---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-22-000034"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:43:49.519824+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PENN Entertainment Q2 net income $26.1M, down 87%; reiterates FY guidance; name change

## Summary
- Q2 revenues $1.63B (+5.2% YoY); net income $26.1M ($0.15 diluted EPS) vs $198.7M ($1.17) in prior year, down 87%.
- Adjusted EBITDAR $504.5M, down 14% YoY; margins declined 694bps to 31.0%.
- Repurchased $167M of common stock at avg $30.16 per share under $750M authorization; remaining $313.1M.
- Reiterates FY2022 revenue guidance $6.15B-$6.55B and Adj EBITDAR guidance $1.875B-$2.0B.
- Changed name from Penn National Gaming to PENN Entertainment, Inc. effective August 4, 2022.

## SEC filing metadata
- accession: 0000921738-22-000034
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000092173822000034/0000921738-22-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173822000034/penn-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-22-000034
- JSON: https://secwatch.observer/filing/0000921738-22-000034.json
- Plain text: https://secwatch.observer/filing/0000921738-22-000034.txt

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