Flutter revenues bolstered by US expansion and acquisitions but Paddy Power owner's UK business suppressed by safer gambling rules
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Loading... - Juan Alonso
- 03 Mar 2023
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Flutter Entertainment enjoyed higher revenues in 2022, boosted by a strong performance in the US after a string of acquisitions.
The group, which owns Paddy Power and Betfair, said revenues in the year to 31 December increased by 27 per cent to £7.69billion, while average monthly players (AMP) rose 26 per cent to 10.2million.
Earnings rose 27 per cent to £918million and the firm's pre-tax loss narrowed to £275million, marking an improvement from £288million a year ago.
US revenue jumped 87 per cent to £2.6billion, with the bulk stemming from the FanDuel business. Read More..
