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May 4 2022, 07:15 IST/BST
Flutter Entertainment
Q1 performance along expected lines
- Sectors : Gaming
- Companies : Flutter Entertainment
DAVY VIEW
Flutter Entertainment’s (Flutter) Q1 performance reflects its enviable position in the all-important US market but also the challenging regulatory and trading environment it must contend with on the ex-US side of the business. The group result is along expected lines – a +6% year-on-year (yoy) increase in Q1 group revenue is consistent with our (+4%) and consensus (+5%) forecast growth rates. We are likely to leave our current year forecasts unchanged at this time.
