Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

7,578.00p
   
  • Change Today:
    -32.00p
  • 52 Week High: 8,164.00p
  • 52 Week Low: 5,525.00p
  • Currency: UK Pounds
  • Shares Issued: 78.22m
  • Volume: 615,652
  • Market Cap: £5,928m
  • RiskGrade: 148
  • Beta: 0.09

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 7,578.00p
Change Today -32.00p
% Change -0.42 %
52 Week High 8,164.00p
52 Week Low 5,525.00p
Volume 615,652
Shares Issued 78.22m
Market Cap £5,928m
Beta 0.09
RiskGrade 148

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
84.67% above the market average84.67% above the market average84.67% above the market average84.67% above the market average84.67% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Income Not Available
Growth
70.88% above the market average70.88% above the market average70.88% above the market average70.88% above the market average70.88% above the market average
61.64% above the sector average61.64% above the sector average61.64% above the sector average61.64% above the sector average61.64% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 7
Sell 0
Strong Sell 2
Total 12
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 23-Oct-2019

Time Volume / Share Price
16:47 100 @ 7,558.00p
16:35 69,274 @ 7,578.00p
16:29 31 @ 7,570.00p
16:29 69 @ 7,570.00p
16:29 134 @ 7,570.00p

FLTR Key Personnel

CEO Peter Jackson
CFO Jonathan Hill

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