Flutter Entertainment reports revenue up 6%

Finance News

Flutter Entertainment t grew revenue in the first quarter, led by a strong performance in the US market which offset a decline in the UK & Ireland.

First quarter, total revenue was 5% higher year-on-year at GBP1.57 billion from GBP1.49 billion. This was a 6% increase on a constant-currency basis. Stakes more than doubled to £5.7bn as a result of the high player momentum.

Peter Jackson, CEO, Flutter Entertainment said, “Flutter delivered a positive Q1 performance with revenue growth of 6%.”

“The quarter saw us launch our new global sustainability strategy, the Positive Impact Plan, aligning commercial goals with our commitment to support our customers, colleagues and the communities in which we operate.” 

“With our enlarged recreational customer base, winning position in the US and ongoing focus on sustainable growth, our business remains well placed for the future.”