Flutter Q3 core profit up 74%, slight upgrade to FY guidance
Nov 12 (Reuters) -Flutter Entertainment PLC FLTRF.L:
FLUTTER - Q3 ADJUSTED EBITDA +74% TO $450 MILLION, REVENUE +27% TO $3.25 BILLION, AVERAGE MONTHLY PLAYERS (AMP) +16%
FLUTTER - GROUP FY GUIDANCE RAISED 1% FOR REVENUE AND ADJUSTED EBITDA TO REFLECT STRONG GROUP EX-US PERFORMANCE IN Q3
FLUTTER - FY EX-US INCREASES OF 3% FOR REVENUE TO $8.2BN AND ADJUSTED EBITDA TO $1.82BN
FLUTTER - Q3 GROUP EX-US ADJUSTED EBITDA +24% Y/Y; REVENUE +15%
FLUTTER - Q3 ADJUSTED EBITDA $58 MILLION VERSUS $55 MILLION LOSS A YEAR AGO; REVENUE +51% Y/Y
FLUTTER - EXCELLENT US MOMENTUM IN Q3 HAS SUBSEQUENTLY BEEN MORE THAN OFFSET BY UNFAVORABLE SPORTS RESULTS IN Q4 TO DATE
FLUTTER - AUSTRALIA PERFORMANCE ENCOURAGING, POSITIVE PLAYER ENGAGEMENT MOMENTUM SEEN IN Q2 CONTINUED INTO Q3
FLUTTER - US Q3 TOTAL ONLINE GROSS GAMING REVENUE MARKET SHARE OF 35%, SPORTSBOOK GGR SHARE 41%, IGAMING GGR SHARE 25%
FLUTTER - FIRST SHARE BUYBACK TRANCHE TO COMMENCE ON NOV 14 WITH $350M IN REPURCHASES TO END OF Q1 2025
FLUTTER - FY US GUIDANCE RANGE NARROWED WITH MIDPOINTS FOR REVENUE 1% LOWER TO $6.15BN, ADJUSTED EBITDA 4% LOWER TO $710M
Further company coverage: FLTRF.L FLUT.N
(Reporting By Padraic Halpin)
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