Flutter Q1 revenues grow amid spike in monthly player numbers

Bookmaker Flutter Entertainment saw group revenues grow in the three months ended 31 March as the number of average monthly players rose by 15% to 8.85m.

Flutter said on Wednesday that total revenues had grown 5% year-on-year to ร‚ยฃ1.56bn, with sports revenue growing 4% to ร‚ยฃ930.0m and gaming revenues up 8% to ร‚ยฃ636.0m.

In the US, Flutter said “excellent execution” had seen it deliver revenue growth of 45% to $574m, with “continued strong customer economics”.

The FTSE 100-listed firm stated revenue in its international division was 5% lower, reflecting the impact of expected headwinds in the quarter. However, excluding these headwinds revenue grew 6%, with strong growth in Canada, Brazil, India, Georgia, and Armenia.

Chief executive Peter Jackson said: “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.”

Related Articles

Sign up to the Wealth DFM Newsletter

Name

Trending Articles

Wealth DFM Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

Wealth DFM Talk Podcast – listen to the latest episode