Flutter Sees Q4 Share Repurchases of up to $245 Million
Posted on: August 8, 2025, 02:20h.
Last updated on: August 8, 2025, 02:20h.
- FanDuel parent says share buybacks could reach $1 billion this year
- Gaming company bought back $300 million worth of its stock in Q2
Flutter Entertainment (NYSE: FLUT) today detailed the fourth 2025 tranche of its share repurchase program, telling investors it expects buy back up to $245 million of its stock during the final three months of the year.
That’s part of a multi-year, $5 billion buyback program announced by the FanDuel owner last and puts the operator on pace to reach its stated goal of repurchasing at least $1 billion worth of its own shares in 2025.
In 2025, we expect to return approximately $1 billion to shareholders via the program,” according to a press release. “Davy Securities UC 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 Friday announcement arrived after Flutter delivered second-quarter results on Thursday, telling investors it bought back $300 million, or 1.25 million of its shares during the April through June period. That was after the operator spent $230 million to retire 891,000 shares in the first three months of the year.
Flutter Financial Firepower Supports Repurchase Efforts
Shares of the Betfair parent slumped today following the earnings report — an arguably perplexing reaction considering Flutter upped its 2025 guidance and that includes the effects of the December launch of online sports betting in Missouri and recent tax increases in Illinois, Louisiana, and New Jersey.
“Group revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are now expected to be $17.26 billion and $3.295 billion at the midpoint representing 23% and 40% year-over-year growth, respectively,” according to a press release.
Regarding its corporate repurchase effort, Flutter has the ability to make good on the aforementioned pledges while not straining its balance sheet. The company concluded the second quarter with $1.7 billion in cash on hand, up $154 million on a sequential basis.
As of June 30, total debt stood at $9.95 billion, which “reflects the financing for the Snai and NSX acquisitions.”
Flutter Bull Thesis Remains Intact
A prominent theme of gaming industry second-quarter earnings has been strength in the online side of the business coupled with disappointing results on the brick-and-mortar side. Fortunately for Flutter investors, the company runs an asset-lite, online-only model in North America.
North American growth, facilitated by FanDuel, the upcoming start of football season, and Flutter’s smart mergers and acquisitions (M&A) track record are among the reasons analysts love the stock.
“The underlying equity story remains very much on track, with product superiority driving leading market share, global footprint adding diversity, ongoing operating leverage, continued buybacks AND M&A, all set against a valuation that does not price in the >30% compound EBITDA growth,” said Jefferies analyst James Wheatcroft in a note to clients.
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