Flutter pauses share buybacks to focus on deleveraging, cost savings
FLUT•FLUT•FLUT•FLUT•Flutter CEO Dan Taylor said the company will pause share buybacks for the foreseeable future, prioritize organic investment and deleveraging, and target another $500 million in cost savings by 2029. Flutter also cut its full-year core profit forecast for a fifth successive quarter.
CEO Dan Taylor said Flutter will pause its share buyback program for the foreseeable future to prioritize organic investment and deleveraging. The company is targeting a further $500 million in cost savings by 2029.
Taylor named four priorities: building on Flutter’s U.S. leadership position, pursuing opportunities in the nascent prediction market sector, driving more value from its non-U.S. portfolio and simplifying its operating model. Flutter cut its full-year core profit forecast for a fifth successive quarter, citing a disappointing end to 2025 and struggles in the U.S. market this year.
