---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-22-000014"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-26T00:15:39.231316+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Penn Q1 rev $1.56B, net income $51.6M; raises FY22 EBITDA guidance to $1.875-2.0B

## Summary
- 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.

## SEC filing metadata
- accession: 0000921738-22-000014
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000092173822000014/0000921738-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173822000014/penn-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-22-000014
- JSON: https://secwatch.observer/filing/0000921738-22-000014.json
- Plain text: https://secwatch.observer/filing/0000921738-22-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.