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Flutter reports 20% drop in earnings amid regulatory changes and US investment

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Flutter reports a 20% drop in earnings amid regulatory changes and US investment. The H1 revenue increase was driven by a rise in recreational customers but overall profitability hit by safer gambling initiatives and increased US investment.

Regulatory changes, additional investment in the US and safe gambling initiatives contributed to a 20 per cent drop in earnings at Flutter over the first half of the year.

The gambling giant this morning reported adjusted earnings before interest, taxation, depreciation and amortisation of £476 million for the first six months of the year, down from £597 million a year previously.

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