Flutter CEO Peter Jackson informed CNBC customer-friendly leads to the NCAA’s school basketball match weighed on general first-quarter outcomes 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, in accordance with 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. steering because of the unfavorable sports activities outcomes, however raised its outlook for international efficiency primarily based on foreign money changes and worldwide acquisitions.
Jackson stated he anticipates clients will keep their spending on on-line sports activities and on line casino video games amid international financial issues that appear to be weighing on shopper sentiment extra broadly.
