Shares of Flutter Entertainment fell 4.3% in afternoon trading after a Barclays report showed the company's digital sports betting handle and revenue declined in May. The report indicated that Flutter's handle, the total amount wagered by customers, fell by 7%, while its gross gaming revenue dropped 11%. Despite maintaining a strong hold rate of 13.2%, the decline in overall betting activity and revenue likely concerned investors. The shares closed the day at $101.73, down 6.6% from the previous close.
Flutter Entertainment plcBarclays report shows Flutter's May betting handle fell 7% and gross gaming revenue dropped 11%, indicating declining customer betting activity.