Paddy Power owner Flutter profit at lower end of guidance, but US business outperforms

The world's largest online betting company said it remains on track to be profitable in the US for the first time this year. Picture Denis Minihane.

Paddy Power owner Flutter reported full-year core profit at the lower end of its guidance range but its fast growing US business outperformed expectations as it became the betting company's largest division by revenue.

Full-year core profit excluding the US grew 4% to £1.3bn (€1.4bn) versus the forecast range of £1.3bn to £1.4bn.