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Evening Standard

Business

Holly Williams

Flutter upgrades full-year forecast as FanDuel steals the show

Flutter Fanduel United States Betfair Paddy Power

Paddy Power and Betfair owner Flutter has hiked its earnings outlook (Alamy/PA) -

Paddy Power and Betfair owner Flutter has hiked its earnings outlook after the group’s FanDuel-led US business helped drive a better-than-expected recent performance.

The world’s largest online sports betting and iGaming group said revenues jumped 16% to 4.19 billion US dollars (£3.12 billion) in its second quarter, while underlying earnings surged 25% higher to 919 million US dollars (£683.3 million).

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