Flutter shares fall after disappointing earnings — but it insists FanDuel is No. 1 in sports betting
Publishing timestamp: 2023-11-09 16:04:07
Summary
The article discusses the competition between Flutter and DraftKings for the top spot in the US sports betting market. Flutter claims to be the market leader based on its higher revenue, but its third-quarter results were disappointing. DraftKings, on the other hand, issued improved guidance in its earnings report. The article also mentions the importance of net gaming revenue as a metric for determining market leadership. Additionally, MGM claims to be the number one in iGaming and intends to protect its position.
Sentiment: MIXED
Keywords: united states, sports, breaking news: business, flutter entertainment plc, peter jackson, mgm resorts international, business news, retail industry, draftkings inc, earnings,
Source: https://www.cnbc.com/2023/11/09/fanduel-parent-flutter-stock-falls-after-disappointing-earnings.html