Flutter: Reduced full year guidance despite the strength of Q3 trading – Edison Comment

Richard Sloss, Investment Director, Edison Group:

“Sports betting and gaming operator Flutter Entertainment PLC has today reported a 9% increase (12% at constant currency) in revenue to £1.439 billion in the three months ending September 30. Its Sports revenue rose by 17% to £906m from £798m the same time last year while its gaming revenue increased by 5% to £534m from £527m. With strong customer growth in UK, Australia and US markets, Flutter’s average monthly players rose by 13% to 7,257,000, up from 6,401,000 in the previous year.

Continue reading Flutter: Reduced full year guidance despite the strength of Q3 trading – Edison Comment at Sports Betting Operator.