Despite adverse sporting outcomes, which management acknowledged in an 11 November earnings call, FanDuel parent Flutter Entertainment grew revenues in the third quarter. “I am pleased to report a good third quarter,” CEO Peter Jackson said.
Flutter reported US$3.8 billion in revenue across all its platforms, a 17% increase from 2024. This was led by 44% increases in United States igaming revenue and a 31% gain in international igaming winnings. Sports betting win was down.
Revenues overall were up 17% but cash flow dropped US$280 million. Flutter also posted a US$789 million loss, driven by adverse sports outcomes and mainly by an impairment charge related to the cessation of operations in India. The subcontinent recently outlawed online wagering.
