Key takeaways
- Flutter's new CEO Dan Taylor issued his first earnings report as CEO on Wednesday.
- Sportsbook handle, or the total amount wagered, rose 13%, but sportsbook revenue grew just 4% as promotional spending increased.
- Taylor said there's fierce industry competition for customers but even still, FanDuel trading volume has skyrocketed 271% since July.
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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