Earnings release
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Flutter Entertainment plc 29 April 2021 Q1 2021 Trading Update Online revenue growth of 42 % , driven by online player growth of 36 % Flutter Entertainment plc ( the " Group " ) announces a trading update for the 3 months ended 31 March 2021 . Unaudited pro forma¹ £ m Sports revenue Gaming revenue Total revenue Of which online was Average monthly players³ ( ' 000s ) Q1 2021 Q1 2020 YoY % YoY % cc² 896 627 + 43 % + 41 % 589 498 + 18 % + 22 % 1,485 1,126 + 32 % + 33 % 1,471 1,047 + 41 % + 42 % 7,672 5,635 + 36 % • All commentary within this trading update refers to pro forma , constant currency² growth rates . Any differences due to rounding . Average monthly players ( " AMPS " ) ³ increased 36 % globally : Double digit growth across all divisions , US up 132 % • Strong online revenue performance across all regions : • - - UK & Ireland + 35 % ; ongoing market share gains as retail customers continue to migrate online Australia + 59 % ; customer volumes have remained elevated as the country emerges from Covid disruption International + 7 % ; investment in brand and promotional strategy showing early signs of benefit US + 135 % ; # 1 position maintained following record quarter for revenue , AMPs and customer acquisition Pronounced Covid impact from mid - March 2020 likely to result in accelerated sports growth in Q2 2021 , with gaming products facing more challenging comparatives Peter Jackson , Chief Executive , commented : " 2021 is off to a strong start for the Group . We continued to significantly grow our global player base which in turn drove a 42 % increase in our online revenue . At the same time , safer gambling continues to be a key priority across our markets with new measures introduced including our Gamban partnership in the US and development of the planned Affordability Triple Step in the UK . Our UK & Ireland brands continued the strong momentum from 2020 , taking further market share with customer acquisition up 59 % during the Cheltenham Festival . In Australia we have been highly focused on retaining retail customers that migrated to our platform during 2020 and while it is still early days , we have been pleased with the retention rates to date . In our International division , the investment we are making to enhance player generosity and reinvigorate the PokerStars brand has seen an encouraging early response from customers . In the US , we continue to lead the market with revenue of almost $ 400m in the quarter . We believe that the quality and breadth of our offering remains a key differentiator for FanDuel sports and the key driver of our leadership position . Our US business had over 1.6m average monthly players in Q1 , meaning that it is now twice the size of our Australian business and is quickly closing in on our International division . We are continuing to consider our options with respect to a possible US listing of a small shareholding of FanDuel Group . No decision has been made at this time and we will update the market as appropriate . As restrictions begin to ease and retail reopens across a number of markets , we remain confident that our diversified business leaves us well placed to deliver sustainable growth going forward . " 1