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Richard Stuber

Research Analyst at Deutsche Bank

Richard Stuber's questions to Flutter Entertainment (FLUT) leadership

Question · Q4 2025

Richard Stuber asked about the impact of Flutter Entertainment stopping credit card deposits, specifically whether these deposits have been offset by alternative payment methods or if customers have left, and if competitors are taking similar actions.

Answer

CFO Rob Coldrake stated that Flutter has anticipated and navigated credit card deposit changes in other markets, expecting a de minimis impact from the upcoming March change in the US, as it is within their plans and not expected to have a material impact.

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Question · Q4 2025

Richard Stuber inquired about the impact of stopping credit card deposits, asking if these have been offset by alternative payment methods, if credit card customers have left, and how this compares to competitors' actions.

Answer

CFO Rob Coldrake stated that the company has anticipated and navigated this change in other markets globally, expecting a de minimis impact from stopping credit card deposits at the start of March. He confirmed that this is within their plans and not expected to have a material impact.

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