Flutter Entertainment PLC (NYSE:FLUT)
$ 191.55 1.02 (0.54%) Market Cap: 34.02 Bil Enterprise Value: 38.04 Bil PE Ratio: 0 PB Ratio: 3.38 GF Score: 89/100

Q3 2022 Flutter Entertainment PLC Trading Statement Call Transcript

Nov 09, 2022 / 09:00AM GMT
Release Date Price: $133.51 (-3.94%)
Operator

Good morning, everyone, and welcome to the Flutter Entertainment Third Quarter Update Call hosted by CEO, Peter Jackson; and CFO, Jonathan Hill. (Operator Instructions)

Thank you. I will now hand you over to Peter. Please go ahead.

Jeremy Peter Jackson
Flutter Entertainment plc - CEO & Executive Director

Thank you, Ben. Good morning, everyone, and thank you for joining our Q3 trading update call. With me this morning is Jonathan Hill, our CFO. Hopefully, you've had a chance to review our statement this morning. So I'll just touch on some key points. The group delivered a strong third quarter with pro forma revenue and player growth of 11%, driven by continued strong momentum in the U.S. and our consolidate and invest international markets. In the U.S., we delivered another record quarter with revenue of $700 million, up 82% year-on-year.

We had an excellent start to the NFL season with sportsbook revenue up 150% and customer returns remain compelling, with a payback period predicted to be less than 18 months for those customers acquired

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