Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

8,710.00p
   
  • Change Today:
      46.00p
  • 52 Week High: 8,924.00
  • 52 Week Low: 5,525.00
  • Currency: UK Pounds
  • Shares Issued: 78.26m
  • Volume: 93,003
  • Market Cap: £6,817m
  • RiskGrade: 121
  • Beta: 0.85

Paddy Power narrows FY guidance as Q3 profits fall

By Frank Prenesti

Date: Friday 02 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Gambling outfit Paddy Power Betfair raised the lower end of full year guidance as it reported a 16% fall in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to £101m.
The figures include losses at the newly acquired FanDuel operation in the US. Proforma EBITDA was flat on a constant currency basis.

The company said it now expected full year EBITDA, pre-US sports betting, to be between £465m - £480m from previous guidance of £460m - £480m adding that 2018 US sports betting investment would be around £25m.

Reported group revenue was up 10% to £483m, benefitting from the FanDuel acquisition in July 2018 but adversely affected by foreign exchange translation Paddy Power said.

Revenue in July benefitted from a "good conclusion" to the football World Cup which contributed £22m revenue to the quarter, although growth in the quarter was adversely affected by customer friendly sports results in Australia.

Retail revenue fell 4% to £82m, with UK shops down 1% and Irish shops 6% as sports revenues were impacted by weaker margin.

Chief executive Peter Jackson said online revenue was up 15% driven by "enhancements in product and good execution in promotions and marketing".

"In Australia, we continue to see very good scope to enhance Sportsbet's leading customer proposition and target additional market share gains," he said.

"In the US, the exciting potential of the sports betting opportunity and the strength of our strategic positioning has been evidenced by our experience to date in New Jersey."

"FanDuel recorded a 30% share of the sports-betting market in September, driven by a market-leading customer proposition, our strong brand presence and the ability to cross-sell from our fantasy sports player base."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FLTR Market Data

Currency UK Pounds
Share Price 8,710.00p
Change Today 46.00p
% Change 0.53 %
52 Week High 8,924.00
52 Week Low 5,525.00
Volume 93,003
Shares Issued 78.26m
Market Cap £6,817m
Beta 0.85
RiskGrade 121

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
84.95% above the market average84.95% above the market average84.95% above the market average84.95% above the market average84.95% above the market average
78.08% above the sector average78.08% above the sector average78.08% above the sector average78.08% above the sector average78.08% above the sector average
Income Not Available
Growth
71.82% above the market average71.82% above the market average71.82% above the market average71.82% above the market average71.82% above the market average
63.38% above the sector average63.38% above the sector average63.38% above the sector average63.38% above the sector average63.38% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 8
Sell 0
Strong Sell 2
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FLTR Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 09-Oct-19 21-May-19
Amount 67.00p 133.00p

Trades for 06-Dec-2019

Time Volume / Share Price
16:35 516 @ 8,710.00p
16:35 60 @ 8,710.00p
16:35 17,573 @ 8,710.00p
16:29 20 @ 8,702.00p
16:29 10 @ 8,700.00p

FLTR Key Personnel

CEO Peter Jackson
CFO Jonathan Hill

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