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flag Betting giant Flutter raises profit forecast by 40% after strong US division performance.

flag Flutter, owner of Paddy Power and Betfair, has raised its full-year profit forecast after a strong second quarter. flag The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 25% to $919m, above expectations. flag Flutter's US division, led by FanDuel, saw a 17% revenue increase and contributed $400m in earnings. flag The revised forecast now projects annual revenues of $17.26bn and underlying earnings of $3.3bn, up 23% and 40% respectively.

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