PENN Entertainment reported increased revenues, net income, Adjusted EBITDA, and Adjusted EBITDAR for the first quarter of 2025 compared to the same period in 2024. The company's properties showed resilience despite weather challenges, and the Interactive segment achieved record gaming revenue and improved year-over-year results despite unfavorable sports betting hold.
Revenues increased to $1.67 billion, up from $1.61 billion in the prior year.
Net income was $111.5 million, a significant improvement from a net loss of $114.9 million in Q1 2024.
Adjusted EBITDA grew to $173.3 million, compared to $101.4 million in the prior year period.
Adjusted EBITDAR increased to $329.2 million, up from $256.2 million in the first quarter of 2024.
The report does not contain explicit forward-looking guidance in the provided text.