earnings
confidence high
sentiment positive
materiality 0.85
Penn Q1 rev $1.56B, net income $51.6M; raises FY22 EBITDA guidance to $1.875-2.0B
PENN Entertainment, Inc.
2022-Q1 EPS reported
$0.29
revenue$1,564,200,000
- Revenue $1.56B (+23% YoY); Adj. EBITDAR $494.7M (+11%); GAAP net income $51.6M down from $90.9M.
- Raises FY22 revenue guidance to $6.15-6.55B and Adj. EBITDAR to $1.875-2.0B.
- Repurchased $175.1M of common stock in Q1 (3.8M shares at avg $46.04); $574.9M remaining.
- Interactive segment revenue $141.5M; Adj. EBITDA loss $10.0M; launched Barstool Sportsbook in LA and theScore Bet in Ontario.
- New $1.0B revolver, $550M TLA, $1.0B TL B entered May 3; total liquidity $2.48B, net debt $923.5M.