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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... see more

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Flutter Entertainment PLC > Q1 2023 Results:29% Revenue growth, 92% increase in Fanduel

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Post by GrahamB on May 06, 2023 10:25am

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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