Penn National Earnings Reports

PENN Entertainment reported solid Q4 2024 results, marked by revenue growth at properties unaffected by new supply and substantial improvements in the Interactive segment, driven by online casino growth and disciplined promotional strategies. The company intends to repurchase at least $350 million of shares in 2025.

PENN Entertainment reported third-quarter results consistent with preliminary estimates. Stable consumer demand in the retail business was offset by unfavorable hold in the Northeast segment and volume declines in the South segment. The Interactive segment benefited from better-than-expected hold and lower promotional expenses.

PENN Entertainment reported second-quarter revenues of $1.663 billion, a slight decrease from $1.674.8 billion in the prior year. The company experienced a net loss of $27.1 million, compared to a net income of $78.1 million in the same period last year. The Interactive segment showed improved revenue but continued to have an Adjusted EBITDA loss.

PENN Entertainment's Q1 2024 results showed resilience in property-level performance with stable trends continuing into April, despite weather impacts in January and February. ESPN BET drove strong demand but was impacted by unfavorable hold. The company is focused on enhancing product offerings and media integrations with ESPN to improve retention and user spend. PENN Entertainment hired Aaron LaBerge as CTO to accelerate technology and product improvements. Total liquidity was $1.9 billion, and traditional net debt was $1.7 billion.

PENN Entertainment's Q4 2023 saw solid property level performance, driven by strong customer demand and operational excellence with 10 properties achieving their highest ever fourth quarter revenue. The launch of ESPN BET led to significant customer acquisition and expansion in key performance indicators, though it also drove higher than expected promotional expense.

PENN Entertainment reported stable property level performance driven by solid results from rated traditional core customers. The company is preparing to launch ESPN BET on November 14 across 17 states, aiming to expand their digital ecosystem and drive customer re-engagement.

PENN Entertainment reported a 2.9% increase in revenue to $1.67 billion, and net income increased to $78.1 million. The company experienced stable property level performance and successfully re-launched its sportsbook app. Online Barstool Sportsbook will be rebranded ESPN Bet in Fall 2023.

PENN Entertainment reported a revenue increase of 7.0% year-over-year to $1.67 billion. Net income significantly increased to $514.4 million, with Adjusted EBITDAR at $478.2 million. The company saw growth in retail operations, driven by older demographics and strong VIP play, and launched online sports betting in Ohio and Massachusetts.

PENN Entertainment reported Q4 2022 revenues of $1.6 billion, a 0.8% increase year-over-year. Net income was $20.8 million, with an adjusted EBITDA of $438.3 million increasing 18.8% year-over-year. The Interactive segment achieved profitability during the quarter.

PENN Entertainment reported a revenue increase of 7.5% year-over-year, reaching $1.6 billion. Net income also increased to $123.2 million, with a net income margin of 7.6%. The company is reiterating its full-year revenue and Adjusted EBITDAR guidance.

PENN Entertainment reported revenues of $1.6 billion and Adjusted EBITDAR of $504.5 million. The company successfully transitioned theScore Bet in Ontario to its proprietary tech stack and reiterated its 2022 revenue and Adjusted EBITDAR guidance.

Penn National Gaming reported record first quarter results with revenues of $1.56 billion and Adjusted EBITDAR of $494.7 million. The company is growing its active mychoice database and seeing early benefits from technology investments. They are also driving momentum at their Interactive Segment with ongoing sports betting and iCasino growth, and the successful launch of mobile sports betting and iCasino in Ontario.

Penn National Gaming reported strong fourth-quarter results with revenues of $1.6 billion, net income of $44.8 million, and adjusted EBITDAR of $480.5 million. The company's retail operations delivered strong results through sustainable margin improvement and technology upgrades, while the interactive segment exceeded expectations. A $750 million share repurchase program was authorized, and full-year guidance for 2022 was initiated.

Penn National Gaming reported strong third-quarter results with revenues of $1.5 billion and a net income of $86.1 million. The company's adjusted EBITDAR reached $480.3 million, and adjusted EBITDA was $364.3 million. The Barstool Sportsbook mobile app expanded to multiple states, contributing to the company's growth.

Penn National Gaming reported a strong second quarter with revenues of $1,545.8 million, net income of $198.7 million, and adjusted EBITDAR of $586.6 million. The company's performance was driven by strong demand from its core gaming business and an efficient cost structure. Penn National also announced its acquisition of Score Media and Gaming.

Penn National Gaming reported record results in Q1 2021, driven by strong performance in the land-based business and the launch of the online Barstool Sportsbook in Michigan and Illinois. The company's mychoice player loyalty program was fully integrated across retail and digital offerings, and Penn National was included in the S&P 500.

Penn National Gaming reported Q4 2020 revenues of $1.03 billion, net income of $12.7 million, Adjusted EBITDAR of $365.4 million, and Adjusted EBITDA of $255.9 million. The company launched the Barstool Sportsbook Mobile App in Michigan and opened retail Barstool Sportsbooks at several locations.

Penn National Gaming reported Q3 2020 revenues of $1.13 billion, net income of $141.2 million, Adjusted EBITDAR of $452.6 million, and Adjusted EBITDA of $343.6 million. The company saw strong performance across its properties and a highly successful launch of the Barstool Sportsbook app.

Penn National Gaming reported a challenging second quarter due to the COVID-19 pandemic, with significant revenue decline and a net loss. However, reopened properties showed strong performance, and the company is optimistic about the upcoming launch of the Barstool Sportsbook app.

Penn National Gaming reported first quarter revenues of $1.12 billion, a net loss of $608.6 million, Adjusted EBITDAR of $252.3 million, and Adjusted EBITDA of $154.8 million. The company moved aggressively to improve liquidity and is focusing on long-term objectives. The omni-channel growth strategy remains intact with the scheduled launch of the Barstool Sportsbook App in the third quarter.

Penn National Gaming reported Q4 revenues of $1.34 billion, a net loss of $92.9 million, adjusted EBITDA of $304.0 million, and adjusted EBITDAR of $399.4 million. The company reduced traditional debt by approximately $70 million during the quarter and initiated a 2020 full-year adjusted EBITDAR guidance range of $1.67 billion to $1.70 billion.