---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-24-000018"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:40:18.928012+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PENN Q1 net loss $114.9M vs $514.4M profit year ago; Interactive EBITDA loss $196.0M

## Summary
- Revenue fell 4% to $1,606.9M from $1,673.3M; diluted EPS loss $0.76 vs $3.05 gain.
- Property level (retail) Adjusted EBITDAR $479.0M, margins 34.1%; weather impacted early Q1.
- Interactive revenue $207.7M (incl. $116.6M tax gross-up); Adjusted EBITDA loss $196.0M on unfavorable hold.
- Record online sports betting handle and iCasino GGR but spend per user and hold below expectations.
- Hired Aaron LaBerge (ex-Disney/ESPN CTO) as Chief Technology Officer to lead Interactive division.

## SEC filing metadata
- accession: 0000921738-24-000018
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000092173824000018/0000921738-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173824000018/penn-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-24-000018
- JSON: https://secwatch.observer/filing/0000921738-24-000018.json
- Plain text: https://secwatch.observer/filing/0000921738-24-000018.txt

## Key facts
- Earnings Releases
  PENN Entertainment, Inc. reported three months ended March 31, 2024 results: revenue $1,606.9 million, net income $(114.9) million, EPS $(0.76) per diluted share.
  - Period: three months ended March 31, 2024
  - Revenue: $1,606.9 million
  - Net income: $(114.9) million
  - EPS: $(0.76) per diluted share
  - Result: reported results
  source text: PENN Entertainment, Inc. (the “Company”) issued a press release announcing the results of operations and financial condition for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/921738/000092173824000018/0000921738-24-000018-index.htm

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