PENN Q4 net income $20.8M, Adj EBITDAR $468.3M; FY23 rev guidance $6.15-6.58B

PENN Entertainment, Inc.

2022-FY EPS reported $1.29 revenue$6,401,700,000

Revenues $1.59B (+0.8% YoY); net income $20.8M ($0.13 EPS) vs $44.8M ($0.26) prior year.
Adj EBITDAR $468.3M (-2.5% YoY), margin 29.5%; property-level Adj EBITDAR $487.1M, margin 35.2%.
Interactive segment Adj EBITDA $5.2M (profitable); revenue $208M incl tax gross-up. Barstool migration to proprietary tech summer 2023.
Repurchased $91M in Q4 at avg $31.69; new $750M buyback auth Dec 2022; post-quarter additional $31.5M repurchases.
FY23 guidance: revenue $6.15-6.58B, Adj EBITDAR $1.875-2.0B. Barstool acquisition closing Feb 17 excluded from guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PENN Entertainment, Inc. reported the three months and year ended December 31, 2022 results: revenue $1.6 billion, net income $20.8 million. Guidance initiated.

Period: the three months and year ended December 31, 2022
Revenue: $1.6 billion
Net income: $20.8 million
Guidance: initiated
Result: reported results

Exact text from the filing

(“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three months and year ended December 31, 2022. 2022 Fourth Quarter Highlights: • Revenues of $1.6 billion, an increase of 0.8% year-over-year; • Net income of $20.8 million and net income margin of 1.3%, as compared to net income of $44.8 million and net income margin of 2.8% in the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PENN Entertainment, Inc. reported 2023 results: revenue $6.15 billion to $6.58 billion. Guidance initiated.

Period: 2023
Revenue: $6.15 billion to $6.58 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

For 2023, we are guiding to a revenue range of $6.15 billion to $6.58 billion and an Adjusted EBITDAR range of $1.875 billion to $2.0 billion

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Source: SEC EDGAR

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