122,510,000 | -75,000,000 | |||||||||||||||||||||||
settlement of margin | 0 | 0 | -7,602,000 | ||||||||||||||||||||||||
capital contribution from non-controlling interest | |||||||||||||||||||||||||||
net cash inflows (outflows) from financing activities | |||||||||||||||||||||||||||
cash and cash equivalents - end of period | 512,586,000 | -226,679,677 | -244,000 | -19,975,000 | 247,409,000 | 33,781,000 | |||||||||||||||||||||
adjusted net earnings ¹ | |||||||||||||||||||||||||||
adjusted ebitda ¹ | |||||||||||||||||||||||||||
adjusted ebitda margin ¹ | |||||||||||||||||||||||||||
diluted | |||||||||||||||||||||||||||
adjusted diluted net earnings per share (/share) ¹ | |||||||||||||||||||||||||||
free cash flow ¹ | |||||||||||||||||||||||||||
• | |||||||||||||||||||||||||||
redemption of sbg preferred shares and payment of shareholder loan on acquisition | |||||||||||||||||||||||||||
net proceeds on related party debt | |||||||||||||||||||||||||||
net cash flows from operating activities | |||||||||||||||||||||||||||
cash flows used in investing activities | |||||||||||||||||||||||||||
interest received | |||||||||||||||||||||||||||
purchase of property, plant and equipment | |||||||||||||||||||||||||||
purchase of intangible assets | |||||||||||||||||||||||||||
disposal of investments | |||||||||||||||||||||||||||
cash flows used in financing activities | |||||||||||||||||||||||||||
bank interest paid | |||||||||||||||||||||||||||
repayment of loan | |||||||||||||||||||||||||||
new bank loan raised | |||||||||||||||||||||||||||
dividends paid1 | |||||||||||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||||||||||
cash and cash equivalents at the beginning of the year | |||||||||||||||||||||||||||
cash and cash equivalents at the end of the year | |||||||||||||||||||||||||||
income taxes recognized in net earnings | |||||||||||||||||||||||||||
issuance of common shares in relation with exercised employee stock options | |||||||||||||||||||||||||||
issuance of debt | |||||||||||||||||||||||||||
repayment of debt | |||||||||||||||||||||||||||
loan from related party | |||||||||||||||||||||||||||
gain on settlement of derivatives | |||||||||||||||||||||||||||
stakes | |||||||||||||||||||||||||||
betting net win margin | |||||||||||||||||||||||||||
revenue | 392,891 | ||||||||||||||||||||||||||
poker | |||||||||||||||||||||||||||
gaming | |||||||||||||||||||||||||||
betting | |||||||||||||||||||||||||||
gross profit margin | |||||||||||||||||||||||||||
general and administrative | |||||||||||||||||||||||||||
sales and marketing | |||||||||||||||||||||||||||
research and development | |||||||||||||||||||||||||||
adjusted ebitda margin (%) ¹ | |||||||||||||||||||||||||||
u.s. dollars | |||||||||||||||||||||||||||
dormant accounts recognized as income | -1,866,000 | ||||||||||||||||||||||||||
interest accretion | 12,485,000 | -28,031,627 | 9,877,000 | 9,217,000 | 8,978,000 | 10,058,000 | 6,713,000 | 9,803,000 | 64,533 | 49,638 | 49,638 | ||||||||||||||||
interest expense | 25,130,000 | -90,635,531 | 27,309,000 | 29,760,000 | 33,683,000 | 33,393,000 | 33,274,000 | 32,418,000 | 162,384 | 114,662 | 114,662 | ||||||||||||||||
income tax expense recognized in net earnings | 1,155,000 | -828,792 | 2,688,000 | -400,000 | 2,516,000 | 1,962,000 | 12,612 | 12,612 | |||||||||||||||||||
depreciation of property and equipment | 2,744,000 | -6,546,075 | 2,177,000 | 2,217,000 | 2,161,000 | 2,119,000 | 2,033,000 | 1,957,000 | 10,965 | 8,379 | 8,379 | ||||||||||||||||
amortization of intangible assets | 32,462,000 | -95,710,014 | 32,057,000 | 32,084,000 | 31,697,000 | 32,119,000 | 31,221,000 | 30,233,000 | 116,697 | 77,662 | 77,662 | ||||||||||||||||
amortization of deferred development costs | 4,052,000 | -6,562,725 | 2,397,000 | 2,299,000 | 1,877,000 | 1,207,000 | 1,046,000 | 1,093,000 | 937 | 786 | 786 | ||||||||||||||||
impairment of (reversal of impairment of) intangible assets and assets held for sale | 115,000 | ||||||||||||||||||||||||||
realized loss on current investments, promissory note and other | 437,000 | ||||||||||||||||||||||||||
issuance of common shares in relation to exercised employee stock options | 9,737,000 | ||||||||||||||||||||||||||
settlement of brokerage margin account | |||||||||||||||||||||||||||
transaction costs on repricing of long-term debt | 4,714,281 | 0 | 0 | -4,719,000 | |||||||||||||||||||||||
gain on settlement of derivative | -13,890,096 | 0 | 0 | 13,904,000 | |||||||||||||||||||||||
additions in deferred development costs | -6,431,000 | 16,677,788 | -6,275,000 | -6,013,000 | -4,413,000 | -4,546,000 | -5,961,000 | -4,409,000 | |||||||||||||||||||
purchase of property and equipment | -3,585,000 | 5,496,003 | -3,253,000 | -1,398,000 | -856,000 | ||||||||||||||||||||||
acquired intangible assets | -2,427,000 | 1,482,107 | -565,000 | -212,000 | -707,000 | -574,000 | -2,777,000 | -3,272,000 | -3,844 | -2,431 | -2,431 | ||||||||||||||||
cash movement from (into) restricted cash advances and collateral | 1,126,000 | ||||||||||||||||||||||||||
diluted net earnings per common share | 0.36 | ||||||||||||||||||||||||||
adjusted ebitda | 175,022 | ||||||||||||||||||||||||||
adjusted net earnings | 139,207 | ||||||||||||||||||||||||||
adjusted net earnings per diluted share | 0.66 | ||||||||||||||||||||||||||
adjusted cash flow from operations | 132,258 | ||||||||||||||||||||||||||
current investments | |||||||||||||||||||||||||||
total current investments | |||||||||||||||||||||||||||
inventories | |||||||||||||||||||||||||||
prepaid expenses and deposits | |||||||||||||||||||||||||||
assets held for sale | |||||||||||||||||||||||||||
investments in associates | |||||||||||||||||||||||||||
long-term accounts receivable | |||||||||||||||||||||||||||
long-term investments | |||||||||||||||||||||||||||
promissory note | |||||||||||||||||||||||||||
investment tax credits receivable | |||||||||||||||||||||||||||
goodwill and intangible assets | |||||||||||||||||||||||||||
accounts payable and accrued liabilities | |||||||||||||||||||||||||||
other payables | |||||||||||||||||||||||||||
provisions | |||||||||||||||||||||||||||
current maturity of long-term debt | |||||||||||||||||||||||||||
(reversal of) impairment of assets held for sale, associates and intangible assets | 8,423,201 | ||||||||||||||||||||||||||
net loss (earnings) from associates | |||||||||||||||||||||||||||
gain on settlement of deferred consideration | 43,956 | 0 | |||||||||||||||||||||||||
issuance of common shares in relation to exercised warrants | |||||||||||||||||||||||||||
cash movement (into) from restricted cash advances and collateral | |||||||||||||||||||||||||||
acquisition of further interests in subsidiary | 6,509,484 | ||||||||||||||||||||||||||
investment in associate | 1,998,000 | ||||||||||||||||||||||||||
net cash inflows from investing activities | |||||||||||||||||||||||||||
unrealized (gain) loss on investments | |||||||||||||||||||||||||||
net income (earnings) from associates | |||||||||||||||||||||||||||
realized (gain) loss on current investments, promissory note and other | |||||||||||||||||||||||||||
sale (purchase) of investments | |||||||||||||||||||||||||||
dormant accounts recognized as revenue | -325,000 | -1,459,000 | -886,000 | 65,000 | |||||||||||||||||||||||
realized gain on investments | -2,028,000 | -5,005,000 | -2,122,000 | 1,662,000 | -1,491,000 | -805,000 | |||||||||||||||||||||
issuance of capital stock in relation with exercised warrants | 0 | -13,000 | 1,207,000 | 2,624 | 2,155 | 2,155 | |||||||||||||||||||||
issuance of capital stock in relation with exercised employee stock options | 2,699,000 | 5,512,000 | 1,710,000 | 132,000 | 160,000 | 353,000 | 3,035 | 2,629 | 2,629 | ||||||||||||||||||
cash movement into restricted cash advances and collateral | -137,000 | 156,000 | -546,000 | ||||||||||||||||||||||||
decrease in cash and cash equivalents | -5,196,000 | -29,586,000 | -20,010,000 | ||||||||||||||||||||||||
(reversal of) impairment of investment in associates and intangible assets | |||||||||||||||||||||||||||
earnings from associates | 47,000 | ||||||||||||||||||||||||||
purchase (sale) of investments | |||||||||||||||||||||||||||
acquisition of subsidiary net of cash acquired | |||||||||||||||||||||||||||
(reversal of) impairment of investment in associates | -6,684,000 | ||||||||||||||||||||||||||
loss from associates | 40,000 | ||||||||||||||||||||||||||
income taxes received | -1,128,000 | 841,000 | |||||||||||||||||||||||||
net sale of investments | 149,000 | ||||||||||||||||||||||||||
gain on discontinued operations, net of tax | -244,695 | -244,695 | |||||||||||||||||||||||||
loss on retirement of debt | 35,179 | ||||||||||||||||||||||||||
impairment of intangible assets and associates | |||||||||||||||||||||||||||
gain on sale of subsidiary | -6,742 | ||||||||||||||||||||||||||
repurchase of treasury shares | |||||||||||||||||||||||||||
repayment of premium on long-term debt | |||||||||||||||||||||||||||
purchase of investments | 3,108,000 | -9,721,000 | -18,000 | ||||||||||||||||||||||||
proceeds from sale of subsidiary | 594,387 | 494,437 | 494,437 | ||||||||||||||||||||||||
cash disposed of in discontinued operations | -11,397 | -9,329 | -9,329 | ||||||||||||||||||||||||
cash outflows into restricted cash advances and collateral | -14,573,000 | ||||||||||||||||||||||||||
acquisition of subsidiaries | 0 | ||||||||||||||||||||||||||
sale of investments utilizing customer deposits | 3,301,000 | ||||||||||||||||||||||||||
net cash inflows (outflows) from investing activities | -18,321,000 | ||||||||||||||||||||||||||
impairment of property and equipment, intangible assets, finance leases and associates | |||||||||||||||||||||||||||
cash included in assets held for sale | -4,845 | -4,845 | |||||||||||||||||||||||||
impairment of property and equipment, intangible assets, prepaids and finance leases | |||||||||||||||||||||||||||
net movement into restricted cash | -44,798,000 | ||||||||||||||||||||||||||
decrease in cash | -72,743,000 | ||||||||||||||||||||||||||
cash – beginning of period | 274,359,000 | 425,453 | 425,453 | 425,453 | |||||||||||||||||||||||
unrealized foreign exchange difference on cash | 5,479,000 | 54,195 | 23,919 | 23,919 | |||||||||||||||||||||||
cash – end of period | 207,095,000 | 330,282 | 450,697 | ||||||||||||||||||||||||
finance lease | -62 | -62 | -62 | ||||||||||||||||||||||||
loss on discontinued operations, net of tax | -337,493 | ||||||||||||||||||||||||||
impairment of property and equipment, intangible assets, and finance leases | 4,193 | 4,193 | 4,193 | ||||||||||||||||||||||||
proceeds from long-term debt | |||||||||||||||||||||||||||
proceeds from convertible preferred share issuance | |||||||||||||||||||||||||||
proceeds from common share issuance | |||||||||||||||||||||||||||
transaction costs relating to convertible preferred share issuance | |||||||||||||||||||||||||||
transaction costs relating to common share issuance | |||||||||||||||||||||||||||
repurchase of shares | -45,553 | -35,604 | -35,604 | ||||||||||||||||||||||||
repayment premium | -35,179 | ||||||||||||||||||||||||||
deferred development costs | -20,856 | -13,020 | -13,020 | ||||||||||||||||||||||||
restricted cash | -70,058 | -40,970 | -40,970 | ||||||||||||||||||||||||
increase in cash | -149,366 | 1,325 | 1,325 | ||||||||||||||||||||||||
long-term debt repayment premium | 35,179 | 35,179 | |||||||||||||||||||||||||
unrealized gain on marketable securities | -10,762 | -10,762 | |||||||||||||||||||||||||
deposit on rational group acquisition | |||||||||||||||||||||||||||
cash– end of period | 450,697 | ||||||||||||||||||||||||||
canadian dollars- unaudited | |||||||||||||||||||||||||||
net profit from ordinary activities | |||||||||||||||||||||||||||
adjustments for: | |||||||||||||||||||||||||||
dormant accounts recognised as revenue | |||||||||||||||||||||||||||
interest income received | |||||||||||||||||||||||||||
effect of foreign exchange rate changes | |||||||||||||||||||||||||||
unrealised foreign exchange gains and losses on operating activities | |||||||||||||||||||||||||||
impairment of goodwill | |||||||||||||||||||||||||||
provision for unquoted equity investments | |||||||||||||||||||||||||||
share based payment expense | |||||||||||||||||||||||||||
depreciation of property, plant and equipment | |||||||||||||||||||||||||||
amortisation of intangible assets | |||||||||||||||||||||||||||
loss on disposal of property, plant and equipment | |||||||||||||||||||||||||||
operating cash flows before movements in working capital and provisions | |||||||||||||||||||||||||||
decrease in trade and other receivables | |||||||||||||||||||||||||||
decrease in inventories | |||||||||||||||||||||||||||
decrease in trade and other payables | |||||||||||||||||||||||||||
increase in provisions | |||||||||||||||||||||||||||
cash from operations | |||||||||||||||||||||||||||
taxes paid | |||||||||||||||||||||||||||
net cash generated from operating activities | |||||||||||||||||||||||||||
purchases of property, plant and equipment | |||||||||||||||||||||||||||
purchase of available for sale financial assets | |||||||||||||||||||||||||||
investment in companies | |||||||||||||||||||||||||||
(purchase)/disposal of investments | |||||||||||||||||||||||||||
proceeds on disposal of property, plant and equipment | |||||||||||||||||||||||||||
increase in long term receivables | |||||||||||||||||||||||||||
decrease in short-term deposits | |||||||||||||||||||||||||||
equity dividends paid | |||||||||||||||||||||||||||
cash and cash equivalents at the beginning of year | |||||||||||||||||||||||||||
cash and cash equivalents at the end of year | |||||||||||||||||||||||||||
benefit from unquoted equity investments | |||||||||||||||||||||||||||
decrease/(increase) in trade and other receivables |