Flutter Entertainment PLC (NYSE:FLUT)
$ 282.64 4.64 (1.67%) Market Cap: 50.32 Bil Enterprise Value: 53.46 Bil PE Ratio: 0 PB Ratio: 5.08 GF Score: 88/100
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Q1 2022 Flutter Entertainment PLC Trading Statement Call Transcript

May 04, 2022 / 08:00AM GMT
Release Date Price: $114.13 (+12.72%)
Operator

Good morning, and welcome, everyone, to the Flutter Entertainment Q1 Investor Update Call hosted by CEO, Peter Jackson; and CFO, Jonathan Hill. (Operator Instructions)

For now, I'll hand you over to Peter. Peter, please go ahead.

Jeremy Peter Jackson
Flutter Entertainment plc - CEO & Executive Director

Thank you, Matt. Good morning, everyone, and thank you for joining our Q1 trading update call. With me this morning is Jonathan Hill, our CFO.

Hopefully, you'll have had a chance to review our statement at this point. So I'll just touch on a few key performance points. The group had a positive first quarter of 2022 with revenue growth of 6%, driven by AMPs, which are up 15%, or 10% if you account for Tombola on a pro forma basis.

In the U.S., we delivered a record quarter with revenue of $574 million, up 45% year-on-year despite some significant customer-friendly results in February and during March Madness, which cost us around $130 million in revenue. We acquired over 1.3 million customers in the quarter, which represents over

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