Flutter Entertainment announces share buyback program

Flutter Entertainment plc (NYSE:FLTR), a leading provider of sports betting and gaming services with a market capitalization of $42.6 billion, disclosed details of its share repurchase program today. According to InvestingPro analysis, the company maintains a GOOD financial health score, positioning it well for such corporate actions. The announcement was made in compliance with the United Kingdom (TADAWUL:4280) Financial Conduct Authority’s Disclosure Guidance and Transparency Rules and was released through the Regulatory News Service in London.

The company, previously known as Stars Group Inc. and Amaya Inc., is incorporated in Ireland and has its principal executive offices located at 300 Park Ave South, New York, New York, 10010. Flutter Entertainment’s ordinary shares, with a nominal value of €0.09 per share, are traded on the New York Stock Exchange under the ticker symbol FLUT.

This latest corporate action follows the company’s ongoing strategy to enhance shareholder value. Flutter Entertainment has not disclosed the financial details or the specific number of shares it intends to repurchase under this program.

The information regarding the share buyback was provided in an 8-K filing with the Securities and Exchange Commission (SEC) on Thursday, May 8, 2025. The document also includes an exhibit detailing the RNS Announcement related to the share repurchase program, dated the same day.

Investors and stakeholders can refer to the 8-K filing for more comprehensive details. Flutter Entertainment has ensured that all regulatory requirements are met with this disclosure, maintaining transparency with its investors.

The share repurchase program is a financial maneuver often used by companies to return capital to shareholders and can potentially improve earnings per share by reducing the number of shares outstanding. This move comes as Flutter trades at a relatively high earnings multiple, with InvestingPro data showing impressive revenue growth of 19.15% over the last twelve months. For deeper insights into Flutter’s valuation and growth metrics, including 11 additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.

This news is based on a press release statement and provides factual information without any analysis or commentary on the implications of the share buyback program for the company or the market. Looking ahead, InvestingPro analysts anticipate continued sales growth in the current year, with the company maintaining a moderate debt level and strong operational performance.

In other recent news, Flutter Entertainment has reported its first-quarter 2025 earnings, revealing a miss on both earnings per share (EPS) and revenue forecasts. The company reported an EPS of $1.59, below the expected $2.05, and revenue of $3.67 billion, which fell short of the projected $3.96 billion. Despite these misses, U.S. revenue grew by 18% year-over-year, showcasing strength in that segment. Additionally, Flutter completed strategic acquisitions in Italy and Brazil, which are anticipated to bolster its market position.

JMP Securities maintained its Market Outperform rating for Flutter Entertainment, with a price target of $317.00, despite the mixed financial results. The analysts noted that the company’s revenue and EBITDA were below consensus expectations by 5% and 13%, respectively. However, U.S. revenue and EBITDA showed a slight increase over JMP’s estimates. The Asia Pacific region delivered weaker results, contributing to the company’s challenges.

Flutter Entertainment introduced significant product innovations, such as the "Your Way" pricing technology, aiming to enhance customer engagement. The company has also projected group revenue of $17.08 billion for the year, with an adjusted EBITDA of $3.18 billion. Looking ahead, Flutter plans to expand further into the U.S. market, with launches in Missouri and Alberta, Canada, in the coming quarters.

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