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Jun 30, 2022
Penn National Q2 2022 Earnings Report
Reported second quarter results and announced name change to PENN Entertainment.
Key Takeaways
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.
Database growth highlighted the value of omni-channel strategy.
Successfully migrated to our proprietary tech stack in Ontario.
Reiterating 2022 full year revenue and Adjusted EBITDAR guidance.
Repurchased $167.0 million of common stock at an average price of $30.16 under share repurchase authorization.
Revenue by Segment
Forward Guidance
The company is reiterating its 2022 revenue and Adjusted EBITDAR guidance range of $6.15 billion to $6.55 billion and $1.875 billion to $2.00 billion, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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