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Flutter Entertainment PLC ( (FLUT) ) just unveiled an update.
Flutter Entertainment has executed another small tranche of its U.S. share buyback, redeeming and cancelling 57,463 ordinary shares on March 18 at a volume-weighted average price of $107.98. The purchases, carried out through Goldman Sachs & Co. LLC across multiple trading venues, reduce Flutter’s shares in issue to 175,162,331.
These latest redemptions form part of the company’s previously announced plan to repurchase up to $250 million of stock over 10 weeks from March 12, 2026, within a wider $5 billion buyback program unveiled in 2024. The continued buybacks underscore management’s capital-return strategy and tighten the share count, with potential benefits for earnings per share and existing shareholders’ ownership stakes.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global gambling and sports betting group operating online and retail brands across regulated markets. The company offers sports wagering, online casino, poker and gaming products, with a significant presence in the U.S. and other major jurisdictions, targeting both recreational and dedicated bettors through multi-channel platforms.
For a thorough assessment of FLUT stock, go to TipRanks’ Stock Analysis page.