In his final earnings call as Flutter Entertainment CEO, Peter Jackson was obliged to reduce earnings guidance for the FanDuel parent company. Full-year revenue projections were lowered by $395 million and cash flow by $210 million.
The reductions were attributed, in part, to “strengthen our proposition and accelerate FanDuel’s sports book momentum,” according to Flutter’s earnings release.
In his opening remarks on the August 6 call, Jackson took responsibility for making decisions that were, he said, unpopular at the time, but which paid off later. He put his reinvestment in the United States market in that category, as it would weigh upon earnings.
