Flutter cuts guidance on unfavourable sports results, Dutch exit

Paddy Power, Betfair, and Fanduel owner Flutter Entertainment cut its full-year guidance on Tuesday after a run of Unfavourable sports results in October and a temporary exit from the Netherlands following a change in regulations there.

The world's largest online betting group said it expects full-year adjusted EBITDA of between 1.24 billion pounds and 1.28 billion pounds compared to the 1.27 to 1.37 billion range it forecast in August.

It reported full-year earnings of 1.4 billion pounds ($1.9 billion) in 2020. ($1 = 0.7321 pounds)

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