Flutter Entertainment reports 16% Q1 2024 revenue increase to $3.4bn, US business revenue up 32%, adjusted EBITDA up 46% to $514m.
Flutter Entertainment, parent company of Paddy Power and FanDuel, reported a 16% revenue increase to $3.4bn in Q1 2024. The group's US business saw a 32% revenue rise, contributing to a 46% increase in adjusted EBITDA to $514m. Despite unfavorable sports results, Flutter remains confident in its previous guidance for the year, with a focus on expanding its US player base, market share, and future profits.
May 14, 2024
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