Paddy Power Betfair revenue climbs on US and Online growth

6th March 2019 8:34 am GMT

London-listed gaming operator Paddy Power Betfair, which is proposing a name change to Flutter Entertainment plc, has reported a 7 per cent increase in revenue to £1,873.4m in 2018.

The company benefited from strong growth in its Online and United States business segments, offsetting marginal declines in the Australia and Retail segments.

OnlineOnline revenue accounted for £947.6m of total revenue, a 5.5 per cent increase on 2017, with Sports revenue increasing by 2.7 [...]