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The latest update is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment has redeemed and cancelled 197,611 of its ordinary shares in the U.S. market, at a volume-weighted average price of about $95.64, through broker Goldman Sachs & Co. LLC. Following this latest tranche of buybacks, the company will have 173,339,407 ordinary shares in issue, marginally tightening its equity base.
The transaction forms part of Flutter’s previously announced $250 million, 10-week share buyback running from March 12, 2026, which itself sits within a broader plan to repurchase up to $5 billion of shares. The ongoing programme underscores management’s capital-return strategy and may support earnings per share and shareholder value by reducing the number of shares outstanding over time.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global sports betting and online gaming company, operating brands across regulated markets in Europe, the U.S. and other regions. It offers sports wagering, online casino, poker and related gaming products, targeting both retail and digital customers in competitive gambling markets.
For a thorough assessment of FLUT stock, go to TipRanks’ Stock Analysis page.