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Flutter Q3 revenue of $3.87 billion misses market expectations

CNBC +1 · ·by G4L

FLUT
FLUT Flutter Entertainment Plc
$82.51 +0.63%
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  1. 1Flutter recorded Q3 revenue of $3.87 billion, falling below market expectations.
  2. 2FanDuel's average monthly player growth rate in the US sportsbook segment was 9% in Q3.
  3. 3Flutter reported a net loss of $1.15 billion due to bans on sports betting and online gaming in Brazil.

So what's the key point?

Flutter's third-quarter revenue was lower than what experts had predicted. Revenue fell short of expectations as the company faced significant losses due to regulations in Brazil.

Source CNBC +1 · View original ↗

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