PENN reports Q3 net loss of $725M; plans ESPN BET launch Nov 14

PENN Entertainment, Inc.

2023-Q3 EPS reported -$0.87 revenue$4,967,500,000

Net loss of $725.1M ($4.80 diluted loss) vs net income of $123.2M ($0.72 EPS) a year ago.
Revenue essentially flat at $1.62B; Adjusted EBITDA fell 32% to $298.5M.
Interactive segment posted $50.2M adjusted EBITDA loss on $196.3M revenue.
ESPN BET online sportsbook to launch Nov 14 across 17 states, pending approvals.
Retail property revenue $1.42B; adjusted EBITDAR $523.4M with 36.8% margin.

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 financial results for the three months ended September 30, 2023.

Period: the three months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 2, 2023, PENN Entertainment, Inc. (the “Company”), issued a press release announcing the results of operations and financial condition for the three months ended September 30, 2023.

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Source: SEC EDGAR

accession 0000921738-23-000046

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