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Flutter Entertainment plc announces launch of fourth tranche of share repurchase program

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Flutter Entertainment (NYSE:FLUT) has announced the launch of its fourth tranche of share repurchase program, with plans to buy back shares worth up to $245 million on the NYSE. The buyback will commence on October 1, 2025 and conclude by December 31, 2025.

This represents the fourth tranche of Flutter's multi-year $5 billion share repurchase program announced in September 2024. The company expects to return approximately $1 billion to shareholders in 2025 through the program. Davy Securities UC will execute the buyback independently, with a maximum limit of 17,674,003 ordinary shares, less the shares acquired in the previous three tranches.

Flutter Entertainment (NYSE:FLUT) ha annunciato il lancio della quarta tranche del suo programma di riacquisto azionario, con l'intenzione di riacquistare azioni per un valore fino a 245 milioni di dollari sulla NYSE. Il riacquisto inizierà il 1 ottobre 2025 e terminerà entro il 31 dicembre 2025.

Questa è la quarta tranche del programma pluriennale di riacquisto azionario da 5 miliardi di dollari annunciato a settembre 2024. La società prevede di restituire circa 1 miliardo di dollari agli azionisti nel 2025 attraverso questo programma. Davy Securities UC eseguirà il riacquisto in modo indipendente, con un limite massimo di 17.674.003 azioni ordinarie, al netto delle azioni già acquistate nelle precedenti tre tranche.

Flutter Entertainment (NYSE:FLUT) ha anunciado el lanzamiento de su cuarta tanda del programa de recompra de acciones, con planes de recomprar acciones por un valor de hasta 245 millones de dólares en la NYSE. La recompra comenzará el 1 de octubre de 2025 y finalizará el 31 de diciembre de 2025.

Esta representa la cuarta tanda del programa plurianual de recompra de acciones por 5 mil millones de dólares anunciado en septiembre de 2024. La compañía espera devolver aproximadamente 1 mil millones de dólares a los accionistas en 2025 a través del programa. Davy Securities UC ejecutará la recompra de forma independiente, con un límite máximo de 17.674.003 acciones ordinarias, descontando las acciones adquiridas en las tres tandas anteriores.

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Flutter Entertainment (NYSE:FLUT) a annoncé le lancement de la quatrième tranche de son programme de rachat d’actions, avec l’intention de racheter des actions pour une valeur allant jusqu’� 245 millions de dollars sur le NYSE. Le rachat débutera le 1er octobre 2025 et se terminera au plus tard le 31 décembre 2025.

Il s’agit de la quatrième tranche du programme pluriannuel de rachat d’actions de 5 milliards de dollars annoncé en septembre 2024. La société prévoit de restituer environ 1 milliard de dollars aux actionnaires en 2025 via ce programme. Davy Securities UC exécutera le rachat de manière indépendante, avec une limite maximale de 17 674 003 actions ordinaires, déduction faite des actions acquises lors des trois premières tranches.

Flutter Entertainment (NYSE:FLUT) hat die Lancierung der vierten Tranche seines Aktienrückkaufprogramms bekannt gegeben, mit Plänen, Aktien im Wert von bis zu 245 Millionen US-Dollar an der NYSE zurückzukaufen. Der Rückkauf beginnt am 1. Oktober 2025 und endet am 31. Dezember 2025.

Dies stellt die vierte Tranche des im September 2024 angekündigten mehrjährigen Aktienrückkaufprogramms über 5 Milliarden US-Dollar dar. Das Unternehmen erwartet, im Jahr 2025 etwa 1 Milliarde US-Dollar an die Aktionäre zurückzugeben. Davy Securities UC wird den Rückkauf eigenständig durchführen, mit einem Höchstlimit von 17.674.003 Stammaktien, abzüglich der in den vorherigen drei Tranchen erworbenen Aktien.

Positive
  • Part of a larger $5 billion share repurchase program showing strong commitment to shareholder returns
  • Substantial $245 million buyback value in fourth tranche
  • Expected return of $1 billion to shareholders in 2025
  • Independent execution by Davy Securities ensures market compliance and objectivity
Negative
  • Buyback program may limit cash available for strategic investments or acquisitions
  • Share cancellation will reduce the company's outstanding shares and market float

Insights

Flutter's $245M buyback (fourth tranche of $5B program) signals financial strength and shareholder value prioritization.

Flutter Entertainment is launching the fourth tranche of its share repurchase program, committing $245 million to buy back shares on the NYSE between October-December 2025. This represents a significant capital allocation decision and is part of the company's previously announced $5 billion multi-year buyback program initiated in September 2024.

The company has already executed three prior tranches since the program's announcement, and specifically stated they expect to return approximately $1 billion to shareholders via the program in 2025 alone. This systematic approach to capital returns suggests strong free cash flow generation and management's confidence in the business's financial health.

Share repurchases create value for investors through multiple mechanisms. By reducing outstanding shares, Flutter increases earnings per share (all else equal), potentially supporting higher valuations. The buyback also signals management's belief that shares represent good value at current prices.

The repurchased shares will be cancelled rather than held as treasury stock, permanently reducing the share count. This reduces the company's equity base and increases ownership percentage for remaining shareholders.

What's particularly notable is the scale of Flutter's capital return commitment � $5 billion represents a substantial portion of the company's market capitalization. The disciplined, tranche-based approach allows Flutter to maintain financial flexibility while delivering on shareholder return promises, balancing growth investments with direct capital returns.

NEW YORK, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment plc ("Flutter") (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, announces that it has entered into non-discretionary arrangements with Davy Securities UC to repurchase ordinary shares on Flutter's behalf for an aggregate maximum consideration of up to $245 million on the New York Stock Exchange (the "Buyback").

The Buyback will commence on October 1, 2025 on the New York Stock Exchange, and will end no later than December 31, 2025. The purpose of the Buyback is to reduce the share capital of Flutter. This Buyback is the fourth tranche of the multi-year share repurchase program of up to $5bn announced on September 25, 2024. In 2025, we expect to return approximately $1bn to shareholders via the program.

Davy Securities UC will conduct the Buyback on Flutter's behalf and will make trading decisions under the Buyback independently of Flutter in accordance with certain pre-set parameters. The maximum number of ordinary shares which may be acquired pursuant to the Buyback is an aggregate of 17,674,003 ordinary shares less the total amount of ordinary shares acquired as part of the first tranche of our share buyback programme announced on November 13, 2024, the second tranche of our share buyback programme announced on March 5, 2025, and the third tranche of our share buyback programme announced on May 8, 2025.

The Buyback will be conducted within the parameters prescribed by (i) Rule 10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended and (ii) the EU Market Abuse Regulation (596/2014) and Commission Delegated Regulation (EU) 2016/1052 as such legislation forms part of law in the United Kingdom pursuant to the EU (Withdrawal) Act 2018 (as may be amended, extended and/or supplemented from time to time). The repurchased ordinary shares will be cancelled.

Any decision in relation to the amount and timing of any future buyback tranche will be based on an ongoing assessment of the capital needs of the business and general market conditions.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including with relation to our share repurchase program. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. In some cases, you can identify these forward-looking statements by the use of words such as "outlook", "believe(s)", "expect(s)", "potential", "continue(s)", "may", "will", "should", "could", "would", "seek(s)", "predict(s)", "intend(s)", "trends", "plan(s)", "estimate(s)", "anticipates", "projection", "goal", "target", "aspire", "will likely result", and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Factors that could cause the Company's results to differ materially from those described in the forward-looking statements can be found in Part I, "Item 1A. Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 as filed with the Securities and Exchange Commission (SEC) and other periodic filings with the SEC, which are accessible on the SEC's website at . Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

About Flutter Entertainment plc

Flutter is the world's leading online sports betting and iGaming operator, with leading positions in markets across the world, including the US. Our ambition is to leverage our significant scale and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global competitive advantages of the Flutter Edge, which gives our brands access to group-wide benefits to stay ahead of the competition, as well as our clear vision for sustainability through our Positive Impact Plan.

Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games, Snaitech, Betnacional and Adjarabet.

To learn more about Flutter, please visit our website at .

The person responsible for arranging release of this Announcement on behalf of Flutter is Edward Traynor, Company Secretary of Flutter.

Enquiries:

Investor Relations: [email protected]

Media Relations: [email protected]

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit .


FAQ

What is the size of Flutter Entertainment's (FLUT) fourth share buyback tranche?

Flutter's fourth tranche of share buyback program is worth up to $245 million and will be executed on the NYSE.

When will Flutter Entertainment's (FLUT) fourth buyback tranche begin and end?

The fourth buyback tranche will commence on October 1, 2025 and end no later than December 31, 2025.

How much is Flutter Entertainment's (FLUT) total share repurchase program worth?

Flutter announced a multi-year $5 billion share repurchase program in September 2024, with approximately $1 billion expected to be returned to shareholders in 2025.

Who will execute Flutter Entertainment's (FLUT) share buyback program?

Davy Securities UC will conduct the buyback independently on Flutter's behalf, making trading decisions according to pre-set parameters.

What is the maximum number of shares Flutter can repurchase in this program?

The maximum is 17,674,003 ordinary shares, less the total shares acquired in the first three tranches of the buyback program.
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53.60B
174.16M
0.15%
105.15%
3.99%
Gambling
Services-computer Programming, Data Processing, Etc.
United States
NEW YORK