"The letters FL in FL Entertainment stand for FruityLoops, which is the original name of the digital audio workstation FL Studio developed by Image-Line Software⁷. FL Entertainment is a global and independent group that owns Banijay, the world's largest content producer and distributor, and Betclic, the fastest-growing sports betting platform in Europe⁵. FL Entertainment was created by Stéphane Courbit, a former president of Endemol France, who also founded LOV Group and Banijay⁶. FL Entertainment is listed on the Amsterdam Stock Exchange since July 2022⁵."
Source: Conversation with Bing, 30/10/2023
(1) FL Studio - Wikipedia. https://en.wikipedia.org/wiki/FL_Studio.
(2) FL Entertainment successfully completes business - GlobeNewswire. https://www.globenewswire.com/news-release/2022/07/01/2472638/0/en/FL-Entertainment-successfully-completes-business-combination-with-Pegasus-Entrepreneurs-and-lists-on-Euronext-Amsterdam.html.
(3) Banijay - Wikipedia. https://en.wikipedia.org/wiki/Banijay.
(4) FL Entertainment is a global leader in entertainment. https://www.flentertainment.com/.
(5) FL Entertainment is a leader in the entertainment business. https://www.flentertainment.com/who-we-are/.
(6) Find Top Entertainment in FL near you - VISIT FLORIDA. https://www.visitflorida.com/things-to-do/attractions/entertainment/.
(7) THE 15 BEST Things to Do in Florida - Tripadvisor. https://www.tripadvisor.com/Attractions-g28930-Activities-Florida.html.
Share price: EUR 8,75 There seemed to be zero trading today in this EUR 3,7 billion market cap company?? I bought 1 share at EUR 8,75.
Revenue is EUR 4b of which 1b sports betting which is growing at 20% a year. 3b entertainment.
Not really profitable? and book value is slightly negative.
Debt seems to have increased.
"FL Entertainment N.V. Proposes Dividend for the Financial Year 2022
March 16, 2023 at 12:40 pm EDT
Share
FL Entertainment N.V. proposed dividend for the financial year 2022 of €0.36 per share, representing a 49% payout ratio on Adjusted net income. It will be paid fully in cash and will be submitted for approval to the Annual General Meeting on 15 June 2023."
EUR 0,36/EUR 8,70 share price = 4%
Too difficult pile.
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