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Flutter Entertainment PLC on Friday said it plans to repurchase shares worth up to $245 million on the New York Stock Exchange in the fourth tranche of a share buyback programme. Flutter Entertainment is a global sports betting and gaming operator with a portfolio of leading international brands such as FanDuel, Paddy Power, Sportsbet, Betfair and SkyBet. The buyback will start on October 1 and conclude by the end of the year. It is the fourth tranche of a multi-year share buyback programme worth up to $5 billion, which Flutter announced in September 2024. It expects to return around $1 billion to shareholders through the programme during 2025. Flutter said the fourth tranche will be run by Davy Securities UC. Shares in Flutter Entertainment were down 2.8% in London on Friday afternoon, and 2.2% lower at $299.26 during pre-market trading in New York. On Thursday, Flutter said Fan Duel, favourable sporting results and iGaming growth helped deliver sales and earnings growth in the second quarter and improved prospects for the rest of the year. Revenue is expected to rise 23% to $17.3 billion in 2025, the company said in a statement. Earnings before interest, taxes, depreciation and amortisation will grow 40% to about $3.3 billion. That‘s up from previous guidance of $17.1 billion and $3.18 billion, respectively. Adjusted Ebitda jumped 25% to $919 million in the second quarter of 2025 from $738 million a year prior, although net income tumbled 88% to $37 million from $297million. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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