Flutter Entertainment will host an investor event today, introducing medium-term 2027 guidance and the authorisation of an up to $5bn share repurchase programme.
"Flutter holds unparalleled leadership positions in the US and the rest of world through a diversified portfolio of market-leading brands," the company states. "These brands enjoy local scale positions and the unique advantages of the Flutter Edge.
"This key differentiator enables our brands to benefit from, and contribute to, leading global capabilities including product and technology as well as the benefits of our vast expertise and our global scale.
"This empowers our local brands with the benefits of a global leader, while still retaining their local focus and challenger mindset.
"With access to a large and growing total addressable market, we believe we are very well positioned to deliver significant profitable growth and value creation for shareholders in the long-term."
Peter Jackson, CEO, commented: "I am very excited about Flutter's strong trajectory and how well positioned we are to capitalise on a global regulated addressable market of nearly $370bn.
"With our unmatched scale, diversification and our global differentiator, The Flutter Edge, we have clear sustainable global advantages that will continue to drive sustainable growth and power our financial model with operating leverage building over time.
"This will provide us with significant optionality for capital allocation, allowing us to be an 'And' business with the capacity to invest for organic growth and engage in value creative M&, and also return a significant amount of capital to shareholders.
"Our intention to deliver up to $5bn of share repurchases over the next three to four years reflects our confidence in Flutter's future."
