Paddy Power Betfair increased its forecast for earnings in 2016 to £390m-£405m, from its original forecast of £365m-£385m.
Sales in the third quarter rose 25% to £404m and underlying operating profit rose by two thirds to £95m.
The company said this result was driven by sport, particularly a “strong conclusion” to the Euro 2016 football tournament.
Breon Corcoran, Paddy Power Betfair chief executive, said: “This was another good quarter for Paddy Power Betfair. We are continuing to focus on building a stronger combined operation by exploiting the unique assets and capabilities of each legacy business, and on using our scale to better serve our customers.
“Work is underway to combine the best of Betfair and Paddy Power’s technology into a multi-brand, multi-channel, multi-jurisdictional platform that will start to unlock the full potential of the Group’s scale and will lead to increased pace of development and faster roll out of new products.”
