FanDuel-Parent Flutter Raises Outlook on US Sports Results

Flutter Entertainment Plc, parent of the FanDuel online betting business, raised its outlook for 2025 after US sports bets in the second quarter went the company’s way and it was able to offset tax charges.

Revenue is expected to grow 23% to $17.3 billion in 2025, the company said in a statement on Thursday. Earnings before interest, taxes, depreciation and amortization will jump 40% to about $3.3 billion. That’s up from previous guidance of $17.1 billion and $3.18 billion, respectively.