---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-25-000005"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:58:45.178959+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PENN Entertainment Q4 revenue $1.67B, net loss $134M; announces $350M share repurchase in 2025

## Summary
- Q4 total revenues $1,669M (up 20% YoY); net loss $133.8M vs $358.8M loss a year ago, improved.
- Property-level revenues $1.4B, Adjusted EBITDAR $461.2M (33.1% margin); Interactive rev $275.0M, Adj EBITDA loss $109.8M.
- Company plans to repurchase at least $350M of shares in 2025; total liquidity $1.7B including $706.6M cash.
- Diluted loss per share $(0.88) vs $(2.37) prior year; iCasino record quarterly gaming revenue up 60% YoY.
- New Hollywood Casino Joliet on track for Q4 2025 opening; parlay mix improved with SGP adoption.

## SEC filing metadata
- accession: 0000921738-25-000005
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/921738/000092173825000005/0000921738-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173825000005/penn-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-25-000005
- JSON: https://secwatch.observer/filing/0000921738-25-000005.json
- Plain text: https://secwatch.observer/filing/0000921738-25-000005.txt

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