{"schema_version":"secwatch.filing_event.v1","accession":"0000921738-24-000005","form_type":"8-K","ticker":"PENN","cik":"0000921738","company_name":"PENN Entertainment, Inc.","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.303387+00:00","generated_at":"2026-06-06T01:52:22.806717+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"PENN Entertainment reports Q4 net loss of $358.8M; Interactive segment loss $333.8M on ESPN BET launch costs","bullets":["Net loss $358.8M ($2.37 diluted EPS) vs income $20.8M ($0.13) YoY; revenue $1.395B, down 12% YoY.","Retail segment revenue $1.37B, Adjusted EBITDAR $476.4M, margin 34.7%; 10 properties achieved record Q4 revenue.","Interactive (ESPN BET) revenue $31.5M, Adjusted EBITDA loss $333.8M; over 1M FTDs post-Nov 14 launch; promotional expense higher than expected.","ESPN BET to launch in NC (March 2024) and NY (before football season), expanding addressable sports betting population to 46%.","Total liquidity $2.1B, cash $1.1B; traditional net debt $1.6B."],"urls":{"canonical":"https://secwatch.observer/filing/0000921738-24-000005","json":"https://secwatch.observer/filing/0000921738-24-000005.json","markdown":"https://secwatch.observer/filing/0000921738-24-000005.md","text":"https://secwatch.observer/filing/0000921738-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/921738/000092173824000005/0000921738-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921738/000092173824000005/penn-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:52:22.806717+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":"f8b9a7632c90d4482287ab84a33b4c20913a4370","claim":"PENN Entertainment, Inc. reported for the three months and year ended December 31, 2023 results: revenue $1,395.4, net income $(358.8), EPS $(2.37).","evidence_excerpt":"may not be reasonably predicted. 2 Summary of Fourth Quarter Results For the three months ended December 31, (in millions, except per share data, unaudited) 2023 2022 Revenues $ 1,395.4 $ 1,585.6 Net income (loss) $ (358.8) $ 20.8 Adjusted EBITDA (1) $ (39.6) $ 438.3 Rent expense associated with triple net operating leases (2) 152.1 30.0 Adjusted EBITDAR (1) $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/921738/000092173824000005/0000921738-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for the three months and year ended December 31, 2023"},{"label":"Revenue","value":"$1,395.4"},{"label":"Net income","value":"$(358.8)"},{"label":"EPS","value":"$(2.37)"},{"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"}