Paddy-Power owner Flutter sees revenue fall in Ireland and UK

Online revenues dropped by 20% in Q1 of 2022 compared with the same period last year

Flutter chief executive Peter Jackson says revenue drop in the Ireland and UK market is not due to inflation. 

Revenue for Paddy Power owner Flutter fell by 8% in its UK and Ireland market, but inflation is not to blame stated the company’s chief executive.

Online revenue for the market also dropped by 20% in Q1 of 2022 compared with the same period last year.