Revenue at Paddy Power-owner up 16% but losses continue

Along with Paddy Power, Flutter Entertainment also owns Poker Stars and Betfair

Revenue at Paddy Power-owner Flutter Entertainment increased by 16% during the first three months of the year but the company’s net losses also continued to mount.

According to its latest results, the company saw revenue increase to $3.4bn (€3.15bn) between January and March compared to the $2.9bn during the same period last year. The betting company’s average number of monthly players also increased from 12,349 to 13,722.