![]() ![]() We are the first online operator to achieve structural profitability, and the strong ramp in EBITDA during 2023 will continue into 2024 and beyond, as our profit margins expand materially." Peter Jackson, CEO of Flutter, said: "We are particularly pleased by the great progress we are making in the U.S. as Flutter's most profitable market, surpassing traditionally strong regions for the gambling giant like the United Kingdom and Ireland. In the United States, third-quarter revenue was $809 million, marking an 11.7% increase compared to the same quarter last year and representing 32.8% of total revenues. However, customer-friendly sports results are expected to push full-year earnings to the bottom of the forecast range, which sent the company's shares down. The jump is primarily attributed to the performance of U.S.-facing brand FanDuel, which Flutter acquired in May 2018. Flutter Entertainment has announced its results for the third quarter of 2023, showing a revenue increase of 7.6%, reaching $2.47 billion.
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