FDJ United slumps to 6-year low on third consecutive guidance cut
Today 08:35
BUZZ-FDJ United slumps to 6-year low on third consecutive guidance cut ** Shares in FDJ United FDJU.PA tanked about 6% to lowest since late March 2020 with traders blaming yet another outlook downgrade after the firm reported falling revenues
** The French betting group on Wednesday cut its outlook for gross gaming revenue, revenue, and EBITDA margin - marking the third guidance downgrade so far in the year
** The company's revenue for the first nine months of 2026 fell nearly 6% to €2.58 billion ($2.90 billion), hampered by fewer jackpots and tax hikes
** Up to the previous session's close, the stock was down 11% YTD
($1 = 0.8893 euros)
(Reporting by Mateusz Rabiega)