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Paddy Power owner cuts full year profit forecast

Paddy Power owner Flutter Entertainment, the world's largest online betting company, has sharply cut its full-year profit growth forecast, mainly due to another long winning streak by gamblers that increased its payouts.

Business • 13 Nov

Flutter said it expects US core profit to be $180m lower this year at $1.13 billion due to an unprecedented run of better-friendly results

Flutter cuts US forecast on gamblers' winning streak

Paddy Power and FanDuel-owner Flutter Entertainment has cut its forecast for full-year US profit growth, after a winning streak for gamblers dented earnings at the world's largest online betting company for the second quarter in a row.

Business • 08 May

Flutter's third-quarter group revenue of $3.25 billion was well ahead of the $3.05 billion expected by analysts and up 27% year-on-year

Flutter nudges up guidance on growth outside US market

Paddy Power owner Flutter Entertainment, the world's largest online betting company, has nudged up its full-year guidance for the second successive quarter after its non-US brands drove better than expected third-quarter revenue growth.

Business • 13 Nov 24

Flutter Entertainment buys 56% stake in Brazil's NSX

Paddy Power owner Flutter Entertainment has bought an initial 56% stake in NSX Group, the Brazilian operator of the Betnacional brand for a cash consideration of about $350m.

Business • 13 Sep 24

Earlier this month, Flutter shareholders overwhelmingly backed the transfer of its listing to New York at its AGM in Dublin

Flutter confirms primary listing now on NYSE

Paddy Power owner Flutter Entertainment confirmed today that its primary listing is now on the New York Stock Exchange.

Business • 31 May 24

Paddy Power owner Flutter Entertainment is the world's largest online betting company

Flutter's first quarter core profit jumps by 46%

Flutter Entertainment, the world's largest online betting company, has today reported a 46% rise in first quarter adjusted core profit.

Business • 14 May 24

Flutter Entertainment said its UK and Ireland Retail revenue increased by 6% to £75m from £71m in the fourth quarter of 2023

Flutter Entertainment shares soar as Q4 revenues up 15%

Shares in online betting giant Flutter Entertainment jumped over 15% today after analysts said fourth quarter market share gains and stronger-than-expected win margins in the fast growing US market augured well for 2024.

Business • 18 Jan 24

Flutter's FanDuel unit remains the number one operator in the US

Flutter Entertainment upgrades US revenue guidance

Paddy Power owner Flutter Entertainment has today upgraded full-year revenue guidance for its fast-growing US business.

Business • 09 Nov 22

Flutter Entertainment - which owns Paddy Power - held its AGM in Dublin today

Flutter chairman defends pay rises for company bosses

The chairman of Paddy Power owner, Flutter Entertainment, has defended the company's remuneration policy for top executives, after a bloc of shareholders registered unhappiness at today's annual general meeting.

Business • 28 Apr 22

The Paddy Power owner said its group revenue for the year rose 15% to £6.036 billion from £5.264 billion in 2020

Flutter shares dive as lockdown gambling boom ends

Flutter Entertainment today posted an 11% fall in 2021 earnings as easing Covid-19 lockdowns lowered demand, sending shares in the world's largest online betting firm down over 13% at one stage today.

Business • 01 Mar 22

Paddy Power owner Flutter Entertainment said its revenues rose by 12% to £1.439 billion from £1.325 billion

Flutter cuts guidance on unfavourable sports results

Paddy Power, Betfair and Fanduel owner Flutter Entertainment has today cut its full year profit guidance, sending its shares sharply lower after gamblers enjoyed a winning streak in October.

Business • 02 Nov 21

Flutter Entertainment said the Covid-19 restrictions are impacting its retail business in Ireland and the UK

Flutter Entertainment's 2020 revenues soar on TSG deal

Paddy Power owner Flutter Entertainment has reported a 106% increase in revenues for 2020 after what it called a "transformational year".

Business • 02 Mar 21

The deal will take Flutter's stake in FanDuel from 57.8% to 95%

Flutter to buy 37% stake in FanDuel for $4.18 billion

Paddy Power owner Flutter Entertainment has today agreed to buy the 37.2% stake in US-based FanDuel for $4.175 billion which is now owned by Fastball.

Business • 03 Dec 20

Paddy Power owner Flutter gets UK approval for deal with The Stars Group

Flutter wins UK approval for The Star Group deal

Flutter Entertainment has received unconditional phase one clearance from the UK Competition and Markets Authority for its proposed deal with The Stars Group.

Business • 31 Mar 20

Paddy Power owner has warned of a £100m hit to full year earnings due to sporting event cancellations

Flutter sees big earnings hit if sports remain off

Paddy Power Betfair parent Flutter Entertainment said it would take a £90-110m hit to full-year earnings if coronavirus sports fixture restrictions remain in place until the end of August, but horse racing continues without spectators.

Business • 16 Mar 20

Paddy Power owner reports 10% rise in Q3 revenues

The owner of Paddy Power, Flutter Entertainment, said its third quarter revenues grew by 10% with good growth across both its sports and gaming divisions.

Business • 07 Nov 19

Paddy Power Betfair said its Sports revenues rose by 15% to £366m in the first quarter

Paddy Power Betfair's Q1 revenues race 17% higher

Paddy Power Betfair touted "huge progress" in the developing US market and a strong first quarter for its established Australian business as revenue rose by 17% despite sports results favouring gamblers.

Business • 02 May 19

Paddy Power Betfair's full year profits fall by 11%

Paddy Power Betfair to re-name as Flutter Entertainment

Paddy Power Betfair has reported an 11% fall in full year pre-tax profits despite a 7% rise in revenues for the year to the end of December.

Business • 06 Mar 19

Paddy Power Betfair posts a 12% increase in net revenue for its third trading quarter

Paddy Power Betfair's third quarter revenue up 12%

Paddy Power Betfair lifted the bottom end of its full year earnings guidance range today as a strong performance in its main online business outweighed a run of unfavourable sports results in the third quarter.

Business • 02 Nov 18

Peter Jackson