---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-24-000035"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T04:12:58.986283+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PENN Q3 net loss narrows to $37.5M but Adj EBITDA drops to $193.5M

## Summary
- Revenue $1.64B (flat YoY); net loss improved to $37.5M from $725.1M; diluted EPS -$0.24.
- Adjusted EBITDA fell to $193.5M from $298.5M; adjusted EBITDAR $348.4M vs $445.1M.
- Interactive: $244.6M revenue, $90.9M Adj EBITDA loss; launched ESPN BET account linking on Oct 30.
- Property-level: $1.4B revenue, $471.7M adj EBITDAR, 33.8% margins; unfavorable hold in NE, weather in South.
- Liquidity $1.8B including $834M cash; traditional net debt $1.8B; iCasino app in PA early Q1 2025.

## SEC filing metadata
- accession: 0000921738-24-000035
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000092173824000035/0000921738-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173824000035/penn-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-24-000035
- JSON: https://secwatch.observer/filing/0000921738-24-000035.json
- Plain text: https://secwatch.observer/filing/0000921738-24-000035.txt

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