Flutter says FanDuel promotions weighed on Q4 results and customer growth
Flutter chief executive Peter Jackson said FanDuel’s promotional spending contributed to weaker-than-expected customer numbers entering the year, following its Q4 results. He also said FanDuel was already profitable in prediction-market market making; Flutter chief financial officer Rob Coldrake reported customer engagement during the NCAA Tournament and NBA playoffs.
Flutter’s comments give investors and competitors details on FanDuel’s promotional costs, customer trends and prediction-market activity.