Flutter Raises Profit Guidance Following Strong Quarter

Flutter Raises Profit Guidance Following Strong Quarter

Flutter, the world's largest online sports betting operator, has announced a significant boost to its financial outlook.
The company reported a 16% rise in revenues to $4.2 billion in the second quarter of the year, with earnings jumping by 25% to $919 million.
This strong performance has been primarily attributed to the booming US market, where the company operates under the FanDuel brand.
As a result, Flutter has raised its full-year profit guidance, signaling a period of robust growth and profitability.
The news is a positive sign for the UK-listed company, which is capitalizing on the expansion of legal sports betting in the United States.

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