secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0000921738-22-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penn National Gaming Q4 revenue $1.6B, net income $44.8M; $750M buyback authorized
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- Q4 revenue $1.573B, up $545M YoY and $231M vs 2019; net income $44.8M ($0.26 diluted EPS).
- Adjusted EBITDAR $480.5M (margin 30.6%), adjusted EBITDA $369.0M.
- Board authorized $750M share repurchase program expiring Jan 31, 2025.
- 2022 guidance: net revenue $6.07B-$6.39B, adjusted EBITDAR $1.85B-$1.95B.
- Interactive segment EBITDA loss guided to ~$50M in 2022, improving from prior outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000004/0000921738-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000004/penn-20220203.htm
  HTML page:      https://secwatch.observer/filing/0000921738-22-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer