Paddy Power owner beats expectations after bumper US performance

Revenue rose 28%, hitting more than €3.5bn, compared with analysts' expectations of €3.19bn

Earnings before interest, taxes, depreciation and amortisation hit €705m.

The company behind Paddy Power said its US business has driven a boom in revenue as it exceeded expectations for the first half of the year.

Flutter Entertainment said revenue has grown by 159% in the US, helping to fuel a major expansion.