Paddy Power Betfair Q1 revenues up 17% as US and Australia lead positive returns

European Online business continues to stutter thanks in part to adverse sporting results

Paddy Power Betfair has reported a 17% year-on-year rise in its revenues for the first quarter of 2018, with revenues topping £478m. Total online revenues fell 1%, excluding the Adjarabet acquisition, to £228m, thanks to a 6% fall in online sports betting revenues, which fell to £152m. PPB said this decline was due to unfavourable…

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