Flutter Entertainment plc announced on March 5, 2025, the launch of the second tranche of its share repurchase program, committing up to $300 million in buybacks. This is part of the company's broader $5 billion multi-year share repurchase program, initially authorized in September 2024.
The second tranche is scheduled to commence on April 1, 2025, on the New York Stock Exchange and will conclude no later than June 30, 2025. Goldman Sachs & Co LLC will manage the repurchase process, executing trades independently within pre-set parameters.
Flutter expects to return approximately $1 billion to shareholders through this program during 2025. The repurchased shares will be cancelled to reduce share capital, reflecting the company's disciplined capital allocation strategy and confidence in its future cash flow generation.
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