Flutter Entertainment plc announces launch of fifth tranche of share repurchase program
Rhea-AI Summary
Flutter Entertainment (NYSE:FLUT) has launched a fifth tranche of its multi-year share repurchase program, entering non-discretionary arrangements with Goldman Sachs to repurchase up to $250 million of ordinary shares on the NYSE.
The Buyback runs from March 12, 2026 and ends no later than May 21, 2026, and may acquire up to 17,674,003 ordinary shares less prior tranche purchases; repurchased shares will be cancelled. This tranche is part of a previously announced up to $5 billion program from September 25, 2024.
Positive
- Tranche size of $250 million committed for repurchases
- Repurchased shares will be cancelled, reducing share capital
- This is the fifth tranche of an up to $5 billion multi-year buyback program
Negative
- None.
News Market Reaction – FLUT
On the day this news was published, FLUT gained 2.18%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
FLUT was down 1.97% while peers showed mixed moves: DKNG +0.52%, RSI +0.43%, SGHC +0.93%, LNW -4.2%, SBET -3.52%. Scanner data did not flag a sector-wide momentum move.
Previous Buybacks Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Aug 08 | Fourth buyback tranche | Positive | -8.3% | Announced fourth buyback tranche up to $245M on NYSE to cancel shares. |
| May 08 | Third buyback tranche | Positive | -0.5% | Launched third tranche up to $225M in buybacks within $5B program. |
| Mar 05 | Second buyback tranche | Positive | +1.4% | Second tranche up to $300M in NYSE buybacks to reduce share capital. |
| Nov 13 | First buyback tranche | Positive | +7.0% | First tranche up to $350M under larger $5B repurchase authorization. |
| Sep 25 | Buyback plan & outlook | Positive | +5.1% | Unveiled long-term plan and up to $5B share repurchase authorization. |
Buyback-related announcements have produced mixed reactions, with earlier authorization and initial tranches often followed by gains, but later tranches sometimes seeing negative next-day moves.
Over the past 18 months, Flutter has repeatedly used buybacks as part of a multi‑year capital return plan. The initial authorization and first tranche in September 2024 and November 2024 saw share price gains. Subsequent second and third tranches in March and May 2025 drew more muted reactions, while the fourth tranche on August 8, 2025 coincided with a notable decline. Today’s fifth tranche continues this established pattern of staged repurchases to reduce share capital.
Historical Comparison
Past buyback announcements produced an average move of 0.95%, suggesting historically modest immediate price reactions to similar capital return news.
Flutter moved from a $5B buyback authorization in 2024 through four tranches between 2024–2025, and this fifth tranche extends the same multi‑year repurchase strategy aimed at reducing share capital.
Market Pulse Summary
This announcement adds a fifth tranche of up to $250 million to Flutter’s multi‑year $5bn share repurchase program, with the buyback running from March 12, 2026 to no later than May 21, 2026. The stated goal is to reduce share capital, with purchases executed independently under Rule 10b5‑1 and 10b‑18 parameters. Historically, similar buyback updates have produced modest average price moves, so investors may focus on actual execution and future tranche cadence.
Key Terms
rule 10b5-1 regulatory
rule 10b-18 regulatory
u.s. securities exchange act of 1934 regulatory
eu market abuse regulation (596/2014) regulatory
AI-generated analysis. Not financial advice.
NEW YORK, March 11, 2026 (GLOBE NEWSWIRE) -- Flutter Entertainment plc (“Flutter”) (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, announces that it has entered into non-discretionary arrangements with Goldman Sachs & Co. LLC to repurchase ordinary shares on Flutter’s behalf for an aggregate maximum consideration of up to
The Buyback will commence on March 12, 2026 on the New York Stock Exchange, and will end no later than May 21, 2026, being 10-weeks from the date of commencement. The purpose of the Buyback is to reduce the share capital of Flutter. This Buyback is the fifth tranche of the multi-year share repurchase program of up to
Goldman Sachs & Co. LLC will conduct the Buyback on Flutter’s behalf and will make trading decisions under the Buyback independently of Flutter in accordance with certain pre-set parameters. The maximum number of ordinary shares which may be acquired pursuant to the Buyback is an aggregate of 17,674,003 ordinary shares less the total amount of ordinary shares acquired since June 5, 2025 (being the date of Flutter’s 2025 annual general meeting) as part of the second, third and fourth tranches of our share buyback program announced on March 4, 2025, May 8, 2025 and August 8, 2025, respectively.
The Buyback will be conducted within the parameters prescribed by (i) Rule 10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended and (ii) the EU Market Abuse Regulation (596/2014) and Commission Delegated Regulation (EU) 2016/1052 as such legislation forms part of law in the United Kingdom pursuant to the EU (Withdrawal) Act 2018 (as may be amended, extended and/or supplemented from time to time). The repurchased ordinary shares will be cancelled.
Any decision in relation to the amount and timing of any future buyback tranche will be based on an ongoing assessment of the capital needs of the business and general market conditions.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including with relation to our share repurchase program. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. In some cases, you can identify these forward-looking statements by the use of words such as “outlook”, “believe(s)”, ”expect(s)”, “potential”, “continue(s)”, “may”, “will”, “should”, “could”, “would”, “seek(s)”, “predict(s)”, “intend(s)”, “trends”, “plan(s)”, “estimate(s)”, “anticipates”, “projection”, “goal”, “target”, “aspire”, “will likely result”, and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Factors that could cause the Company’s results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 as filed with the Securities and Exchange Commission (SEC) and other periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
About Flutter Entertainment plc
Flutter is the world’s leading online sports betting and iGaming operator, with leading positions in markets across the world, including the US. Our ambition is to leverage our significant scale and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global competitive advantages of the Flutter Edge, which gives our brands access to group-wide benefits to stay ahead of the competition, as well as our clear vision for sustainability through our Positive Impact Plan.
Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games, Snaitech, BetNacional and Adjarabet.
To learn more about Flutter, please visit our website at www.flutter.com.
The person responsible for arranging release of this Announcement on behalf of Flutter is Edward Traynor, Company Secretary of Flutter.
Enquiries:
Investor Relations: Investor.relations@flutter.com
Media Relations: corporatecomms@flutter.com
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