Flutter Entertainment Reports Fourth Quarter and Full Year 2025 Financial Results

About this update from Flutter Entertainment Plc

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CEE","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Successful execution of International transformation and integration progress, unlocking strategic benefit and cost savings","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong adjusted EBITDA growth +21% with net loss of $407m primarily due to non-cash impairment charge of $556m triggered by Indian regulation changes 5 ","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash conversion and leverage ratio (3.7x) reflect strategic acquisitions in US, Italy and Brazil","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Returned $1bn of capital to shareholders","length":40,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":748,"olType":false},{"type":"text","content":" Q4 2025 overview: ","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Solid Q4 Group performance with revenue +25% primarily driven by M&A and more favorable US sports results year-over-year. AMPs +3% including impact of the market closure in India 6 ","length":183,"tagName":"p"}]},{"val":[{"type":"text","content":"US revenue +33%, with sportsbook +35% and iGaming +33%","length":54,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Sportsbook revenue growth reflected a net revenue margin of 8.9% (+220bps year-over-year) driven by continued structural gross revenue margin expansion of 90bps, and a positive sports results impact year-over-year of 310bps","length":223,"tagName":"p"}]},{"val":[{"type":"text","content":"Structural revenue margin advantage delivered margin of 15.5% in Q4, and 14.2% in 2025","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"Handle growth of +3% was behind expectations and reflected a moderation in market growth which has continued into 2026, primarily due to the unfavorable recycling impact from sustained, bookmaker-friendly sports results","length":219,"tagName":"p"}]},{"val":[{"type":"text","content":"Excellent Missouri launch; #1 GGR and handle share, with customer acquisition ahead of expectations","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"FanDuel Predicts now live, includes sports markets in 18 states including California, Texas and Florida, and non-sports markets in all 50 states","length":144,"tagName":"p"}]},{"val":[{"type":"text","content":"iGaming continued to deliver exceptional, product driven growth","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA +90% to $310m for the quarter","length":45,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":879,"olType":false}]},{"val":[{"type":"text","content":"International revenue +19%, with sportsbook +6% and iGaming +31%","length":64,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue performance includes the benefit of M&A, offset by India market exit and customer-friendly sports results in the quarter","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Organic sportsbook revenue -11% primarily due to an adverse swing in sports results","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Organic iGaming revenue +9% driven by strong SEA and CEE performances, despite India headwinds","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA +6% to $588m for the quarter","length":44,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":353,"olType":false}]},{"val":[{"type":"text","content":"Group net income declined 94% to $10m reflecting adjusted EBITDA growth of 27% from US expansion and M&A, and a non-cash Fox Option 7 benefit, offset by higher income tax expense, interest expense, net, and non-cash amortization of acquired intangibles","length":255,"tagName":"p"}]},{"val":[{"type":"text","content":"Earnings per share declined by $0.50, with adjusted earnings per share reducing $1.20 reflecting the above","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"The Group’s net cash provided by operating activities declined by $224m to $428m primarily due to higher outflows from interest and income tax payments, and a lower inflow from player deposits. Free cash flow declined $335m to $138m primarily reflecting the M&A impact on capex during the period ","length":299,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":2193,"olType":false},{"type":"readMore"},{"type":"text","content":" Full year 2026 guidance highlights 8,9 ","length":37,"tagName":"p"},{"type":"text","content":"US current trading largely reflects the impact on our customer base of the very high gross revenue margins achieved in the second half of Q4, driving lower levels of customer engagement into 2026. This was compounded by less compelling player narratives in the closing stages of the NFL season. Outside of NFL, handle year-over-year trends improved month-on-month in February.","length":376,"tagName":"p"},{"type":"text","content":"In International, the year is off to a solid start; sports results have been marginally customer-friendly but otherwise trends are tracking in line with expectations.","length":166,"tagName":"p"},{"type":"text","content":"Full year guidance, including trading through February 22 is introduced as follows:","length":83,"tagName":"p"},{"type":"text","content":" Group: revenue $18.4bn, adjusted EBITDA $2.97bn guidance midpoints representing year-over-year growth of 12% and 4%, respectively.","length":130,"tagName":"p"},{"type":"text","content":" US: revenue $7.8bn, adjusted EBITDA $1.05bn guidance midpoints representing year-over-year growth of 12% and 14%, respectively and including (i) a measured view on market trends, (ii) a sequential improvement in FanDuel’s performance during the year, (iii) new state adjusted EBITDA loss of $70m, and (iv) an increase in prediction markets investment 10 with adjusted EBITDA loss expected to be toward the top of previously guided range of $200m - $300m.","length":453,"tagName":"p"},{"type":"text","content":" International : revenue $10.6bn, adjusted EBITDA $2.23bn guidance midpoints representing year-over-year growth of 13% and 1%, respectively and including (i) increased investment in Brazil to grow our market position, and (ii) the impacts of previously guided UK tax increases 11 and the exit from India.","length":301,"tagName":"p"},{"type":"text","content":" Peter Jackson, CEO, commented: ","length":30,"tagName":"p"},{"type":"text","content":" “Flutter delivered strong 2025 results. Our unparalleled global scale and ongoing product innovation helped us reach almost 40 million customers across our portfolio of market-leading, local hero brands during the year. We made clear progress against our strategic priorities; maintaining our US leadership position in both sportsbook and iGaming; entering an exciting and incremental new category in the US with the launch of FanDuel Predicts; completing our strategic acquisitions of Snai and NSX; and delivering several important milestones across our International segment’s transformation programs. ","length":603,"tagName":"p"},{"type":"text","content":" Powered by the Flutter Edge, we continue to build on the structural competitive advantages that differentiate Flutter, combining global capabilities with deep local expertise. Our geographic and product diversification and scale allows us to capitalize on opportunities while providing resilience, allowing us to grow consistently through market cycles. ","length":353,"tagName":"p"},{"type":"text","content":" Looking ahead, we have a clear plan in place to navigate recent US trends and we continue to see a significant runway for growth in a dynamic market as we increasingly convert our scale, technology and customer proposition into sustained profitability. With a pivotal calendar of global sporting and iGaming moments ahead, including the World Cup, we are focused on capturing the full breadth of these opportunities in 2026 and beyond." ","length":441,"tagName":"p"},{"type":"text","content":"To our shareholders","length":19,"tagName":"p"},{"type":"text","content":"Flutter is the world’s leading online sports betting and iGaming company, with unique advantages afforded through our scale, the Flutter Edge and a long, proven track record of delivery. 2025 was another transformative year for the company with revenue growth of 17% and AMP growth of 14%, marked by strategic execution, continued leadership in key markets, and disciplined investment across both segments.","length":406,"tagName":"p"},{"type":"text","content":"In the US we maintained our clear leadership position in both sports betting and iGaming, while expanding our addressable market through the launch of FanDuel Predicts at the end of Q4. We believe this new product enables us to harness a significant and incremental expansion of the US addressable market ahead of further state regulation - a space where our scale and experience give us a natural advantage.","length":408,"tagName":"p"},{"type":"text","content":"In our International business we strengthened our portfolio through strategic acquisitions in Italy and Brazil, two large, exciting and fast-growing markets with compelling long-term potential. We delivered meaningful progress across our transformation and efficiency programs in our SEA and UKI regions, improving operational agility and positioning the business for sustained growth. We have navigated the regulatory changes in India well, and remain optimally positioned to successfully manage tax changes in the UK, leveraging the benefits of our scale, diversification, and the durability of our business model.","length":616,"tagName":"p"},{"type":"text","content":"Flutter delivered a strong Q4 performance with Group revenue up 25% and adjusted EBITDA increasing 27% year-over-year. AMPs increased by 3% and included the impact of the market exit in India. The quarter’s results benefited from the inclusion of the Snai and BetNacional acquisitions, continued expansion of our US sportsbook structural revenue margins, and a year-over-year tailwind from sports results. The Group net income for Q4 was $10m compared to $156m in the prior year, with the movement driven primarily by higher income tax expense, increased interest expenses, and non-cash amortization of acquired intangibles.","length":624,"tagName":"p"},{"type":"text","content":" US update ","length":9,"tagName":"p"},{"type":"text","content":"In the US, 2025 saw us deliver robust revenue growth of 20% and strong adjusted EBITDA growth of 82% year-over-year to $922m. Growth in Q4 was particularly strong, with revenue and adjusted EBITDA growth of 33% and 90%, respectively. We exited the year maintaining our clear leadership position in both sports betting and iGaming, and we are very proud of the highly profitable, structurally advantaged business we have built since the repeal of PASPA in 2018.","length":460,"tagName":"p"},{"type":"text","content":" Q4 performance and market trends: ","length":33,"tagName":"p"},{"type":"text","content":"FanDuel Casino concluded a successful year with Q4 revenue growth of 33% year-over-year and 28% of the iGaming GGR market in the fourth quarter. Clear execution of our strategy delivered a market-leading product to our customers. We continued our roll out of exclusive content with our fourth exclusive Huff N Puff title, beating all previous records for engagement in the first 30 days post launch. We expanded our site-wide jackpot proposition with the “Double Your Bet” feature and introduced FanDuel Casino rewards earlier in the year - both have resonated well with customers and driven strong engagement. All of these initiatives helped contribute to strong AMP growth of 18% in the quarter and a step up in player frequency which underpinned the strength of our business in Q4, and throughout 2025. We begin 2026 in a position of strength to capitalize on the continued strong growth we expect to see in the iGaming market.","length":930,"tagName":"p"},{"type":"text","content":"While FanDuel sportsbook Q4 revenue growth of 35% was also strong, Q4 sportsbook trends across the market diverged from expectations, with high gross revenue growth offset by moderating customer and handle growth. A key driver was an unfavorable “recycling” impact, where persistently high gross revenue margins, particularly for NFL, adversely impacted customer activity and handle volumes in the market. In addition, the second half the 2025/2026 NFL season saw less compelling content with fewer favorites making the playoffs and fewer player narratives capturing the imagination of bettors.","length":594,"tagName":"p"},{"type":"text","content":"The moderation in customer activity and handle trends was more pronounced for FanDuel than others in the market. We believe this was driven by two factors: (i) The unfavorable recycling impact was greater for us given our structural margin revenue advantage. FanDuel recorded above-average NFL gross revenue margins in ten of the eleven weeks to the end of the quarter, including several, consecutively high weeks, with our gross revenue margin 470bps higher than the rest of the market in December. Overall, we finished the NFL season 100bps ahead of our expected margin, and (ii) Our standard generosity playbook proved less effective in Q4. Our investment phasing did not sufficiently align with the pattern of sports results during this period, with lower spend levels coinciding with periods of bookmaker friendly results. This resulted in less effective spend against a backdrop of improved competitor product offerings and continued elevated levels of market generosity. As a result we saw higher churn within our customer base and a resultant loss of market share.","length":1072,"tagName":"p"},{"type":"text","content":"We undertook a comprehensive review of potential cannibalization from prediction markets and we have not identified any evidence of any meaningful impact. The review combined industry channel checks, third party data analysis of deposits, actives, and app download trends, and detailed analysis of FanDuel customer trends. Based on this robust analysis, we estimate the potential handle growth impact to be in the low single digits percentage points and we are confident that the prediction markets have not been a significant driver of the moderating customer and handle trends we have observed. This finding is reinforced by our Missouri launch, where customer acquisition trends were well ahead of expectations, reaching 5% of the population within the first 30 days, making Missouri one of our best state launches to date. We do, however, believe prediction market operators may be attracting some new, incremental entertainment-first recreational customer cohorts.","length":969,"tagName":"p"},{"type":"text","content":"Moderated market handle trends have continued into 2026. We believe these trends reflect the factors evidenced in Q4, including recycling. At this point, however, it is difficult to be definitive as to when market handle growth rates will recover from the impact of Q4 recycling, and we continue to monitor trends closely.","length":322,"tagName":"p"},{"type":"text","content":" FanDuel sports-betting strategy: ","length":32,"tagName":"p"},{"type":"text","content":"The drivers of our market-leading, highly profitable position in the US are product superiority, enabled by our exceptional pricing capabilities, combined with a highly disciplined approach to customer acquisition. This has allowed FanDuel to deliver an estimated 70% share of market EBITDA 12 . However, recent trends have led us to take additional actions to strengthen our capabilities and reinforce our leadership position.","length":425,"tagName":"p"},{"type":"text","content":"We have a clear product roadmap in place focused on strengthening our leadership by accelerating meaningful differentiation, elevating the core experience, and transforming how we reward customers. We are leveraging our scale, proprietary technology, and data advantages to deliver differentiated experiences competitors cannot easily replicate, including more intuitive bet building, smarter personalization, and richer live engagement. We are also continuing to invest in making every interaction — from login and payments to live betting and cash out — faster, simpler, and more reliable, because excellence in the fundamentals compounds into retention and lifetime value. In addition, we are enhancing how customers feel recognized and rewarded, with more engaging reward experiences including the launch of a new loyalty program. The experience gained from our new rewards program on FanDuel Casino, alongside insights from markets such as Australia where the team have long been pioneering new generosity initiatives will guide our approach and ensure FanDuel invests at levels that remain effective, disciplined and competitive.","length":1135,"tagName":"p"},{"type":"text","content":"We are confident that the ongoing improvements to our sportsbook product and our generosity strategy will harness our scale and structural advantages, driving a sequential improvement throughout 2026, and deliver market share gains.","length":232,"tagName":"p"},{"type":"text","content":" Prediction market opportunity: ","length":30,"tagName":"p"},{"type":"text","content":"Prediction markets are a significant incremental growth opportunity for FanDuel. We believe the emergence of prediction markets will accelerate the path to state regulation of online sports betting and iGaming. This, in our view, is the most valuable long-term opportunity in the US. In the meantime, the additional near to medium-term growth potential for FanDuel is significant. We believe prediction markets will be TAM expansive; broadening reach by bringing sports markets to the approximately 40% of the US population who cannot currently access online regulated sportsbooks, and through the acquisition of new sports and “entertainment first” customers into the FanDuel ecosystem.","length":687,"tagName":"p"},{"type":"text","content":"We are exceptionally well positioned to harness this opportunity given the nationwide strength of the FanDuel brand and our sports betting expertise, our deep understanding of this space gained through operating the Betfair Exchange, and our powerful strategic partnership with CME Group.","length":288,"tagName":"p"},{"type":"text","content":"We launched FanDuel Predicts as planned in late Q4, providing customers nationwide access to financial, economic and commodity contracts, alongside sports contracts in 18 states including California, Florida and Texas. Early engagement has been encouraging, with the vast majority of the activity focused on sports, and average volume per customer in line with expectations. The trajectory of product development is expected to increase significantly in the coming months ahead of the FIFA World Cup and particularly in advance of the commencement of the 2026/27 NFL season.","length":574,"tagName":"p"},{"type":"text","content":"We are also actively pursuing options to leverage our world-class, proprietary pricing capabilities for market-making services. Flutter is uniquely positioned to price complex, correlated markets in real-time through our outcome-based pricing capability, and we will share further details of our plans here in due course.","length":321,"tagName":"p"},{"type":"text","content":"Guidance for 2026 reflects adjusted EBITDA investment toward the high end of our previously stated range of between $200m and $300m. Consistent with our product roadmap, we expect customer engagement and activity to be heavily skewed to the second half of 2026 and our investment will therefore reflect a similar profile. Our priority is to build value for the future, while also maintaining the flexibility to accelerate investment. We believe this will position FanDuel to deliver future growth and harness the long-term opportunities for our business.","length":554,"tagName":"p"},{"type":"text","content":" International update ","length":20,"tagName":"p"},{"type":"text","content":"International revenue grew 14% in 2025 and adjusted EBITDA increased 7% to $2.2bn reflecting another year of strong, broad-based progress. 2025 was a transformative year for the business, strengthening our competitive positions in key regulated markets, and demonstrating the resilience of our scaled diversified portfolio. Despite the regulatory changes in India where the sudden legislative change forced a cessation of real-money gaming, and the announcement of higher gaming taxes in the UK from April 2026, our swift and disciplined responses underscored the agility of the business and ensured we entered 2026 in strong position.","length":635,"tagName":"p"},{"type":"text","content":"We are making excellent progress on our strategic transformations and integrations, building a strong platform for future revenue growth, and ensuring we remain firmly on track to achieve the $300 million cost savings by 2027, as outlined at our Investor Day in 2024. During the year, we successfully migrated our Sky Bet business onto the Flutter proprietary sportsbook platform, moved our MaxBet business in Montenegro onto our shared CEE infrastructure, and in Italy, we integrated tombola bingo onto the SEA platform and delivered the first of our planned PokerStars migrations.","length":582,"tagName":"p"},{"type":"text","content":"The integration program will continue at pace into 2026, with the remaining PokerStars migrations expected to drive further growth and deliver planned cost savings. The integration of the Snai business is also progressing well. We plan to migrate Snai’s online customers to the SEA platform in the first half of 2026, giving us confidence in achieving our targeted cost and revenue synergies targets. Beyond these specific programs, we continue to embed rigorous cost discipline across the International business, identifying new efficiencies and optimization opportunities that will protect margins and fund strategic growth investments.","length":638,"tagName":"p"},{"type":"text","content":" Q4 highlights ","length":13,"tagName":"p"},{"type":"text","content":"International demonstrated a resilient Q4 performance with revenue up 19% and adjusted EBITDA up 6%. Strong regional growth in SEA and CEE offset headwinds from adverse sports results and the India market exit.","length":210,"tagName":"p"},{"type":"text","content":"Flutter SEA achieved overall Q4 online market leadership in Italy, with Sisal extending its lead to six percentage points 13 , through a strong product offering and the effective use of Flutter Edge capabilities. Our market-leading SGP offering, ‘myCombo,’ was used by one-third of Sisal’s monthly active sports customers in Q4. Sisal also consolidated its leadership position in Italy’s fast-growing iGaming market, supported by the integration of Flutter’s in-house casino content and the migrations of PokerStars and tombola, as discussed above.","length":546,"tagName":"p"},{"type":"text","content":"The migration of the PokerStars Italy platform delivered very encouraging results, with revenue growth of 13% and new customer volumes more than doubling in Q4 year-over-year, as customers benefit from the combination of the Sisal and PokerStars’ liquidity pools, with more benefit to come from the addition of Snai in time. The success of this migration bodes very well for the remaining planned PokerStars migrations.","length":419,"tagName":"p"},{"type":"text","content":"The integration of the Snai business is also progressing well. Customer acquisition initiatives, including Sisal’s retail sign-up model and restructured generosity to boost cross-sell and reactivations, drove all-time record iGaming AMPs and ensured Snai finished the year in revenue growth. The planned platform migration will enable rapid product expansion for the Snai brand, leveraging the full suite of Flutter Edge products and capabilities. SEA Türkiye continues to demonstrate strong momentum, with 63% revenue growth in Q4 and a strong roadmap of new products and distribution channels planned for 2026.","length":612,"tagName":"p"},{"type":"text","content":"In UKI, the Sky Bet migration to the Flutter proprietary platform delivered the expected cost savings and positions the brand for stronger long‑term growth. Following the planned pre‑migration development freeze and post‑migration bedding‑in period, we are now accelerating customer‑facing investment to restore momentum. Early initiatives, including the new SuperSpins free‑to‑play mechanic, our popular SuperSub feature, and the innovative Squad Bet proposition powered by next‑generation pricing, are already driving improved engagement. Paddy Power achieved record Q4 iGaming revenue through strong content rollout, while the World Darts Championship drove high levels of engagement and also saw us donate a record $1.7m for Prostate Cancer UK. The first phase of UK gambling tax increases will see iGaming rates almost double to 40 percent from April 2026, and we are already executing robust first-order mitigation plans, while leveraging our scale advantages will capture regulated market share over time.","length":1012,"tagName":"p"},{"type":"text","content":"Brazil represents a significant growth opportunity for Flutter, combining a large regulated market with strong medium-term growth prospects and our clear competitive advantages. BetNacional's local market expertise, enhanced by Flutter's broader capabilities, is already delivering results with customer volumes up 51% since the start of the year, driven by improved Casino offerings and digital marketing integration.","length":426,"tagName":"p"},{"type":"text","content":"Our strategic plan in Brazil brings together proven Flutter Edge capabilities, including in‑house pricing, our proprietary Bet Builder product, and enhanced generosity tools. This will be combined with an increase in our investment plan designed to maximize the customer‑acquisition opportunity presented by the 2026 FIFA World Cup in a soccer-obsessed market, and grow our market position. This approach is informed by other successful strategies across our global portfolio to accelerate share gains in a scaling, regulated market. While increasing our investment will extend our investment timeline and shift the phasing of profitability, we have strong conviction that disciplined near‑term investment will build a larger, more profitable and sustainable business over the long term.","length":787,"tagName":"p"},{"type":"text","content":"In APAC, encouraging underlying momentum helped offset adverse sports results, returning Australia to Q4 revenue growth. The Spring Carnival, Australia’s premier horse racing festival, delivered 6% active customer growth, with momentum continuing into 2026. Thoroughbred horse racing, which is the largest part of our Australian business has now stabilized and sports performance remains strong.","length":395,"tagName":"p"},{"type":"text","content":"Our Australian business is a key innovation hub for the Group, and has pioneered our model-driven approach to generosity, currently being scaled across the International portfolio. In India, our teams have transformed the disappointing market exit into opportunity, swiftly pivoting to develop cross-Flutter products and explore new markets with remarkable agility, the benefits of which will be felt across the broader Group via Flutter Edge.","length":443,"tagName":"p"},{"type":"text","content":"CEE delivered robust double-digit growth supported by consistent market share gains and our advantaged products. In Georgia, we achieved record market share exceeding 33%, extending our market leadership. Completing our CEE platform strategy in the second half of 2026, with Serbia’s migration, will unlock further value in the region.","length":335,"tagName":"p"},{"type":"text","content":" Final thoughts and outlook ","length":26,"tagName":"p"},{"type":"text","content":"We enter 2026 confidently, as the largest sports betting and iGaming operator globally with unparalleled scale and diversification.","length":131,"tagName":"p"},{"type":"text","content":"Looking forward, the 2026 FIFA World Cup presents a great opportunity for Flutter. The expanded tournament serves as a critical global focal point for customer acquisition and deploying innovative products, this time across more fixtures than ever before. Our global footprint, including the US where the tournament is primarily being held, means we are the best-placed operator to capitalize on this global opportunity.","length":420,"tagName":"p"},{"type":"text","content":"In the US, we hold the number one positions in both sportsbook and iGaming, with a 41% sportsbook GGR market share in Q4 and a 28% iGaming GGR market share. Recent market dynamics have created a challenging environment, but we believe these are largely transitory and we have clear plans in place to accelerate growth. We are exceptionally well placed to harness the incremental prediction markets opportunity, and remain highly confident in the long-term trajectory of the US sports and iGaming market, which we believe still has a long runway of future existing state growth and map expansion ahead.","length":601,"tagName":"p"},{"type":"text","content":"In International, our strengthened market positioning and momentum sets us up very well. We have compelling plans in place to unlock value through strategic transformations, deploy robust UK tax mitigation, and invest decisively in growth markets across CEE, Brazil and Türkiye. We enter the year with high confidence and conviction behind our plans.","length":350,"tagName":"p"},{"type":"text","content":"Sincerely,","length":10,"tagName":"p"},{"type":"text","content":"Peter Jackson Flutter CEO","length":25,"tagName":"p"},{"type":"text","content":" ","length":0,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-top:solid black 1pt;border-left:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" In $ millions unless stated, unaudited ","length":38,"tagName":"p","attribs":{}}]},{"colspan":"6","style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:center;vertical-align:middle;vertical-align:middle;","val":[{"type":"text","content":" US ","length":2,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 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