---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-23-000046"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:35:22.485250+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000921738-23-000046
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000092173823000046/0000921738-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173823000046/penn-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-23-000046
- JSON: https://secwatch.observer/filing/0000921738-23-000046.json
- Plain text: https://secwatch.observer/filing/0000921738-23-000046.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/921738/000092173823000046/0000921738-23-000046-index.htm

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