Flutter Entertainment, the parent company of FanDuel, reported significant financial results for the third quarter of 2024, with adjusted EBITDA rising 74% to $450 million and revenue increasing 27% to $3.25 billion. The company has forecasted a 35% profit increase for the full year. Following these robust results, Flutter's shares rose by 3.70% in premarket trading and reached a new high of $269.84, marking a 28% increase since the stock's debut on the New York Stock Exchange earlier this year. Additionally, Fox Corporation plans to exercise its option to purchase an 18.6% stake in FanDuel, a transaction valued at over $4.3 billion, a move that has reportedly not pleased Flutter's management. The company's stock performance is also noted as a bullish sign, as it has broken out of a Flat Base pattern with its Relative Strength line reaching a new high.