Flutter Entertainment has announced its Q3 2024 results, reporting a small raise to fiscal year 2024 group guidance.
Peter Jackson, CEO, commented: “Flutter had an excellent quarter with revenue growth accelerating to 27 per cent, well ahead of market expectations and increases to our revenue and adjusted EBITDA guidance for 2024.
"In the US, we had a fantastic start to the new NFL season with peak wagers per minute already higher than Super Bowl LVII. Our proprietary product offering continued to drive strong parlay penetration as well as a step up in live betting handle.
"Outside of the US, all divisions delivered a strong performance in the quarter as they leveraged the benefits of the Flutter Edge. In the UK, a broader product range across both sports and igaming drove player and revenue growth.
"Sisal continued to make significant share gains in Italy as we look to expand our presence there with the addition of Snai. In Australia, Sportsbet has been demonstrating encouraging trends.
"We believe that the group has exciting growth prospects due to our unparalleled leadership positions across the world, underpinned by access to the Flutter Edge.
"We expect to have significant capital to deploy over the coming years and I am excited to commence the share repurchase programme in Q4.”
