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Evening Standard

Holly Williams

Paddy Power owner Flutter alerts over earnings as gamblers enjoy winning streak

Flutter Paddy Power Fanduel Peter Jackson United States

Flutter has issued a warning over earnings after gamblers enjoy winning streak (Paddy Power Betfair/PA) - (PA Media)

Paddy Power owner Flutter Entertainment has warned over profits as payouts surged due to a long winning streak by punters.

The group – which also owns Betfair, Sky Bet and FanDuel in the US – slashed its full year underlying earnings outlook in results out in America late on Wednesday to £2.9 billion, down from £3.3 billion previously.

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