Reported 12 days ago
Flutter, the world's largest online betting company, has raised its full-year guidance for the second consecutive quarter, driven by impressive revenue growth from its non-U.S. brands. In the third quarter, adjusted earnings soared by 74% to $450 million, surpassing analyst expectations, with a notable 24% increase in core profits from established markets like Britain and Australia. The Irish firm is projecting a 35% rise in core profit and a 22% increase in revenue for 2024, while also announcing a $5 billion share buyback plan.
Source: YAHOO