Flutter Entertainment revenue up 37 for year ended 31 December 2021

Flutter Entertainment has reported group revenue of £6

Flutter Entertainment has reported group revenue of £6.04bn ($8.11bn) inwards its prelim results for the year ended 31 December 2021.

The add represents a 37% year-on-year increase. Group EBITDA declined by 6% to £723m. The operator explained that the growing inwards revenue was aided past the compounding with The Stars Group (TSG) inward May 2020, with Earnings Before Interest Taxes Depreciation and Amortization declining due to increased US investment funds and International regulatory impacts.

The accompany reported a deprivation before taxation of £288m, after a £543m heraldic bearing for non-cash amortisation from acquired intangibles. Net debt meanwhile at 31 Dec 2021 was £2.65bn.

Flutter also provided an outlook for the coming months, noting that trading inward the first-class honours degree septet weeks of 2022 has been in product line with expectations, with mathematical group revenue climbing 2% year-on-year. The operator added that it expects revenue growth to speed as the year progresses.

“2021 was another strong twelvemonth for the mathematical group as we made just forward motion against our strategic objectives and grew our recreational client home to o'er 7.6m customers,” said Flutter Entertainment Chief Executive Saint Peter Jackson.

“Yesterday we launched our unexampled sustainability strategy, our ‘Positive Impact Plan’, which will insure Flutter mark a prescribed schedule for time to come change. Through this strategy we testament build on the important come along already made inwards areas such as safer play and quantity our carrying out against outlined goals to march how we are responsible for(p) leaders inwards our industry.

“Overall, I am proud of(p) with the progression we experience made during 2021 and believe Flutter is exceptionally well positioned for futurity growth.”