{"schema_version":"secwatch.filing_event.v1","accession":"0000921738-23-000023","form_type":"8-K","ticker":"PENN","cik":"0000921738","company_name":"PENN Entertainment, Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.039391+00:00","generated_at":"2026-06-12T00:04:54.717352+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PENN Q2 revenue up 2.9%, net income $78.1M; ESPN Bet rebrand in Fall 2023","bullets":["Revenue $1.67B (+2.9% YoY); net income $78.1M (up from $26.1M); diluted EPS $0.48 vs $0.15.","Adj. EBITDAR $476.8M (-5.5% YoY); adj. EBITDA $330.4M (-30.7%); margins down 250 bps.","Repurchased $99.8M of stock at avg $26.31; liquidity $2.2B; lease-adj. net leverage 4.7x.","Barstool Sportsbook to rebrand as ESPN Bet in Fall 2023 under new ESPN agreement.","Successfully migrated proprietary sports betting and iCasino tech platform in the U.S."],"urls":{"canonical":"https://secwatch.observer/filing/0000921738-23-000023","json":"https://secwatch.observer/filing/0000921738-23-000023.json","markdown":"https://secwatch.observer/filing/0000921738-23-000023.md","text":"https://secwatch.observer/filing/0000921738-23-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/921738/000092173823000023/0000921738-23-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921738/000092173823000023/penn-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T00:04:54.717352+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":"2805be7cfea3a26d6e660b35a84a3cb2214b3784","claim":"PENN Entertainment, Inc. reported three months ended June 30, 2023 results: revenue $1,674.8, net income $78.1, EPS $0.48.","evidence_excerpt":"For the three months ended June 30, (in millions, except per share data, unaudited) 2023 2022 Revenues $ 1,674.8 $ 1,626.9 Net income $ 78.1 $ 26.1 Adjusted EBITDA (1) $ 330.4 $ 476.5 Rent expense associated with triple net operating leases (2) 146.4 28.0 Adjusted EBITDAR (1) $ 476.8 $ 504.5 Payments to our REIT Landlords under Triple Net Leases (3) $ 234.2 $ 231.8 Diluted earnings per common share $ 0.48 $ 0.15","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/921738/000092173823000023/0000921738-23-000023-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended June 30, 2023"},{"label":"Revenue","value":"$1,674.8"},{"label":"Net income","value":"$78.1"},{"label":"EPS","value":"$0.48"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}