Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

11,485.00p
   
  • Change Today:
    225.00p
  • 52 Week High: 11,495.00
  • 52 Week Low: 5,512.00
  • Currency: UK Pounds
  • Shares Issued: 154.34m
  • Volume: 108,476
  • Market Cap: £17,726m
  • RiskGrade: 289

Paddy Power Q1 revenues up despite 'unfavourable' sports results

By Frank Prenesti

Date: Thursday 02 May 2019

LONDON (ShareCast) - (Sharecast News) - First quarter revenues at bookmaker Paddy Power Betfair rose 17% despite a string of "unfavourable" racing and football results in the UK and Ireland.
Total revenue rose to £478mln from £408m year on year, boosted by growth in Australia and the US.

Online revenue fell 1% due to "customer friendly" sports results.

"Revenues were also adversely affected by the temporary suspension of UK horseracing fixtures in February (due to equine flu) which negated the benefit of soft comparatives from weather-related horseracing cancellations in the prior year," the company said in a trading update.

Australian revenue climbed 20% year-on-year to £96m on the back of a 17% increase in stakes. Margins were 0.5 percentage points below expectations at 9.2%.

In the US, revenue was up by 47%, with 12% growth in the non-sportsbook businesses supplemented by £18.4mln (US$24mln) of sports betting net revenue.

UK retail revenue fell 2% to £77m, with 2% machine gaming growth offset by a 5% decrease in sports revenues.

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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 11,485.00p
Change Today 225.00p
% Change 2.00 %
52 Week High 11,495.00
52 Week Low 5,512.00
Volume 108,476
Shares Issued 154.34m
Market Cap £17,726m
RiskGrade 289

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.91% below the market average88.91% below the market average88.91% below the market average88.91% below the market average88.91% below the market average
91.43% below the sector average91.43% below the sector average91.43% below the sector average91.43% below the sector average91.43% below the sector average
Price Trend
83.24% above the market average83.24% above the market average83.24% above the market average83.24% above the market average83.24% above the market average
94.52% above the sector average94.52% above the sector average94.52% above the sector average94.52% above the sector average94.52% above the sector average
Income
64.02% below the market average64.02% below the market average64.02% below the market average64.02% below the market average64.02% below the market average
95.45% below the sector average95.45% below the sector average95.45% below the sector average95.45% below the sector average95.45% below the sector average
Growth
71.28% above the market average71.28% above the market average71.28% above the market average71.28% above the market average71.28% above the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 8
Sell 1
Strong Sell 1
Total 16
buy
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 05-Jun-2020

Time Volume / Share Price
12:37 18 @ 11,485.00p
12:37 50 @ 11,485.00p
12:37 18 @ 11,485.00p
12:37 24 @ 11,485.00p
12:37 28 @ 11,485.00p

FLTR Key Personnel

Chair Gary McGann
CEO Peter Jackson
CFO Jonathan Hill

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