earnings
confidence high
sentiment neutral
materiality 0.70
PENN turns profitable in Q1 with net income $111.5M; Interactive segment still loss-making
PENN Entertainment, Inc.
2025-Q1 EPS reported
$0.68
revenue$1,672,500,000
- Revenue $1.67B (+4% YoY); net income $111.5M vs. loss $114.9M YoY; diluted EPS $0.68 vs. -$0.76.
- Property level: revenue $1.4B, Adjusted EBITDAR $457M (33.1% margin); weather cut EBITDAR by ~$10M.
- Interactive: revenue $290.1M (incl. $128.2M tax gross-up), Adjusted EBITDA loss of $89M; record online casino revenue.
- Customer-friendly sports hold hurt Interactive EBITDA by ~$10M; corporate costs up $8M on legal/advisory.
- YTD bought back $35M shares; remaining authorization $714.6M; reaffirms goal of at least $350M buyback in 2025.