{"schema_version":"secwatch.filing_event.v1","accession":"0000921738-23-000004","form_type":"8-K","ticker":"PENN","cik":"0000921738","company_name":"PENN Entertainment, Inc.","filed_at":"2023-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.587869+00:00","generated_at":"2026-06-20T03:13:36.949175+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"PENN Q4 net income $20.8M, Adj EBITDAR $468.3M; FY23 rev guidance $6.15-6.58B","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000921738-23-000004","json":"https://secwatch.observer/filing/0000921738-23-000004.json","markdown":"https://secwatch.observer/filing/0000921738-23-000004.md","text":"https://secwatch.observer/filing/0000921738-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/921738/000092173823000004/0000921738-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921738/000092173823000004/penn-20230202.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T03:13:36.949175+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"446aa8392488e8b22a0384826e415889cc93008d","claim":"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.","evidence_excerpt":"(“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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/921738/000092173823000004/0000921738-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months and year ended December 31, 2022"},{"label":"Revenue","value":"$1.6 billion"},{"label":"Net income","value":"$20.8 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f6949fc76927ea44a32a84f1a576113faa81c764","claim":"PENN Entertainment, Inc. reported 2023 results: revenue $6.15 billion to $6.58 billion. Guidance initiated.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/921738/000092173823000004/0000921738-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2023"},{"label":"Revenue","value":"$6.15 billion to $6.58 billion"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}