FanDuel parent Flutter stock falls after disappointing earnings


Flutter CEO Peter Jackson on market share wars

FanDuel parent Flutter came out swinging Thursday, insisting the online gaming platform is the market leader in sports betting in the United States after DraftKings last week boasted it had taken over the top slot.

“We have a billion dollars more in revenue in the U.S., so we’re very clearly number one,” Flutter CEO Peter Jackson said in an interview with CNBC after an earnings conference call.

Even as Jackson projected confidence in the company’s market position, FanDuel’s revenues failed to meet Wall Street expectations in the third quarter. In the U.S., the company’s revenue grew by 20% year over year to $820 million, and average monthly players grew by 38%.

Flutter shares plummeted…

Source cnbc.com

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