---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-22-000047"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T11:15:13.266266+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000921738-22-000047
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000092173822000047/0000921738-22-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173822000047/penn-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-22-000047
- JSON: https://secwatch.observer/filing/0000921738-22-000047.json
- Plain text: https://secwatch.observer/filing/0000921738-22-000047.txt

## Key facts
- Earnings Releases
  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
  source text: (“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
  evidence_url: https://www.sec.gov/Archives/edgar/data/921738/000092173822000047/0000921738-22-000047-index.htm

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