Bakkt, a leading cryptocurrency custody and trading platform, reported its financial results for the fourth quarter and full year of 2023. The company announced a robust total revenue of $780.1 million for the year, despite facing a net loss of $226 million. This performance highlights the volatile yet growing interest in cryptocurrency trading and custody services. In a related sector, Flutter Entertainment, known for its ownership of FanDuel, also disclosed its financial performance, showing a pretax loss that widened over the year despite strong growth in the U.S. market. Flutter reported a $1.21bn net loss for FY2023 but remains optimistic about the future, forecasting a 30% earnings jump in 2024 as its U.S. operations, particularly in sports betting, continue to expand.
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The cryptocurrency custody and trading firm #Bakkt has published its quarterly financial results, reporting a total revenue of $780.1 million for the year 2023. #Blockchain #Cryptonews #CryptoCommunity https://t.co/csEeKohu9o
BAKKT CRYPTOCURRENCY PLATFORM SEES $780M REVENUE IN 2023 - Bakkt, a prominent player in crypto custody and trading, has released its quarterly report, showcasing a robust total revenue of $780.1 million for the fiscal year 2023. - In the fourth quarter of 2023 alone, Bakkt… https://t.co/pjRdphtypz https://t.co/8sijW7RTp8
📣 Latest News: Bakkt declares $780M full-year revenue in 2023 earnings report #news #cryptonews #crypto
Gambling group Flutter Entertainment says earnings in the US may more than triple this year as the FanDuel owner continues to expand its American sports betting business https://t.co/gPb2iEpEKI
Flutter forecasts 30% earnings jump in 2024 as US takes off https://t.co/MU3o2P2mP1 https://t.co/yAxSYEJi0B
UPDATE: BAKKT CRYPTOCURRENCY CUSTODY AND TRADING PLATFORM GENERATED $780M IN REVENUE BUT REPORTED $226M IN NET LOSS IN 2023
Flutter Entertainment Pretax Loss Widens Despite Strong Growth in U.S. https://t.co/eNsN1AoasD
Bakkt reports $780 million in revenue with $226 million net loss in 2023 https://t.co/W6gxI7ObwA
Bakkt Reports Fourth Quarter and Full Year 2023 Results: https://t.co/VhHIGx0Wrj