Flutter's latest quarterly revenue reached $3.61 billion, surpassing estimates by $240 million, and adjusted earnings jumped sharply from expectations, showcasing strong performance.
CEO Peter Jackson emphasized that Flutter will not implement player surcharges in high-tax states like Illinois, diverging from rival DraftKings' approach to customer costs.
With the successful revenue growth in the US, Flutter raised its full-year guidance and noted significant increases in active players and sales figures this quarter.
Flutter is exploring strategic mergers as part of its expansion strategy, signaling possible interest in acquiring companies like Betnacional and possibly Penn Entertainment.
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