Flutter says FanDuel sportsbook execution fell short as it pursues recovery
Flutter CEO Peter Jackson said FanDuel’s US sportsbook business had not operated as effectively as it should and began the year with fewer customers than anticipated. He cited retention and promotional execution concerns; US sportsbook revenue rose 1% year on year in Q1, while handle fell 9% and monthly active players declined 6%.
FanDuel’s retention and trading trends bear on Flutter’s sportsbook recovery and full-year profitability outlook.