{"schema_version":"secwatch.filing_event.v1","accession":"0000921738-25-000040","form_type":"8-K","ticker":"PENN","cik":"0000921738","company_name":"PENN Entertainment, Inc.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.617212+00:00","generated_at":"2026-05-17T00:08:22.748221+00:00","sec_items":["1.01","8.01","2.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"PENN terminates ESPN BET deal, posts Q3 net loss of $865M; new $750M buyback authorized","bullets":["Q3 net loss $865.1M ($6.03 diluted loss); revenue $1.72B (+5% YoY); Adj EBITDA $194.9M.","PENN and ESPN mutually terminate OSB agreement effective Dec 1, 2025; PENN pays $38.1M in Q4 plus $5M for media.","ESPN retains vested warrants for 7.96M shares at $28.95; all unvested and performance warrants forfeited.","PENN to rebrand sportsbook to theScore Bet; realigns digital focus on iCasino and Canadian operations.","Board approved new $750M share repurchase program for Jan 1, 2026 – Dec 31, 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0000921738-25-000040","json":"https://secwatch.observer/filing/0000921738-25-000040.json","markdown":"https://secwatch.observer/filing/0000921738-25-000040.md","text":"https://secwatch.observer/filing/0000921738-25-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/921738/000092173825000040/0000921738-25-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921738/000092173825000040/penn-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:08:22.748221+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}