Flutter Entertainment is actively executing its $5 billion share repurchase program, having bought back approximately 9,600 shares on 2024's final trading day and over 13,000 shares on January 2, 2025. Goldman Sachs is managing these open-market purchases on Flutter's behalf.

The company aims to repurchase $350 million worth of shares by March 31, 2025, as part of its larger $5 billion buyback initiative announced in September 2024. After recent repurchases, Flutter's outstanding share count stands at 177,881,080.

The repurchase prices have been favorable, with shares trading between $254.96 and $260.08, significantly below the 52-week high of $284.79. This $5 billion program represents a substantial portion of Flutter's $45.34 billion market capitalization.

Market analysts remain highly optimistic about Flutter's prospects:

• 20 out of 22 analysts rate the stock as "strong buy" or "buy"
• Average price target: $303.90 (18.36% above current price)
• FanDuel maintains its position as part of the US online sports betting duopoly alongside DraftKings

The buyback program marks Flutter's first major capital return initiative since its NYSE listing in early 2024. The company's shift to a primary US listing has successfully expanded its investor base and improved share liquidity.

This repurchase program significantly outpaces competitor DraftKings' announcement of a $1 billion buyback plan, demonstrating Flutter's strong financial position and commitment to shareholder value.

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