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via cnbc.comBusiness & Companies

New Flutter CEO bets on FanDuel promotions to win customers as profits suffer

FROM THE WIRE · CNBC.COM

Flutter's new CEO Dan Taylor issued his first earnings report as CEO on Wednesday. Third-quarter revenue and adjusted earnings before interest, taxes, depreciation and amortization missed Wall Street's expectations.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishMissing Wall Street expectations on revenue and adjusted EBITDA can weigh on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01New CEO Dan Taylor presented his first earnings report as CEO on Wednesday.
  2. 02Third-quarter revenue came in below Wall Street expectations.
  3. 03Adjusted EBITDA for the quarter also missed analyst estimates.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Flutter Entertainment plcFLUTStock81.79 USDMarket closedtoday -2.33%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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