Seeking to close its first full year as a FTSE-100 enterprise, PPB governance highlighted the firm's strengthened revenue performance, which has seen an 18% group uplift to £1.55 billion.
Despite unanticipated world and footballing events putting a dent in profits, underlying annual earnings were still expected to hit the middle range of initial projections of £390 - £405 million.
In addition, the sports revenue of Paddy Power Betfair generated a 12% increase from £268 million in the fourth fiscal quarter of 2015 to £299 million over the last three months of 2016.
On Monday numis reiterated its broker consensus on shares of Paddy Power Betfair (LON:PPB) giving the company a "Add" rating. Sports betting revenue accounted for the greater portion of the whole.
DONALD TRUMP'S shock United States presidential election win cost Paddy Power Betfair £5 million, as the firm revealed their post close trading update results on Monday. Unfriendly football results in December also had a negative impact on the group's overall performance.
The gambling operator pointed out that sportsbook staking continued growing during the fourth quarter of the year, but as mentioned above results were more customer-friendly during the period.
"We estimate that the impact on group revenue from the customer friendly results, before any benefit from the re-cycling of winnings, was approximately £40 million in the quarter".
The bookmaker said that revenue rose by 18% in 2016 to GBP1.55 billion from GBP1.32 billion in 2015, or by 11% at constant exchange rates. According to the analyst this now indicates there is a potential increase of 3.35% from Paddy Power Betfair's current price of 8515.