Paddy Power Betfair online revenues up 5% as gaming outgrows sports

London-listed firm reports online revenues of close to £1bn as PPB proposes to change its name to Flutter Entertainment plc

Paddy Power Betfair (PPB) this morning reported 5% growth in FY18 online revenues to £948m ahead of a planned name change of the group to Flutter Entertainment later this year. Gaming revenue for the period was up 13% to £273m, with the “significant turnaround”  primarily driven by Paddy Power where cross-sell rates climbed 3pp following product…

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