Paddy Power owner ups earnings guidance as betting customers grow

Revenues grew by 76% year-on-year in Australia and by 14% in its mainly Britain and Ireland-based Paddy Power and Betfair online division

New US customers grew at a better than expected rate and average daily group customers were up 41% year-on-year.

Paddy Power owner Flutter Entertainment upgraded its full-year earnings guidance after strong customer growth across all key regions boosted third-quarter revenues by 30%.

The world's largest online betting group expects full-year earnings before interest, tax, depreciation and amortisation (EBITDA) of €1.44m to €1.52m which is an increase on the forecast from August.