Flutter Entertainment reports 12 revenue increase for Q3 2021

Flutter Entertainment has reported revenue of £1

Flutter Entertainment has reported revenue of £1.44bn ($1.97bn) for the thirdly billet of 2021, a 12% step-up from the prior-year period.

Sports revenue grew 17% to £906m, while gaming revenue grew 5% to £534m. The group’s middling monthly players in the meantime climbed by 13% year-on-year to 7.3 million.

UK and Hibernia revenue was mastered 5% to £491m due to the “busier, in high spirits profile sporting calendar inwards prior year,” while Commonwealth of Australia climbed 20% to £370m thanks to richly customer holding amid homebody restrictions in the country. International revenue fell past 3% to £299m, piece US grew 85% to £280m.

Flutter also provided current trading and good twelvemonth steering inward the update, noting that unfavourable sports results inwards the for the first time 24 days of October experience wedged group Earnings Before Interest Taxes Depreciation and Amortization (except US) by around £60m. Adjusted EBITDA expectations for the yr are at present expected to follow £1.24bn - £1.28bn, compared to the previous counseling of £1.27bn - £1.37bn.

In the US meanwhile, the clear revenue counseling is unchanged at £1.285bn - £1.425bn, with the Adjusted Earnings Before Interest Taxes Depreciation and Amortization red ink expected to follow 'tween £250m and £275m.

“In the US we maintained our leading position, with the caliber of our product offering leading to high up levels of customer engagement,” said Flutter Entertainment Chief Executive Saint Peter the Apostle Jackson. “As expected, the pop of the NFL harden saw a step-up in free-enterprise(a) intensity. We remained disciplined, however, leveraging the wide lot of mellow quality marketing assets at our disposal.

“The customer response has been very encouraging with FanDuel now on a regular basis experiencing staking levels on Sundays that check its 2021 SuperBowl performance. Early meshing on NBA since the recent scratch of flavour has also been strong.”

Jackson added: “Across our stage business we continue to take on client tribute and we of late announced measures to enhance the tribute of jr. customers inward the UK & Emerald Isle as part of our lay on the line based "Triple Step" approaching to affordability.”

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