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Flutter Entertainment PLC FLUT

Consumer Cyclical Resorts & Casinos
Flutter Entertainment plc is an online sports betting and iGaming operator. Its divisions include the United States (U.S.), United Kingdom and Ireland (UKI), Australia and International. The U.S. division offers sports betting, casino, DFS and horse racing wagering products to players across various states in the United States, mainly online but with sports betting services also provided through a small number of retail outlets and certain online products in the province of Ontario in Canada. In the UKI, it offers sports betting (sportsbook), iGaming products and other products through its Sky Betting & Gaming, Paddy Power, Betfair and tombola brands. In Australia, it offers online sports betting products through its Sportsbet brand. The international division includes its operations in over 100 global markets and offers sports betting, casino, poker, rummy and lottery, mainly online. The international division includes PokerStars, Betfair International, Adjarabet and Junglee Games.


NYSE:FLUT - Post by User

Flutter Entertainment PLC
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  • GrahamBX
Post by GrahamBon May 06, 2023 10:25am
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Post# 35434547

Q1 2023 Results:29% Revenue growth, 92% increase in Fanduel

Q1 2023 Results:29% Revenue growth, 92% increase in Fanduel

DUBLIN, May 2 (Reuters) - Flutter (FLTRF.L) grew its revenue by 29% on a pro-forma basis in the first quarter, driven by a near doubling in its fast growing U.S. unit and a sharp recovery in Britain and Ireland, the world's largest online betting company said.

Led by its Fanduel brand, Flutter maintained its leading 50% share of the U.S. sports betting market after revenue jumped 92% year-on-year on a constant currency basis.
www.Reuters.com

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