Paddy Power takes Q4 revenue hit due to adverse betting results
Trump's surprise victory in the US election cost the bookmaker £5 million
Paddy Power Betfair released a trading statement this morning, in which it said it expected full-year earnings to be line with guidance despite adverse betting results, including the unexpected outcome of the US election, hitting the bookmaker's revenues by £40 million in the fourth quarter. The company will publish its annual results on March 7.
Here are the key points from the trading statement:
- Group revenue rose by 18 per cent last ...
