Flutter reports £1.33bn in revenues for Q3

By Violeta Prockyte

Flutter Entertainment has reported £1.33bn ($1.77bn) in total revenue for Q3 2020 on a pro forma basis, a 27% increase year-on-year.

Sports revenue for the quarter was £798m, a 32% growth compared to £606m last year. Gaming revenue increased by 21% from £436m to £527m in Q3 2020. 

According to the statement, the revenue growth for Flutter accelerated to 30%. Group reported online revenue grew by 33% with a focus on sports. Revenue growth for Paddy Power was 32%, while revenue for Sky Betting & Gaming (SBG) increased by 26%. 

In the Australian market, BetEasy customer base was successfully migrated to the Sportsbet platform and recorded a 76% increase in revenue: up to £320 in Q3 2020. US market brought in £161m, an 82% increase from 2019 with more than 1.8m real-money active customers using the platforms. 

Flutter Entertainment CEO Peter Jackson said: “Our strong trading continued as we grew market share in key regions while retaining our commitment to safer gambling practices. During the quarter we continued to expand our recreational customer base while bringing our businesses together.

“We are now a truly global business with significant scale. As such we are in a unique position to respond to the many opportunities we see across our growing markets.” 

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