secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000921738-25-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000092173825000013/0000921738-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000092173825000013/penn-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000921738-25-000013

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