Flutter Entertainment reports 27% revenue increase for full year 2022

Flutter Entertainment has reported revenue of £7.69bn ($9.21bn) for the year ended 31 December 2022, a 27% increase from the prior-year period. EBITDA also climbed by 27% year-on-year to £918m. Flutter reported a loss after tax of £305m, following a £608m charge for amortisation of acquired intangibles, while adjusted basic earnings per share reduced from 252.7p to 189.0p, driven by higher interest and tax costs. Net deb...