Flutter Entertainment reports total voting rights

Flutter Entertainment plc (NYSE:FLUT), a $43.16 billion market cap leader in computer programming and data processing services, disclosed its total voting rights in a recent regulatory announcement. The company has demonstrated robust performance with revenues reaching $14.05 billion, showing impressive year-over-year growth of 19.15%. According to InvestingPro analysis, Flutter maintains a "GOOD" overall financial health score, suggesting strong operational fundamentals. The announcement, made on Thursday, May 1, 2025, was released through the Regulatory News Service in London and is in compliance with the United Kingdom (TADAWUL:4280) Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. With the company’s next earnings report scheduled for May 7, 2025, investors can access comprehensive analysis and detailed metrics through InvestingPro’s exclusive research reports, which are available for over 1,400 US-listed companies.

The company, headquartered in New York, New York, with its shares listed as Ordinary Shares on the New York Stock Exchange under the trading symbol "FLUT," has provided this information as part of its regulatory obligations. The announcement is furnished as Exhibit 99.1 to the Form 8-K filed with the Securities and Exchange Commission (SEC) and is incorporated by reference within the document.

Flutter Entertainment plc, previously known as Stars Group Inc. and Amaya Inc., is incorporated in Ireland and operates under the SIC code 7370, which includes services related to computer programming, data processing, and other computer-related services.

The filing also includes the company’s contact information, with its principal executive offices located at 300 Park Ave South, New York, NY, 10010, and the telephone number listed as (646) 930-0950. The document was signed by Fiona Gildea, Deputy Company Secretary and Head of Governance of Flutter Entertainment plc.

This SEC filing provides investors and regulatory bodies with the necessary transparency regarding the company’s voting rights. The Form 8-K filing, dated May 1, 2025, is part of Flutter Entertainment plc’s commitment to regular disclosure and adherence to governance standards required by the financial authorities. Based on InvestingPro’s Fair Value analysis, the stock currently appears slightly undervalued, presenting a potential opportunity for investors looking to explore companies trading below their intrinsic value.

For more detailed information, investors and interested parties can refer to the full 8-K filing and the attached Exhibit 99.1, which contains the specific details of the voting rights announcement. This news article is based on the press release statement and the 8-K filing with the SEC.

In other recent news, Flutter Entertainment announced it will release its first-quarter 2025 financial results on May 7, 2025, offering insights into the company’s performance. Benchmark analysts maintained a Buy rating for Flutter Entertainment, with a price target of $300, despite a challenging first quarter due to lower U.S. sportsbook hold percentages. In contrast, Citizens JMP analyst Jordan Bender revised his price target for Flutter to $317, down from $328, citing an anticipated earnings miss for the quarter. Nonetheless, Bender emphasized Flutter’s gains in market share within its iGaming business and highlighted upcoming acquisitions in Italy and Brazil as growth drivers.

Flutter Entertainment also completed its acquisition of Snaitech S.p.A., marking a strategic expansion in the European gaming market. The financial terms of the acquisition were not disclosed, but it is expected to strengthen Flutter’s international operations. Additionally, board member Atif Rafiq announced he will not seek re-election at the upcoming Annual General Meeting, citing other commitments. This change in leadership comes as the company continues to adapt to the evolving global gaming industry. Investors will be closely monitoring these developments and their potential impact on Flutter’s strategic direction.

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