FanDuel Owner Flutter Cuts Guidance

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.
Even the house can lose: Why FanDuel owner Flutter took a $370 million hit on NFL games
Flutter said this football season has seen the most “customer-friendly” NFL outcomes since the launch of online sports betting.
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.
Flutter Cuts US Guidance as NFL Gamblers Ride Winning Streak
DUBLIN (Reuters) - 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.
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
Latest NFL season highlights financial risks for sports betting companies when so many favorites win
It’s been a tough football season for sports books. FanDuel and its key rival DraftKings have both showed investors that the ...
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‘Embarrassing’: How Flutter’s $370m US revenue guidance cut shows the need for a strategy re-think
Quarter four’s announcement on ‘unfavourable sporting results’ comes in the first year of listing on stock exchange ...
Flutter Entertainment rises Friday, outperforms market
Flutter Entertainment PLC FLTR shares rose 1.29% to £204.70 Friday, on what proved to be an all-around dismal trading session ...
Bet On It: Customer friendly results adversely impact Flutter U.S. revenue guide
Welcome to the latest edition of “Bet On It,” where The Fly looks at news and activity in the sports betting and iGaming space. Stay Ahead of ...
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Flutter issues US profit warning amid “very unfavourable” sports results
Flutter is likely to fall around $370 million short of US revenue expectations following “very unfavourable” sports results ...
Lions' Week 17 win over 49ers results in $74 million loss for sportsbook
The outcome was meaningless for the teams on the field, but the 49ers-Lions game cost one sportsbook dearly on Monday night ...
Barclays Reaffirms Their Buy Rating on Flutter Entertainment PLC (FLTR)
In a report released today, James Rowland Clark from Barclays maintained a Buy rating on Flutter Entertainment PLC (FLTR – Research Report).