earnings
confidence high
sentiment neutral
materiality 0.75
PENN Entertainment prelim Q3: Retail EBITDAR $465-475M, Interactive EBITDA guidance improved to $(90)-$(100)M
PENN Entertainment, Inc.
2024-Q3 EPS reported
-$1.17
revenue$4,909,100,000
- Retail Operations Adjusted EBITDAR estimated $465M-$475M for Q3 2024, vs Q3 2023 which had $14M Hurricane Laura insurance benefit.
- Interactive Adjusted EBITDA guidance raised to $(90)-$(100)M from prior $(115)-$(135)M, driven by better hold and lower promotions.
- Retail results negatively impacted by ~$10M unfavorable hold in Northeast and weather/remodeling disruptions in South.
- Full Q3 2024 financial results scheduled for release on November 7, 2024 with a conference call at 9:00 a.m. ET.