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.

To continue reading this article...

Join Investment Week today

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Trustpilot