Flutter Entertainment plc, a prominent player in the sports and non-sports betting sector in Ireland, has received a buy rating from UBS.

The company's net turnover is primarily driven by sports betting management, which accounts for 55.8% of its revenue. This includes activities such as horse racing, soccer, rugby, and golf tournaments.

Non-sports betting management, which includes casino games, lotteries, and bingo, contributes 39.2% to the company's revenue. The remaining 5% comes from other activities.

Flutter's net turnover is geographically diversified, with significant contributions from the United States (37.2%), the United Kingdom (23.2%), Australia (12.3%), Italy (11.5%), and other regions (13.2%). This distribution highlights the company's strong presence in key international markets, positioning it favorably within the competitive landscape of the betting industry.