Flutter Entertainment Shares Rise on 2Q Revenue Surge, Raised 2024 Outlook
By Denny Jacob
Flutter Entertainment shares rose in post-market trading on Tuesday after revenue surged in its latest quarter and the company raised its outlook for the year.
Shares were up 9.7% to trading around $210. The stock is up 6.9% this year.
The parent company of FanDuel and other gaming and gambling brands posted revenue of $3.61 billion in the second quarter, up from about $3 billion last year. Given its performance and momentum in the current quarter, Flutter now expects U.S. revenue to come in between $6.05 billion and $6.35 billion in 2024, up from its prior guidance for revenue of $5.8 billion to $6.2 billion.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
August 13, 2024 18:06 ET (22:06 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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