Flutter Entertainment Plc turned a profit in its US business FanDuel in the first half of the year, ahead of a plan to publicly list shares in New York.
(Bloomberg) — Flutter Entertainment Plc turned a profit in its US business FanDuel in the first half of the year, ahead of a plan to publicly list shares in New York.
US first-half adjusted earnings before interest, tax, depreciation and amortization were £49 million ($63 million), it said Wednesday. That’s against an average estimate of £28.4 million according to analysts surveyed by Bloomberg.
The Dublin-based gambling giant said it expected the secondary listing to happen late in the fourth quarter or early in the first quarter of next year. It could later move its primary listing to New York from London, it said.
The group’s early second-half trading in 2023 was in line with expectations, Flutter said.
Read more: The Former Banker Gambling on FanDuel’s American Dream
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.