Flutter Entertainment falls after lowering annual profit forecast for US market
ReutersMay 8, 2025 2:23 PM
U.S.-listed shares of sports betting platform Flutter Entertainment FLUT.N FLTRF.L down 3% at $235.2
Flutter late on Wednesday said it expects U.S. core profit to be $180 million lower this year at $1.13 billion due to an unprecedented run of bettor-friendly results during the March Madness college basketball tournament
FLUT posted adj. EBITDA of $616 million for the first quarter, which fell short of analysts' estimate of $658 million, according to data compiled by LSEG
Including session's moves, FLUT down 10.1% YTD
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