Billionaire George Soros’ 10 Mid-Cap Stocks With Huge Upside Potential

3. Flutter Entertainment plc (NYSE:FLUT)

Soros Fund Management’s Stake Value: $38.9 Million

Number of Hedge Fund Holders: 98

Flutter Entertainment plc is a gaming and sports betting company. The company offers iGaming products, sports betting products, and sportsbooks. It also provides sports betting and gaming services through tvg.com, paddypower.com, fanduel.com, paddypower.ie, betfair.com, and other websites. According to the median analyst price target, the stock still has an upside of 45.53%.

The firm reported strong Q4 results with revenue totalling $3.79 billion, indicating revenue growth of 14.5% year-over-year. Despite this increase, revenue came in less than the consensus expectation.

Free cash flows jumped to $941 million, registering an impressive 181% YoY increase. The company’s innovative products improved customer engagement, resulting in a 15% year-over-year increase in average monthly players. FanDuel’s success in the U.S. was driven by its strong leadership and innovative products.

Based on the provided outlook, expected revenue growth for 2025 is 13% YoY. For 2025, projected adjusted EBITDA growth is 34% YoY. Regardless of challenges like a softer racing market in Australia and lower new customer activations,  Flutter is well-positioned to grow. The management highlighted its focus towards customer engagement, market expansion, and product innovation, positioning it well for growth in the coming years.