Stock Spotlight: Flutter blames 'adverse' sports results for downgrade but investors stay bullish

Firm lowered adjusted EBITDA

James Baxter-Derrington
clock • 3 min read

Flutter Entertainment remains an attractive company for investors due to the firm’s “strategic position” and recent US expansion, despite the £22.6bn betting giant downgrading its full-year earnings forecast as a result of ‘adverse’ sports results during October.

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