Paddy Power owner Flutter posts loss of $1.2bn despite revenue surge 

Along with Paddy Power, Flutter Entertainment also owns Pokerstars, Betfair, and FanDuel. 

Paddy Power owner Flutter Entertainment saw revenues surge in 2023 driven by its flagship betting operations in the US but still posted a loss of over $1.2bn (€1.1bn). 

The Irish company posted $11.8bn (€10.8bn) in revenue during 2023, an increase of 24.6% compared to the previous year, with their average monthly players growing to 12.3 million from 10.24 million.