Flutter Entertainment Posts Narrower Loss In Q3; Revenue Up 27%
(RTTNews) - Flutter Entertainment (FLUT, FLTR.L) posted a third quarter net loss attributable to shareholders of $103 million compared to a loss of $275 million, last year. Loss per share was $0.58 compared to a loss of $1.55. Adjusted EBITDA rose 74% to $450 million. Adjusted profit per share was $0.43 compared to a loss of $0.10. Third quarter revenue was $3.25 billion, up 27% from a year ago.
The Group announced a small raise in fiscal 2024 Group revenue and adjusted EBITDA guidance. The improvement implies Group revenue up 22% year-over-year and adjusted EBITDA up 35% at the midpoints.
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