Paddy Power ups earnings outlook
The enlarged business — the subject of a €8bn merger earlier this year — yesterday reported a 25% year-on-year improvement in combined revenues to €404m for the three months to the end of September.
This performance was driven by positive sporting results — the outcome of Euro 2016 brought in around €18m in revenue, alone — and the translation of non-UK revenues due to the weakness of sterling, which benefited the business by around €31m.
