Flutter CEO Peter Jackson advised CNBC customer-friendly results within the NCAA’s school basketball match weighed on general first-quarter results for FanDuel’s father or mother firm.
The worldwide sports activities and on-line playing platform reported first-quarter adjusted earnings per share of $1.59, lacking Wall Avenue consensus of $1.89 per share, based on LSEG. Income for the interval additionally missed Wall Avenue expectations, at $3.67 billion versus LSEG estimates of $3.84 billion.
The corporate lowered its full-year U.S. steerage because of the unfavorable sports activities results, however raised its outlook for international efficiency primarily based on forex changes and worldwide acquisitions.
Jackson stated he anticipates prospects will keep their spending on on-line sports activities and on line casino video games amid international financial considerations that appear to be weighing on client sentiment extra broadly.
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