Companies
Earnings jump 45% at Flutter as US revenues soar
Paddy Power-owner experienced its first year of positive profit in the US
Revenue at gambling giant Flutter jumped almost 25 per cent to $11.79 billion last year as its average monthly players surged to top 12 million.
The gambling giant, which owns Paddy Power, saw its further adjusted earnings before deductions increase 45.4 per cent year-on-year to $1.87 billion in 2023, driven higher by the 20.3 per cent increase in monthly players. Further adjusted earnings before interested, taxation, depreciation and amortisation (EBITDA) is adjusted EBITDA excluding ...
