Flutter Entertainment reported a widened loss before income taxes for fiscal year 2023 but saw a growth in revenues. The net loss per share increased from the previous year, with non-cash charges impacting the results. However, adjusted earnings per share improved, and revenue climbed significantly. The company also noted a strong start to fiscal year 2024, projecting further growth in both revenue and EBITDA. With US revenue expected to increase significantly, Flutter Entertainment remains optimistic about the future despite the challenges faced in the past year.
Flutter Entertainment Reports Fiscal 2023 Loss Widening to $1.09B with Strong Growth Forecast for 2024, Ireland
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