Revenue segments as reported by the company.

Gaming

Food, beverage, hotel and other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Gaming expenses

Food, beverage, hotel and other expenses

General and administrative

Depreciation and amortization

Impairment losses

Loss on disposal of Barstool

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Penn Entertainment

PENN Entertainment, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor. The South segment operates properties including 1st Jackpot Casino, Ameristar Vicksburg, and Boomtown Biloxi. The West segment includes Ameristar Black Hawk, Cactus Pete's and Horseshu, and M Resort. The Midwest segment consists of properties including Ameristar Council Bluffs, Argosy Casino Alton, and Argosy Casino Riverside. The Other segment manages properties including Freehold Raceway, Retama Park Racetrack, and Sanford-Orlando Kennel Club. The company was founded by Peter M. Carlino in 1982 and is headquartered in Wyomissing, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Penn Entertainment reports strong Q4 performance and plans for growth

Penn Entertainment's Q4 2022 performance was strong, driven by the Interactive segment and successful Barstool Sportsbook launches in Ohio.
The company's focus on technology enhancements, ESG initiatives, and responsible gaming accreditation positions it well for future growth.
While facing challenges like quarterly profitability fluctuations and labor costs, Penn Entertainment is poised to capitalize on opportunities in market expansion and customer engagement.
Strategic planning for the football season, deeper integration post-Barstool acquisition, and aggressive marketing post-migration highlight Penn Entertainment's proactive approach to driving profitability and market share growth.

PENN reports strong Q1 earnings, eyes tech migration for growth

PENN's Q1 performance driven by strong Northeast results, facing challenges in the South.
Barstool Sports acquisition and loyalty program signups highlight growth opportunities.
Stalled iGaming legislation poses challenges, while tech migration sets up future prospects.
Focus on seamless customer experience and unique content creation for sustained success.

Penn Entertainment partners with ESPN for strategic online betting launch

Penn Entertainment's Q2 performance reflects a strategic shift towards online sports betting through the ESPN partnership, emphasizing technology investments and customer-centric strategies.
While facing challenges in partnership transitions and marketing expenditure, the company's strengths in differentiation, market access, and financial stability position it for long-term success.
Opportunities lie in expanding online casino presence, seamless app integration, and leveraging ESPN's brand for sustained growth and profitability beyond 2025.

Penn Entertainment reports stable Q3 earnings, eyes market expansion opportunities

Penn Entertainment's Q3 performance was solid, with stable revenues and a focus on market share growth. Challenges include upcoming EBITDA loss in the interactive segment and cost creep in insurance. However, opportunities lie in market expansion in Ontario and the U.S., with a strong emphasis on retention and gradual growth strategies.

Penn Entertainment reports strong Q4 2023 performance and outlines growth strategies for 2024

Penn Entertainment's Q4 2023 marked significant achievements in EBITDAR and retail segment performance, with a focus on digital segment growth.
The company faces challenges in the interactive segment but anticipates improvements in 2024 through strategic initiatives.
Opportunities lie in expanding market reach, enhancing product offerings, and leveraging cross-selling between digital and retail segments.
Maintaining financial stability and liquidity while investing in growth initiatives sets a positive trajectory for Penn Entertainment in 2024.

PENN Entertainment's Q1 2024: Strong Digital Growth Amid Challenges

PENN Entertainment's Q1 2024 reflects strong digital progress, despite challenges like lower spend per user and margin decline in retail.
The company's strategic focus on user engagement, product enhancements, and market share scenarios positions them for future growth and success.
With a clear roadmap for the Interactive segment, PENN aims to drive towards breakeven in 2025 and strengthen its position in the online sports betting market.

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Book value per share

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Net change in cash

Free cash flow

PENN Entertainment, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, Interactive, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor. The South segment operates properties including 1st Jackpot Casino, Ameristar Vicksburg, and Boomtown Biloxi. The West segment includes Ameristar Black Hawk, Cactus Pete's and Horseshu, and M Resort. The Midwest segment consists of properties including Ameristar Council Bluffs, Argosy Casino Alton, and Argosy Casino Riverside. The Interactive segment operates the online sports betting and casino applications. The Other segment manages properties including Freehold Raceway, Retama Park Racetrack, and Sanford-Orlando Kennel Club. The company was founded by Peter M. Carlino in 1982 and is headquartered in Wyomissing, PA.

Disney

Penn Entertainment plans to rebrand its sportsbook as part of a $2 billion deal with ESPN. This deal comes at an interesting time for Disney, which owns ESPN, and has been struggling with its linear TV assets.

Penn Entertainment Says Goodbye to Barstool Sports. With an ESPN Deal on the Horizon, What's Next?

Shares of PENN  Entertainment (NASDAQ: PENN ) stock are in the red after the company filed a prospectus settlement for the resale of up to 1.25 million shares. The “Selling Shareholder” section of the filing lists a single individual: Dave Portnoy.

Is Dave Portnoy Giving Up on Penn Entertainment (PENN) Stock?

ESPN partners with PENN, emphasizing their focus on sports gambling content and giving PENN access to ESPN's massive digital footprint. PENN's Q2 earnings show revenue growth and enhanced profitability, but there are concerns about declining EBITDA. Despite these concerns, the stock is a Buy as we believe management can return to higher operational efficiency.

PENN Entertainment: Gaming With The Mouse

When Penn Entertainment Inc. announced plans on Tuesday to launch an ESPN-branded online sports-betting service, shares of the casino operator initially rallied. But afterward, some Wall Street analysts seemed less sure about the enthusiasm, saying that while the potential gains were big, the road to reach them could make for a bumpy ride.

Penn is betting big on ESPN for sports betting. One analyst sees ‘sizable execution risks.

Truist Securities analyst Barry Jonas downgraded his rating of Penn to Hold from Buy.

Why ESPN Gambling Deal Might Not Be a Win for Penn Entertainment Stock

With the ESPN and Penn Entertainment deal, Disney is officially entering the world of sports betting.

ESPN Penn Entertainment Deal Is Disney's First Move Into Sports Betting

In February 2020, casino operator and online betting company Penn Entertainment Inc. took a 36% stake in Barstool Sports for $161 million. This year, Penn bought the rest for $388 million.

Penn spent some $550 million on Barstool Sports. Dave Portnoy got it back for $1.

Penn Entertainment CEO Jay Snowden said the only "natural owner" of Barstool Sports is David Portnoy, who founded the company in 2003.

After divesting Barstool Sports, Penn Entertainment CEO says Dave Portnoy is the only 'natural owner' for the company long term

PENN Entertainment shareholders celebrated after the entertainment company announced on Tuesday it would partner with Disney's ESPN to create a sports betting company.

PENN, Disney's ESPN $1.5B deal scores with investors

ESPN's new deal means that the world's largest sports news and information company will also be a gambling company.

ESPN Gambling Deal Faces Criticisms Of Conflict Of Interest

PENN Entertainment, Inc. (NASDAQ:PENN ) Q2 2023 Results Conference Call August 9, 2023 9:00 AM ET Company Participants Joe Jaffoni - IR Jay Snowden - CEO Felicia Hendrix - CFO Todd George - Head of Operations Chris Rogers - EVP, Chief Strategy Officer Conference Call Participants Barry Jonas - Truist Securities Carlo Santarelli - Deutsche Bank Bernie McTernan - Needham & Company Chad Beynon - Macquarie Joe Greff - JPMorgan Ryan Sigdahl - Craig-Hallum Capital Shaun Kelley - Bank of America Steve Wieczynski - Stifel Joe Stauff - Susquehanna Brandt Montour - Barclays John DeCree - CBRE Stephen Grambling - Morgan Stanley David Katz - Jefferies Jason Tilchen - Canaccord Genuity Operator Greetings. And welcome to the PENN Entertainment Second Quarter and ESPN Transaction Conference Call.

PENN Entertainment, Inc. (PENN) Q2 2023 Earnings Call Transcript

Penn is forming a strategic partnership with ESPN to launch ESPN Bet. The company is rebranding Barstool Sportsbook and divesting its ownership of Barstool.

Why PENN Entertainment Stock Was Climbing Today

Penn may have been Disney's last option to monetize ESPN's brand in sports betting, and it raises key questions for the Magic Kingdom, one analyst said.

ESPN's Penn Deal Isn't Good for Disney Stock. 'It Feels a Bit Strange,' Analyst Says.

Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.﻿

Penn Entertainment Shares Jump After $2 Billion Sportsbook Deal With Disney's ESPN

The headline numbers for PENN Entertainment (PENN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, PENN Entertainment (PENN) Q2 Earnings: A Look at Key Metrics

PENN Entertainment Inc (NASDAQ:PENN) announced a second-quarter earnings and revenue beat before the open, amid a return to casinos and rising demand for online sports betting.

Penn Entertainment Stock Surges on Disney Deal

PENN Entertainment (PENN) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.15 per share a year ago.

PENN Entertainment (PENN) Q2 Earnings and Revenues Top Estimates

PENN Entertainment stock spiked 20% on Wednesday after announcing a $2 billion deal with ESPN. The company will partner with ESPN to launch ESPN Bets, a new US-based sports-betting platform.

PENN Entertainment stock jumps 20% after striking $2 billion sports-betting deal with ESPN

Penn Entertainment (NASDAQ: PENN ) stock is rising higher on Wednesday after the company signed a massive deal with Disney's (NYSE: DIS ) ESPN and ESPN Enterprises. The big news here is Penn Entertainment acquiring an exclusive online sports betting (OSB) license in the U.S. That grants it the use of the ESPN Bet trademark.

PENN Stock Alert: The $2 Billion Reason Penn Entertainment Is Up Today

Penn Entertainment Inc. followed up its announcement of a deal with ESPN with a second-quarter report in which profit and revenue rose above expectations, as strength in its food, beverage and hotel business offset some weakness in gaming.

Penn Entertainment follows ESPN deal with an earnings beat

DraftKings

Shares in sports gambling names have fallen in the wake of Penn's $2 billion deal for ESPN rights.

Penn Wins in ESPN Betting Deal. Why DraftKings Stock Is Dropping.

ZipRecruiter

Marqeta Inc.‘s stock MQ, -1.00% was surging 19% after the company, which makes card-issuing technology, addressed a major investor overhang as it announced a deal renewal with Block Inc.‘s SQ, -2.55% Cash App.

Penn Entertainment shares surge on ESPN deal, ZipRecruiter stock slumps and other stocks on the move

The outspoken founder of Barstool Sports is once again the owner of his media brand, after buying it back from Penn Entertainment.

Penn Entertainment sells Barstool Sports back to founder Dave Portnoy

Penn Entertainment Inc (NASDAQ: PENN) has agreed to partner with ESPN and relaunch its Barstool Sportsbook as ESPN Bet. ESPN Bet will launch in the U.S. this fall The deal creates a new revenue stream for ESPN at a time when cord-cutting is hurting the traditional TV business.

ESPN just partnered with Penn Entertainment to launch a sportsbook

Casino owner PENN Entertainment has dropped Barstool, the sports website, agreeing to a $2 billion dollar deal with ESPN to create ESPN Bet.

News for Penn Entertainment Stock (PENN)