---
schema_version: "secwatch.filing_event.v1"
accession: "0000921738-25-000013"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T06:29:35.723463+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PENN turns profitable in Q1 with net income $111.5M; Interactive segment still loss-making

## Summary
- 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.

## SEC filing metadata
- accession: 0000921738-25-000013
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000092173825000013/0000921738-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000092173825000013/penn-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921738-25-000013
- JSON: https://secwatch.observer/filing/0000921738-25-000013.json
- Plain text: https://secwatch.observer/filing/0000921738-25-000013.txt

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