Flutter Entertainment 1Q Revenue Rose, Driven by Online-Player Growth
By Adria Calatayud
Flutter Entertainment PLC said Thursday that first-quarter
revenue climbed as it continued to add online players, with online
revenue in the U.S. more than doubling.
The FTSE 100 gambling group said it expects an acceleration in
sports growth in the second quarter, due the effect of the
coronavirus pandemic in the comparable period of 2020, and more
challenging year-earlier comparative figures in gambling
The owner of FanDuel and Paddy Power said total revenue for the
first three months of the year was 1.49 billion pounds ($2.07
billion) compared with GBP1.13 billion for the same period last
year. Online revenue rose 42% at constant currency to GBP1.47
Average monthly players increased by 36% to 7.7 million,
including more than 1.6 million in the U.S., Flutter said.
"We are continuing to consider our options with respect to a
possible U.S. listing of a small shareholding of FanDuel Group. No
decision has been made at this time and we will update the market
as appropriate," Flutter Chief Executive Peter Jackson said.
Write to Adria Calatayud at email@example.com
(END) Dow Jones Newswires
April 29, 2021 02:35 ET (06:35 GMT)
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