Trump announces 100% chip tariff as Apple ups U.S. investment
Flutter Entertainment plc (LSE:FLUT) reported that Amy Howe, CEO & President of FanDuel, sold 2,315 ordinary shares on May 9, 2025, at an average price of $243.50 per share. The transaction totaled approximately $563,702. Following this sale, Howe’s direct ownership stands at 73,947 shares.
On the same day, Howe also acquired 4,545 ordinary shares through the settlement of previously granted restricted stock units (RSUs). This acquisition did not involve any cash transactions, as each RSU was settled into one ordinary share. After these transactions, Howe’s direct ownership of ordinary shares increased to 76,262.
In other recent news, Flutter Entertainment has announced a share buyback program, aiming to enhance shareholder value. This move follows the company’s first-quarter results, which fell short of market expectations, with revenue and adjusted EBITDA underperforming due to weaker U.S. sports betting outcomes and foreign exchange challenges. Despite these setbacks, Flutter has raised its full-year revenue guidance, although the adjusted EBITDA guidance increase remains modest. Analysts at Benchmark maintained their Buy rating with a $300 price target, while Stifel also kept a Buy rating, setting a $315 target, highlighting potential for positive adjustments driven by user acquisition and structural hold momentum in the U.S. JMP Securities analysts maintained a Market Outperform rating with a $317 target, noting a mixed bag of financial results but acknowledging slight improvements in U.S. revenue and EBITDA. The company’s leadership remains confident in the U.S. market, emphasizing product-led growth and cost efficiency. Flutter’s management has responded to concerns by focusing on customer retention and product mix improvements as key revenue drivers. The company continues to navigate fluctuating market conditions while maintaining transparency with its investors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.