Flutter Entertainment Plc (GB:FLTR) has released an update.
Flutter Entertainment Plc reported a robust financial performance for Q1 2024, with a 16% increase in revenue to $3.4 billion and a significant rise in adjusted EBITDA by 46% to $514 million. Despite these gains, the company experienced a net loss of $177 million, attributed to non-cash charges, although adjusted free cash flow saw a positive swing to $157 million. The US market was a standout, with FanDuel’s growth contributing to a 32% rise in revenue and a considerable improvement in adjusted EBITDA.
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