Flutter Entertainment said strong US momentum continues and ex-US performance is in line with market expectations as it presented its Q1 trading update.
Group revenue growth of six per cent was driven by continued strong recreational player momentum with average monthly players up 15 per cent.
In the US, "excellent execution" delivered revenue growth of 45 per cent to $574m with continued strong customer economics.
For the group's ex-US there was a three per cent decline in revenue or two per cent higher excluding known safer gambling and regulatory headwinds driven by strong performance in Australia, Canada, Brazil and India.
Peter Jackson, chief executive, commented: "Flutter delivered a positive Q1 performance with revenue growth of six per cent. The quarter saw us launch our new global sustainability strategy, the Positive Impact Plan, aligning commercial goals with our commitment to support our customers, colleagues and the communities in which we operate.
"In the US we had another exciting quarter as FanDuel continued to deliver unparalleled scale, with the US accounting for over half of all stakes for the Flutter Group in Q1. We launched our FanDuel sportsbook in New York and Louisiana in January and also expanded into Ontario in April.
"We beat a number of FanDuel records in the quarter; Super Bowl Sunday was the single biggest day ever for new customers and we had over 1.5 million active customers on the day. March Madness this year also proved our most popular season yet, attracting 19 million wagers across the tournament.
"Outside of the US, our business performed well, adapting to the evolving regulatory and trading environment and reflecting the benefits of our global diversification. In the UK and Ireland we launched several new products in the quarter. I look forward to the imminent release of the UK Government's White Paper on its review of the Gambling Act.
"In Australia, Sportsbet delivered good growth from ongoing customer driven momentum, with excellent retention of players acquired in 2021. Our International business benefitted from strong performance in focus markets and we hope to complete the Sisal acquisition in Q3.
"With our enlarged recreational customer base, winning position in the US and ongoing focus on sustainable growth, our business remains well placed for the future."
