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

Half Year 2022 Flutter Entertainment PLC Earnings Call Transcript

Aug 12, 2022 / 08:30AM GMT
Release Date Price: $131.07 (+13.97%)
Operator

Good morning, and welcome to the Flutter Entertainment half year results update call. Peter Jackson, CEO, who is joined by Jonathan Hill, CFO. (Operator Instructions)

And now I will hand over to Peter.

Jeremy Peter Jackson
Flutter Entertainment plc - CEO & Executive Director

Thank you very much. Good morning, and thank you for joining Jonathan and I for this call. Hope you all had a chance to watch our presentation this morning, which helps set out extra color on our half year performance and how well positioned the group is for growth.

Before we go to questions, I'd just like to highlight a few key points. I've been really pleased with our performance in the first half of the year. We had positive momentum with revenue up 9% and AMP growth of 14%. Our U.S. performance was outstanding, and continues to exceed all expectations delivering a profit in Q2.

This was driven by phenomenal execution with the sports betting market share of 51% in Q2 where we're #1 in 13 out of 15 states. And it was also achieved despite the fact we've

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