PENN Q3 revenue $1.6B (+7.5%), net income $123.2M; reaffirms FY2022 guidance

PENN Entertainment, Inc.

2022-Q3 EPS reported $1.15 revenue$4,816,100,000

Revenues of $1.625B, up 7.5% YoY; net income $123.2M ($0.72 diluted EPS) vs $86.1M ($0.52).
Adjusted EBITDAR of $471.9M, down 1.7% YoY; adjusted EBITDA $440.4M, up 20.9% YoY.
Reiterated FY2022 revenue guidance $6.15B-$6.55B and adjusted EBITDAR $1.875B-$2.0B.
Repurchased $168M of stock in Q3 at avg price $31.40; remaining authorization $211.1M.
Announced ~$850M in new retail growth projects in IL, OH, NV with up to $575M GLPI financing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PENN Entertainment, Inc. reported three and nine months ended September 30, 2022 results: revenue $1.6 billion, net income $123.2 million. Guidance reaffirmed.

Period: three and nine months ended September 30, 2022
Revenue: $1.6 billion
Net income: $123.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2022. 2022 Third Quarter Highlights: • Revenues of $1.6 billion, an increase of 7.5% year-over-year; • Net income of $123.2 million and net income margin of 7.6%, as compared to net income of $86.1 million and net income margin of 5.7% in the

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Source: SEC EDGAR

accession 0000921738-22-000047

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