Global growth for listed gambling giant
The world’s largest gambling business, Flutter Entertainment, which owns Leeds-based Sky Betting and Gaming has seen its total revenues increase by 27% in quarter three 2020, rising to £1.3bn.
In the UK & Ireland, the Group’s Paddy Power and SBG brands managed revenue growth of +32% and +26% respectively.
The business highlighted a “stand-out” Australian performance, with a 76% revenue rise and its BetEasy customer migration successfully completed.
The Group’s average daily customers grew 41% globally, with double digit growth across all its key regions.
Flutter achieved a better-than-forecast new customer acquisition of over 450,000, with over 1.8m active customers in the third quarter.
And it hailed the signing of significant, multi-year, tier one media partnerships, which it says has secured long-term access to key assets.
Peter Jackson
Peter Jackson, chief executive, said: “Flutter’s performance in the third quarter exceeded our expectations in both sports and gaming.
“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 have enhanced the customer experience, secured further strategic media partnerships and acquired more new customers than anticipated.
“We are on track to generate more than $1.1bn of GGR in the US this year, which will mark a major ‘first’ for an online operator.
“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.”
