Sports betting and iGaming giant Flutter Entertainment PLC (NYSE:FLUT) reported first-quarter financial results Wednesday after market close.
Here are the key highlights.
Flutter Q1 Financials
Flutter reported first-quarter revenue of $4.30 billion, up 17% year-over-year. The revenue total beat a Street consensus estimate of $4.29 billion, according to data from Benzinga Pro.
U.S. revenue was $1.76 billion in the quarter, up 6% year-over-year, with sportsbook growth of 1% and iGaming growth of 19%.
International revenue was $2.54 billion in the quarter, up 27% year-over-year, with sportsbook growth of 22% and iGaming growth of 32%. The company said the segment was boosted by M&A.
The company reported first-quarter earnings per share of $1.22, beating a Street consensus estimate of $1.20.
Flutter had 14.38 million average monthly players in the quarter, down 3% year-over-year.
Flutter’s FanDuel ended the quarter as the number one sportsbook and iGaming …
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