FanDuel Parent Flutter Entertainment Cuts Outlook

FanDuel Owner Flutter Cuts Guidance as NFL Favorites Keep Winning
FanDuel owner Flutter Entertainment cut its fourth-quarter U.S. guidance late Tuesday, blaming gamblers who won big by backing favorites. The current NFL season “has been the most customer-friendly since the launch of online sports betting,
FanDuel Parent Flutter Entertainment Cuts Outlook as Too Many NFL Favorites Won
Key Takeaways FanDuel parent Flutter Entertainment warned that its U.S. results will be lower than anticipated because too many NFL favorites won this season, giving customers better payouts.The online gambling company said the "customer friendly" wagering resulted in lowering full-year U.
FanDuel’s Owner Flutter Warns Of Profit Drop After Gamblers Hit Winning Streak
International sports betting operator Flutter has warned of a hit to revenues and profits after U.S. gamblers enjoyed a string of winning bets on the NFL.
FanDuel Parent Again Revises EBITDA Guidance On Unfavorable NFL Results
Football season has been great in terms of customer acquisition but has done a number on the bottom line, according to FanDuel parent Flutter.
Flutter profits hit as US gamblers win big on NFL games
FanDuel and Paddy Power owner says results were most ‘customer friendly’ since launch of online sports betting
Flutter cuts US guidance as NFL gamblers ride winning streak
Flutter , the world's largest online betting company, said on Tuesday it expects 2024 earnings at its fast-growing U.S. FanDuel brand to be sharply lower after American football gamblers enjoyed an unprecedented winning streak.
FanDuel’s parent company just issued a profit warning. Blame the Detroit Lions.
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FanDuel Parent Warns: NFL Bettors Won Too Much
FanDuel parent Flutter Entertainment again lowered its estimates for 2024, citing the most customer-friendly NFL season “since the launch of online sports betting with the highest rate of favorites ...
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FanDuel Owner Flutter Entertainment Takes $370 Million Hit as Result of Bettor-Friendly NFL Season
In Q3, US business represented approximately 38% of sales for Flutter Entertainment. Along with FanDuel, the company owns gaming brands Paddy Power, Betfair, TVG, and Sky Betting & Gaming.