May 2 (Reuters) - Paddy Power Betfair PLC PPB.I :
* PADDY POWER BETFAIR - Q1 2019 TRADING UPDATE
* GOOD UNDERLYING MOMENTUM IN Q1
* Q1 REVENUE GREW 17% YEAR-ON-YEAR, DRIVEN BY EXCELLENT GROWTH IN BOTH AUSTRALIA AND US
* EXCELLENT GAMING GROWTH ACROSS BOTH EUROPEAN AND US ONLINE BUSINESSES
* FULL YEAR PROFIT OUTLOOK REMAINS IN LINE WITH OUR EXPECTATIONS; CONTINUING TO SEE GOOD RETURNS ON US INVESTMENT
* UNDERLYING MOMENTUM REMAINS GOOD FOR PADDY POWER WITH 22% GROWTH IN AVERAGE DAILY ACTIVES
* Q1 NEW JERSEY SPORTS BETTING MARKET SHARE OF 50% Further company coverage: PPB.I