Flutter Entertainment announces RNS disclosure on total voting rights

Flutter Entertainment plc (NYSE:FLUT) released an announcement Wednesday via the Regulatory News Service in London regarding its total voting rights. The disclosure was made to comply with requirements of the United Kingdom Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

The company stated that the announcement is furnished as Exhibit 99.1 to its Form 8-K, filed with the U.S. Securities and Exchange Commission. No additional financial information or material changes were disclosed in the filing. The announcement comes as Flutter’s stock has experienced a significant 9.21% decline over the past week. InvestingPro analysis shows the stock currently trades at a high earnings multiple, with 12 additional key insights available to subscribers.

Flutter Entertainment’s ordinary shares, with a nominal value of €0.09 per share, are listed on the New York Stock Exchange under the symbol FLUT.

This information is based on a press release statement included in the company’s SEC filing.

In other recent news, Flutter Entertainment has been the focus of multiple analyst ratings and market developments. Benchmark and Jefferies both reiterated their Buy ratings on Flutter Entertainment, with price targets set at $365.00 and $380.00, respectively. These affirmations come amid investor concerns over competitive pressures from prediction markets, notably following Kalshi’s introduction of a new same-game parlay product for NFL matches. Despite these market dynamics, Flutter’s FanDuel unit reported impressive results, with a 10% year-over-year handle growth and a 24% increase in gross gaming revenue for NFL Week 3 in New York. Meanwhile, Robinhood’s announcement of strong September trading metrics and plans to expand its prediction markets internationally has impacted Flutter, with shares dropping 7% in response. The expansion discussions include talks with regulators such as the UK’s Financial Conduct Authority. These developments highlight the shifting landscape in the prediction market sector, affecting major players like Flutter Entertainment.

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