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PENN Entertainment, Inc.

PENN Entertainment, Inc.

NASDAQ•PENN
CEO: Mr. Jay A. Snowden
Sector: Consumer Cyclical
Industry: Gambling, Resorts & Casinos
Listing Date: 1994-05-26
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands. The company's portfolio also includes PENN Play, customer loyalty program, which offers a set of rewards and experiences for business channels. In addition, it owns various trademarks and service marks, including Ameristar, Argosy, Boomtown, Hollywood Casino, Hollywood Gaming, L'Auberge, PENN Play, theScore, theScore Bet, theScore esports, and M Resort. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
Contact Information
825 Berkshire Blvd., Suite 200, Wyomissing, PA, 19610, United States
610-373-2400
www.pennentertainment.com
Market Cap
$2.17B
P/E (TTM)
-2.3
15.9
Dividend Yield
--
52W High
$23.08
52W Low
$13.24
52W Range
13%
Rank62Top 82.4%
2.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.72B+4.76%
4-Quarter Trend

EPS

-$6.03+2412.50%
4-Quarter Trend

FCF

-$1.00M-102.35%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Increased 5.0% Nine months total revenues reached $5.15B USD, up 5.0% driven by strong Interactive segment growth and gaming tax reimbursements.
Operating Cash Flow Surged Net cash provided by operating activities increased 56.4% to $401.0M USD for nine months, reflecting operational improvements.
Adjusted EBITDA Improved Consolidated Adjusted EBITDA grew to $604.3M USD for nine months, up $97.3M, showing underlying operational strength.
Interactive Revenue Grew Interactive segment revenues increased 32.0% to $903.9M USD for nine months, driven by iCasino and online sports betting growth.

Risk Factors

Major Goodwill Impairment Recorded $825.0M non-cash goodwill impairment charge in Interactive segment following digital strategy realignment decisions.
ESPN Partnership Termination Early termination of Sportsbook Agreement with ESPN ends ESPN BET trademark use December 1, 2025; potential reputational impact noted.
Shareholder Litigation Ongoing Facing HG Vora lawsuit regarding Board reduction; litigation could divert resources and potentially impact gaming licenses.
Economic Sensitivity High Business highly sensitive to discretionary consumer spending shifts caused by inflation, interest rates, and general adverse economic conditions.

Outlook

Rebranding to theScore Bet Realigning digital focus by rebranding U.S. online sports betting offering to theScore Bet targeting December 1, 2025 launch.
Development Projects Nearing Completion M Resort hotel tower opening December 2025; Aurora Project expected opening Q2 2026, following Joliet opening in August 2025.
Capital Expenditures Planned Anticipate $255.0M capital expenditures for 2025, including $430.0M for PENN Development Projects funded via GLPI agreements.
Maintain Debt Covenants Compliance Expect to remain in compliance with all required financial covenants for at least the next twelve months following filing date.

Peer Comparison

Revenue (TTM)

Sonic Automotive, Inc.SAH
$15.18B
+9.1%
Dana IncorporatedDAN
$8.54B
-18.2%
PENN Entertainment, Inc.PENN
$6.82B
+8.2%

Gross Margin (Latest Quarter)

SharpLink Gaming, Inc.SBET
96.0%
+76.4pp
Capri Holdings LimitedCPRI
61.0%
-3.3pp
Steven Madden, Ltd.SHOO
41.5%
-0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AEO$4.72B22.613.0%42.0%
GTX$3.55B10.6-43.5%62.4%
DAN$3.34B60.14.4%11.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.0%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:-$0.12
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $1.72B+4.8%
    |
    EPS: $-6.03+2412.5%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $1.77B+6.1%
    |
    EPS: $-0.12-33.3%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $1.67B+4.1%
    |
    EPS: $0.73-196.1%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $6.58B+3.4%
    |
    EPS: $-2.05+36.3%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $1.64B+1.2%
    |
    EPS: $-0.24-95.0%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $1.66B-0.7%
    |
    EPS: $-0.18-135.3%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $1.61B-4.0%
    |
    EPS: $-0.76-122.7%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $6.36B-0.6%
    |
    EPS: $-3.22-335.0%
    Miss