Flutter says it's committed to using some of the increased revenue to invest in growing its business even more globally.
Flutter says it's committed to using some of the increased revenue to invest in growing its business even more globally. Flutter Entertainment produced a 2024 second quarter that surpassed expectations and has the parent company of FanDuel enjoying substantial growth.
“It was a very strong quarter for the group and ahead of market expectations,” Flutter CEO Peter Jackson said. “We have outperformed in our major markets, U.S. sports and iGaming, U.K., Ireland, and Italy, providing great momentum for the second half of the year.” Player volumes have jumped 20% in pre-2022 states while FanDuel claimed 59% of the market in North Carolina, which launched sports betting in March. Flutter is committed to using some of the increased revenue to invest in growing its business even more globally.
Adjusted EBITDA range in the U.S. also increased from $635 million-$785 million previously to between $680 million and $800 million in 2024.
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