Core Viewpoint - Flutter Entertainment plc has announced a share repurchase program with a maximum consideration of up to $245 million, aimed at reducing its share capital [1][2]. Group 1: Buyback Details - The buyback will commence on October 1, 2025, and conclude no later than December 31, 2025 [2]. - This buyback represents the fourth tranche of a multi-year share repurchase program totaling up to $5 billion, with an expected return of approximately $1 billion to shareholders in 2025 [2]. - Davy Securities UC will execute the buyback independently, with a maximum acquisition of 17,674,003 ordinary shares, adjusted for previous tranches [3]. Group 2: Regulatory Compliance - The buyback will adhere to U.S. Securities Exchange Act rules and EU Market Abuse Regulation, ensuring compliance with legal standards [4]. Group 3: Future Considerations - Future buyback decisions will depend on the ongoing assessment of the company's capital needs and market conditions [5]. Group 4: Company Overview - Flutter is recognized as the world's leading online sports betting and iGaming operator, with a diverse portfolio of brands including FanDuel, PokerStars, and Paddy Power [7][8].

Core Insights - Flutter Entertainment reported strong Q2 2025 results, with adjusted EPS at $2.95, exceeding the $2.24 consensus, and GAAP revenue at $4.187 billion, surpassing the $4.13 billion estimate [1][2] - The company upgraded its full-year 2025 guidance for revenue and adjusted EBITDA, reflecting robust growth, particularly in the U.S. and key international markets [1][11] Financial Performance - Adjusted EPS (Non-GAAP) was $2.95, a 45% increase year-over-year from $2.04 [2] - GAAP revenue reached $4.19 billion, a 16% increase from $3.61 billion in Q2 2024 [2] - Adjusted EBITDA was $919 million, up 24.5% from $738 million [2] - Free Cash Flow (Non-GAAP) was $156 million, down 9% compared to Q2 2024 [2][10] Market Expansion and Strategic Focus - Flutter operates leading brands in online sports betting and gaming across over 100 countries, focusing on scale, geographic reach, and proprietary technology [3] - The company has prioritized market expansion, regulatory compliance, and technological innovation, completing significant acquisitions in Italy and Brazil [4] U.S. Market Performance - U.S. revenue increased by 17%, with segment revenues from sports betting operations at $1.79 billion [5] - U.S. adjusted EBITDA rose 54% to $400 million, driven by a 42% increase in iGaming revenue [5] International Operations - International segment revenue grew by 15%, with Flutter holding a 30.2% share of the online market in Italy and a 144% revenue increase in Brazil [6] - iGaming revenues rose 27% internationally [6] Challenges and Regulatory Environment - GAAP net income dropped 88% year-over-year due to non-cash charges and higher tax expenses [7] - The company faces regulatory challenges, including a new wager fee in Illinois and evolving gambling laws in the U.K., Ireland, Brazil, and India [9] Future Outlook - Management raised FY2025 revenue guidance to $17.26 billion and adjusted EBITDA to $3.295 billion, with U.S. revenue expected to reach $7.58 billion [11] - Investors will monitor the integration of recent acquisitions, regulatory impacts, and the company's balance sheet leverage [12]

Core Viewpoint - Flutter Entertainment is set to release its second quarter 2025 update on August 7, 2025, after market close, with all related materials available on its website [1] Group 1: Financial Update - The second quarter 2025 update will be released at 4:05 p.m. EDT (9:05 p.m. BST) on August 7, 2025 [1] - A conference call will be held on the same day at 4:30 p.m. EDT (9:30 p.m. BST) to review the results and answer questions [2] Group 2: Participation Details - Analysts and investors can participate in the live conference call by dialing specific numbers and using conference ID 20251, with a recommendation to join 10 minutes early [3] Group 3: Company Overview - Flutter is recognized as the world's leading online sports betting and iGaming operator, with a strong market position in the US and globally [3] - The company aims to leverage its size and innovative mindset to drive long-term growth while promoting sustainability through its Positive Impact Plan [3] Group 4: Brand Portfolio - Flutter operates a diverse portfolio of well-known online sports betting and iGaming brands, including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and others [4]

Core Viewpoint - Flutter Entertainment plc has announced the launch of a third tranche of its share repurchase program, with a maximum consideration of up to $225 million on the New York Stock Exchange [1][2]. Group 1: Share Repurchase Program - The Buyback will commence on July 1, 2025, and conclude no later than September 30, 2025, aimed at reducing Flutter's share capital [2]. - This Buyback is part of a multi-year share repurchase program totaling up to $5 billion, initially announced on September 25, 2024, with an expected return of approximately $1 billion to shareholders in 2025 [2]. - Davy Securities Unlimited Company will conduct the Buyback independently, with a maximum of 17,739,905 ordinary shares to be acquired, adjusted for shares bought in previous tranches [3]. Group 2: Regulatory Compliance - The Buyback will adhere to U.S. Securities Exchange Act rules and EU Market Abuse Regulation, ensuring compliance with legal standards [4]. - Repurchased shares will be cancelled following the Buyback [4]. Group 3: Future Considerations - Future buyback decisions will depend on ongoing assessments of the company's capital needs and general market conditions [5]. Group 4: Company Overview - Flutter is recognized as the world's leading online sports betting and iGaming operator, with a diverse portfolio of brands including FanDuel, PokerStars, and Paddy Power [7][8]. - The company aims to leverage its scale and competitive advantages to foster long-term growth and sustainability [7].

Core Insights - Flutter Entertainment reported strong Q1 2025 financial results, with a year-over-year net income growth of 289% and adjusted EBITDA growth of 20% [7][40][34] - The company continues to expand its US operations, achieving a 15% growth in sportsbook revenue and a 32% growth in iGaming revenue despite adverse sports outcomes during March Madness [34][12] - Flutter's international segment also showed resilience, with a 1% revenue growth year-over-year, driven by strong performances in Southern Europe and Africa [22][35] Financial Performance - Q1 2025 adjusted EBITDA reached $161 million, significantly higher than the previous year, reflecting strong operating leverage [34] - Total revenue for the quarter was reported at $3.67 billion, with the US segment contributing $1.9 billion and the international segment contributing $2 billion [58][35] - The company expects 2025 revenue and adjusted EBITDA to reach $17.08 billion and $3.18 billion, representing year-over-year growth of 22% and 35% respectively [44][48] US Market Update - Flutter maintains a leading position in the US market with a 43% market share in sports betting and a 27% share in iGaming [12][34] - The average monthly players (AMPs) grew by 11% to over 4.3 million, indicating strong customer engagement [12] - Innovative features such as "Your Way" pricing capability and "Bet back tokens" have been launched to enhance customer experience and engagement [14][15] International Market Update - The acquisition of Snai in Italy is expected to enhance Flutter's scale in the European market, with integration already underway [23][11] - The Southern Europe & Africa (SEA) region reported a 14% revenue increase year-over-year, driven by strong market share growth [37][22] - The Central and Eastern Europe (CEE) region also showed robust growth, with a 15% revenue increase year-over-year [29] Strategic Outlook - Flutter's long-term growth strategy focuses on sustainable business practices and responsible gaming, with a commitment to invest in both organic growth and M&A opportunities [8][30] - The company is optimistic about navigating the evolving US regulatory landscape and expanding its market presence [20][21] - Flutter's diversified portfolio of brands positions it well to capitalize on the growing global online sports betting and iGaming market, projected to be worth approximately $368 billion by 2030 [8][57]

Core Viewpoint - Flutter Entertainment is set to release its first quarter 2025 financial results on May 7, 2025, after market close, highlighting its ongoing commitment to transparency and investor engagement [1]. Group 1: Financial Results Announcement - Flutter will announce its Q1 2025 financial results on May 7, 2025, at 4:05 p.m. EDT [1]. - The earnings release and supplementary materials will be accessible through the "Investors" section of the Flutter website [1]. Group 2: Conference Call Details - A conference call will be held on May 7, 2025, at 4:30 p.m. EDT to discuss the financial results and answer questions [2]. - Access to the conference call will be available via webcast and telephone, with a replay provided approximately one hour after the call [2]. Group 3: Company Overview - Flutter is recognized as the world's leading online sports betting and iGaming operator, with a strong presence in various global markets, including the US [3]. - The company aims to leverage its scale and innovative mindset to drive long-term growth while promoting sustainability through its Positive Impact Plan [3]. - Flutter operates a diverse portfolio of brands, including FanDuel, PokerStars, and Paddy Power, among others [4].