secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000921738-23-000046
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000092173823000046/0000921738-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000092173823000046/penn-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000921738-23-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer