Flutter Entertainment reported its third-quarter 2024 earnings on November 12, 2024, showcasing robust revenue growth despite a net loss for the period. The company achieved a 27% year-over-year revenue increase, reaching $3.25 billion in total revenue.
Despite the strong top-line performance, Flutter recorded a net loss of $114 million for the quarter. This indicates continued investment in growth initiatives and market expansion, particularly in the U.S. market, where FanDuel is a dominant player.
The earnings report highlighted Flutter's strategic expansions and underlying business momentum, especially in the U.S. market. While a net loss was reported, the significant revenue growth points to the scaling of operations and future profitability prospects as the company moves closer to profitability in key segments.
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