Flutter launches fifth $250m share buyback tranche on NYSE

Flutter Entertainment PLC ( (FLUT) ) has shared an update.

Flutter Entertainment plc has launched a fifth tranche of its multi-year share repurchase programme, appointing Goldman Sachs & Co. LLC to buy back up to $250 million of its ordinary shares on the New York Stock Exchange between March 12 and no later than May 21, 2026. The buyback, conducted under U.S. and U.K. market abuse and safe-harbour rules, is intended to reduce Flutter’s share capital and forms part of a broader $5 billion capital return plan, underscoring ongoing efforts to optimise its balance sheet and potentially enhance shareholder value.

Goldman Sachs will execute the purchases independently within pre-set parameters, with the repurchased shares to be cancelled and the maximum number of shares constrained by prior tranches completed since the 2025 AGM. Future repurchase tranches will depend on Flutter’s evolving capital requirements and market conditions, signalling a flexible approach to capital allocation as the company consolidates its position in the global online betting and iGaming market.

More about Flutter Entertainment PLC

Flutter Entertainment plc is the world’s leading online sports betting and iGaming operator, holding leading positions in multiple markets, including the U.S. The group runs a diversified portfolio of major brands such as FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Betfair, Sisal and others, and aims to leverage its global scale and sustainability-focused strategy to drive long-term growth.

Learn more about FLUT stock on TipRanks’ Stock Analysis page.