FanDuel-Parent Flutter Results Miss After March Madness Setback

Flutter keeps blaming different sets of sports fans for ruining its results

This quarter, it’s the fault of college basketball fans....

Flutter report falls short of Wall Street projections

Sales grew 7.9% to $3.67bn

FanDuel-Parent Flutter Results Miss After March Madness Setback

Flutter Entertainment Plc, parent of the FanDuel online betting business, reported sales and earnings that fell short of Wall Street projections after coming up on the losing side of a number of college basketball bets.

Are American Bettors Losing Interest In Basketball?

On Thursday afternoon, just four minutes into an earnings call outlining his company’s performance, Flutter CEO Peter Jackson made a point to mention that FanDuel customers weren’t betting on basketball as much as he expected. Flutter—which owns PaddyPower, BetFair, Sky Betting & Gaming and FanDuel, among other brands—released its first quarter earnings Wednesday. The brand’s […]

Flutter Q1 revenue up 8% but US FY 2025 guidance cut on adverse sports results

Flutter Entertainment has reported an 8% year-on-year (YOY) spike in Q1 revenue to $3.7bn, although the operator has decreased its full-year 2025 guidance in the US. Revenue rose from Q1 2024’s return of $3.4bn, while adjusted EBITDA increased 20% from $514m to $616m for the New York-listed operator. Average monthly players were also up 8% to 14.9 million, while a net loss of $177m swung to a net income of $335m. The first three months of 2025 m…