2023-08-09 07:59:59 ET
- Flutter Entertainment press release ( OTCPK:PDYPY ): 1H Non-GAAP EPS of 237.50p.
- Revenue of £4.81B (+41.9% Y/Y).
- Group at earnings transformation point with Adjusted EBITDA +72% to £823m (pro forma +37%).
- Net debt of £4.6bn at 30 June 2023 (31 December 2022 £4.6bn) and pro forma leverage ratio of 3.3 times (31 December 2022 3.9 times.
- Outlook: H2 has started in line with expectations. Assuming normalised sports results for H2, we anticipate full year Adjusted EBITDA to be broadly in line with market expectations: – US: Net revenue of between £3.6bn - £3.9bn ($4.5bn - $4.9bn) and Adjusted EBITDA of between £90m - £190m ($120m - $240m) – Group ex-US Adjusted EBITDA of between £1.44bn - £1.6bn, with strong momentum in the UK&I and International, offset by softer than expected market conditions in Australia
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Flutter Entertainment Non-GAAP EPS of 237.50p, revenue of £4.81B