Flutter’s US Unit FanDuel Turns Profit Before NYC Listing
- FanDuel’s owner plans to list shares in New York by early 2024
- FanDuel marks new milestone in gambling industry’s US pivot
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Flutter Entertainment Plc turned a profit at 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, and compared to a £132 million loss the year before.