Flutter Entertainment U.S. Revenue Misses Guidance
18 1월 2024 - 5:04PM
Dow Jones News
By Najat Kantouar
Flutter Entertainment said fourth-quarter U.S. revenue missed
its expectations but the rest of the business's earnings were in
line.
The FTSE 100 gambling and betting group behind the FanDuel,
PokerStars and Paddy Power brands said Thursday that group revenue
for the three months to Dec. 31 rose 11% from a year earlier to
2.67 billion pounds ($3.38 billion).
U.S. and U.K. and Ireland revenue rose 19%, while Australia
revenue dropped 9%.
In the U.S., net revenue was GBP1.14 billion, GBP147 million
below previous guidance, the company said.
The company said in December that it would list its shares on
the New York Stock Exchange on Jan. 29 and keep its listing on
London's FTSE 100 index, but delist from Dublin.
"We are very excited that the addition of a U.S. Flutter listing
is now just days away. This is a pivotal moment for the group as we
make Flutter more accessible to U.S. based investors and gain
access to deeper capital markets," Chief Executive Peter Jackson
said.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
January 18, 2024 02:49 ET (07:49 GMT)
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