Flutter Entertainment, a big online gaming company, talked about their plans for the future today. They think the market for online games will grow a lot by 2027, reaching $368 billion. They want to make $21 billion in revenue by that year, which is a big increase. They also plan to save money by buying back some of their shares. This means they will buy $5 billion worth of their own shares to make the company stronger. Investors are happy with these plans and the company’s stock price went up. They think Flutter Entertainment is a good company to invest in, especially because the market is growing. The company and its plans were well received by investors.
Vocabulary List:
- Revenue /ˈrevənü/ (noun): The total income generated by the sale of goods or services.
- Increase /ɪnˈkriːs/ (verb): To become greater in size amount or degree.
- Shares /ʃɛrz/ (noun): Units of ownership interest in a company.
- Investors /ɪnˈvɛstərz/ (noun): Individuals or entities that allocate capital with the expectation of a financial return.
- Market /ˈmɑːrkɪt/ (noun): A place or system where buyers and sellers interact to exchange goods or services.
- Strengthen /ˈstrɛŋθən/ (verb): To make or become stronger.
How much do you know?
What is the projected size of the online gaming market by 2027 according to Flutter Entertainment?
How much revenue does Flutter Entertainment aim to make by 2027?
How much will Flutter Entertainment invest in buying back their shares to strengthen the company?
Why are investors pleased with Flutter Entertainment's future plans?
What impact did Flutter Entertainment's plans have on their stock price?
Why do investors consider Flutter Entertainment a good company to invest in?
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