Entertainment
FanDuel-Parent Flutter Results Miss After March Madness Setback
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Flutter Entertainment Plc, parent of the FanDuel online betting business, reported sales and earnings that fell short of Wall Street projections after coming up on the losing side of a number of college basketball bets.
Sales grew 7.9% to $3.67 billion, trailing analysts projections for $3.9 billion. Adjusted earnings of $1.59 per share came in below forecasts for $1.95.