secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000921738-22-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000014/0000921738-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000014/penn-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000921738-22-000014

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