Flutter Results Presentation Deck

Sustainable revenue growth + margin benefits Future states add in-year variability, but drive larger profit pool Future state launches Total US division Financial Review + New state launch: materially loss making in first twelve months before turning contribution positive in months 13-24 Ohio (c. 3.4% of US population) launched on 1 Jan, contribution loss of c. $120m to 30 June¹. Not expected to incur significant losses in second six months Ohio launch is good template for future states Currently estimate increases in access to sports betting of c. 4% and 5% of the population in 2024 and 2025 respectively T Combination of existing states and Ohio template a good framework for near-term modelling Timing of new state launches affect the combined business margin profile Temporary effect of a new state launch on P&L Suppressed by customer acquisition generosity investment Net revenue Cost of i sales % Sales and marketing % ¹Ohio loss includes pre-live investment incurred in Q4 2022 and has been adjusted for the impact of favourable sports results in H1 2023 Inflated as typically charged on gross revenue Inflated by material acquisition investment on state launch F II. 14

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