Revenue segments as reported by the company.

Gaming

Food, beverage, hotel and other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Gaming expenses

Food, beverage, hotel and other expenses

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Loss on disposal of Barstool

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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OpEx Y/Y

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Penn Entertainment

PENN Entertainment, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor. The South segment operates properties including 1st Jackpot Casino, Ameristar Vicksburg, and Boomtown Biloxi. The West segment includes Ameristar Black Hawk, Cactus Pete's and Horseshu, and M Resort. The Midwest segment consists of properties including Ameristar Council Bluffs, Argosy Casino Alton, and Argosy Casino Riverside. The Other segment manages properties including Freehold Raceway, Retama Park Racetrack, and Sanford-Orlando Kennel Club. The company was founded by Peter M. Carlino in 1982 and is headquartered in Wyomissing, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Penn Entertainment reports strong Q4 performance and plans for growth

Penn Entertainment's Q4 2022 performance was strong, driven by the Interactive segment and successful Barstool Sportsbook launches in Ohio.
The company's focus on technology enhancements, ESG initiatives, and responsible gaming accreditation positions it well for future growth.
While facing challenges like quarterly profitability fluctuations and labor costs, Penn Entertainment is poised to capitalize on opportunities in market expansion and customer engagement.
Strategic planning for the football season, deeper integration post-Barstool acquisition, and aggressive marketing post-migration highlight Penn Entertainment's proactive approach to driving profitability and market share growth.

PENN reports strong Q1 earnings, eyes tech migration for growth

PENN's Q1 performance driven by strong Northeast results, facing challenges in the South.
Barstool Sports acquisition and loyalty program signups highlight growth opportunities.
Stalled iGaming legislation poses challenges, while tech migration sets up future prospects.
Focus on seamless customer experience and unique content creation for sustained success.

Penn Entertainment partners with ESPN for strategic online betting launch

Penn Entertainment's Q2 performance reflects a strategic shift towards online sports betting through the ESPN partnership, emphasizing technology investments and customer-centric strategies.
While facing challenges in partnership transitions and marketing expenditure, the company's strengths in differentiation, market access, and financial stability position it for long-term success.
Opportunities lie in expanding online casino presence, seamless app integration, and leveraging ESPN's brand for sustained growth and profitability beyond 2025.

Penn Entertainment reports stable Q3 earnings, eyes market expansion opportunities

Penn Entertainment's Q3 performance was solid, with stable revenues and a focus on market share growth. Challenges include upcoming EBITDA loss in the interactive segment and cost creep in insurance. However, opportunities lie in market expansion in Ontario and the U.S., with a strong emphasis on retention and gradual growth strategies.

Penn Entertainment reports strong Q4 2023 performance and outlines growth strategies for 2024

Penn Entertainment's Q4 2023 marked significant achievements in EBITDAR and retail segment performance, with a focus on digital segment growth.
The company faces challenges in the interactive segment but anticipates improvements in 2024 through strategic initiatives.
Opportunities lie in expanding market reach, enhancing product offerings, and leveraging cross-selling between digital and retail segments.
Maintaining financial stability and liquidity while investing in growth initiatives sets a positive trajectory for Penn Entertainment in 2024.

PENN Entertainment's Q1 2024: Strong Digital Growth Amid Challenges

PENN Entertainment's Q1 2024 reflects strong digital progress, despite challenges like lower spend per user and margin decline in retail.
The company's strategic focus on user engagement, product enhancements, and market share scenarios positions them for future growth and success.
With a clear roadmap for the Interactive segment, PENN aims to drive towards breakeven in 2025 and strengthen its position in the online sports betting market.

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PENN Entertainment, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, Interactive, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor. The South segment operates properties including 1st Jackpot Casino, Ameristar Vicksburg, and Boomtown Biloxi. The West segment includes Ameristar Black Hawk, Cactus Pete's and Horseshu, and M Resort. The Midwest segment consists of properties including Ameristar Council Bluffs, Argosy Casino Alton, and Argosy Casino Riverside. The Interactive segment operates the online sports betting and casino applications. The Other segment manages properties including Freehold Raceway, Retama Park Racetrack, and Sanford-Orlando Kennel Club. The company was founded by Peter M. Carlino in 1982 and is headquartered in Wyomissing, PA.

PENN Entertainment's (PENN) partnership with the National Hockey League will enhance fan engagement and boost sports betting.

PENN Entertainment (PENN) to Drive Sports Betting With NHL

WYOMISSING, Pa. & AURORA, Ill.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for the future Hollywood Casino Aurora on November 29, 2023 at 2:45pm CT. The entirely new land-based casino, hotel and entertainment facility will replace the Company's nearby riverboat casino when completed. The $360 million regional destination is being developed adjacent to the Chicago Premium Outlets, which attracts o.

PENN Entertainment Announces Groundbreaking Ceremony for Relocated Hollywood Casino Aurora

WYOMISSING, Pa. & COLUMBUS, Ohio--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for a new hotel at Hollywood Casino Columbus on November 28, 2023 at 1pm ET. “We are thrilled to soon begin construction on a new, state-of-the-art hotel at Hollywood Casino Columbus,” said Jay Snowden, CEO and President of PENN Entertainment. “Since opening in 2012, our Columbus property has experienced tremendous growt.

PENN Entertainment Announces Groundbreaking Ceremony for New Hotel at Hollywood Casino Columbus

Penn Entertainment is particularly well positioned to capitalize on the United States' growing sports betting market. The long-term branding partnership with Walt Disney should accelerate Penn's growth.

Is Penn Entertainment Stock a Buy Now?

Disney

When your legacy franchise cable channel is struggling some after being the mainstay of cable sports since the beginning, making a considerable change, and embracing the now solidly legal and fast-growing sports gaming industry as a corporate entity, it makes a ton of sense to make a significant and potential game-changing deal.

Why ESPN BET Could Absolutely Crush DraftKings and Fan Duel

Shares of PENN Entertainment (PENN) jumped after Bank of America said Monday that the sports gambling operator has benefited greatly from its $1.5 billion acquisition in August of the rights to the famous ESPN sports brand owned by Walt Disney (DIS).

PENN Entertainment Shares Up as Popularity of New ESPN Bet App Prompts BoA Upgrade

ESPN Bet, the sportsbook created by PENN Entertainment, Inc., is topping the iOS app charts after its launch, indicating big-time consumer interest. ESPN Bet will be featured on tonight's (November 20th) Monday Night Football game between the Philadelphia Eagles and the Kansas City Chiefs, which may be the most viewed such game in history. PENN is likely to see success in the sports betting market due to the ESPN brand, PENN's casino industry experience, and timing their entry to when competitors are worn out.

PENN Entertainment: ESPN Bet Off To A Monster Start, Catching Wall Street Flat-Footed

PENN Entertainment Inc's ESPN Bet is dominating initial download activity and charts, proving it is cutting through to customers, according to BofA Securities analysts.  In a note to clients, they upgraded shares of the integrated entertainment, sports content, and casino gaming experiences company to ‘Buy' from ‘Neutral' and raised their price objective to $30 from $27, implying 22% upside from Friday's closing price.

PENN Entertainment analysts boost target price as ESPN Bet dominates

Shares of gambling enterprise Penn Entertainment (NASDAQ: PENN ) spiked higher against a soft opening backdrop on Wall Street. Catapulting sentiment was a Bank of America analyst, who upgraded PENN stock to a “buy” rating, citing a strong U.S. debut for ESPN Bet, a newly branded online sportsbook.

Penn Entertainment (PENN) Stock Gains on Analyst Upgrade

BofA Securities analyst Shaun Kelley upgrades Penn Entertainment to Buy from Neutral.

Penn Entertainment Stock Is Upgraded as ESPN Bet 'Dominating' Download Activity

Advanced Micro Devices

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SoFi Technologies

In the tumultuous sea of the stock market, navigating waves of uncertainty often demands a keen eye for resilient investment opportunities. Amid market dips and fluctuations, strategic choices can be the life raft that keeps portfolios afloat.

Bargain Bonanza: The Top 7 Stocks to Snap Up During Market Dips

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced that ESPN BET successfully launched in the 17 states across the U.S. where it offers online sports betting. The newly branded online sportsbook from PENN and ESPN is available for mobile wagering on iOS and Android, and via web at www.ESPNBET.com. In addition, PENN's online casino offering is now accessible within ESPN BET via mobile and web under the Hollywood Casino brand in Michigan,.

ESPN BET Now Live in 17 States

NEW YORK — ESPN Bet, a sports-gambling service rebranded with the name of the Disney-owned sports channel, launched Tuesday in 17 U.S. states.

Penn Entertainment launches its rebranded sports gambling service, ESPN Bet

DraftKings

DKNG stock climbs after DraftKings hikes outlook on rapid gambling growth. PENN stock rallies after ESPN Bet launch.

DKNG Stock: DraftKings Hoists Outlook On Rapid Growth; PENN Stock Rallies On ESPN Bet Launch

DETROIT--(BUSINESS WIRE)---- $PENN--As Penn Entertainment launches its new ESPN BET rebrand for its sports betting app, workers at Penn-operated Hollywood Casino at Greektown, located in downtown Detroit, are calling on wagerers to boycott the platform until they are no longer on strike. On Tuesday, Oct. 17, unionized casino workers at MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown launched a wall-to-wall strike affecting 3,700 casino workers, including dealers, cleaning staff, fo.

Detroit Casino Council: Ongoing Strike at Detroit Casino Clouds Much-Anticipated Launch of ESPN BET

We concur with the PENN management, in that its stock is currently undervalued compared to historical means, offering interested investors with the opportunistic chance to dollar cost average. On the one hand, the company faces declining profit margins as costs expand and its top-line moderates from the uncertain macroeconomic outlook. On the other hand, it is apparent that Mr. Market has discounted the prospects of ESPN Bet, despite the massive potential of new adoption and cross-selling across existing iCasino offerings.

PENN Entertainment: The Correction Is Almost Complete - Buy The ESPN Bet

The Barstool Sports acquisition that was supposed to drive Penn Entertainment's online gambling growth went up in flames earlier this year. Penn National is churning out cash from casinos, but there may be better-positioned companies in gambling.

Where Will Penn Entertainment Stock Be in 5 Years?

PENN Entertainment's (PENN) third-quarter revenues benefit from solid performance in the Interactive segment.

PENN Entertainment (PENN) Q3 Earnings & Revenues Top Estimates

Roundhill Sports Betting & iGaming ETF

The online gambling market is booming. In fact, the market is projected to hit $95 billion in revenue this year.

3 Top Performing Stocks in the Online Gambling Industry

PENN Entertainment, Inc. (NASDAQ:PENN ) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Joseph Jaffoni - JCIR Jay Snowden - President, CEO & Director Felicia Hendrix - EVP & CFO Todd George - EVP, Operations Conference Call Participants Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Merrill Lynch Barry Jonas - Truist Securities Brandt Montour - Barclays Bank Stephen Grambling - Morgan Stanley Daniel Politzer - Wells Fargo Securities Daniel Guglielmo - Capital One Securities Jason Tilchen - Canaccord Genuity Ryan Sigdahl - Craig-Hallum John DeCree - CBRE Securities Joseph Stauff - Susquehanna Financial Group David Katz - Jefferies Operator Greetings, and welcome to the Penn Entertainment Third Quarter 2023 Results Conference Call. [Operator Instructions].

PENN Entertainment, Inc. (PENN) Q3 2023 Earnings Call Transcript

The headline numbers for PENN Entertainment (PENN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PENN Entertainment (PENN) Reports Q3 Earnings: What Key Metrics Have to Say

Boyd Gaming

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Wynn Resorts

If the economy is headed for a slowdown or recession, as many analysts expect, you might instantly think about doubling down on casino stocks. Boyd Gaming Corp. NYSE: BYD, Caesars Entertainment Inc. NASDAQ: CZR, Penn Entertainment Inc. NASDAQ: PENN and Wynn Resorts Ltd.

Can casino stocks win big if economy slows?

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Pennsylvania National Mutual Casualty Insurance Company (Penn Mutual), its subsidiaries, Penn National Security Insurance Company and Founders Insurance Company, and its mutual company affiliate, Partners Mutual Insurance Company (Waukesha, WI), collectively referred to as Penn National Insuran.

AM Best Upgrades Credit Ratings of Members of Penn National Insurance Companies

Penn Entertainment's launch of ESPN Bet creates a strong investment opportunity. Despite revenue growth, Penn's financials show potential operational challenges.

Is Penn Entertainment Stock a Screaming Buy Ahead of the ESPN Bet Launch?

MGM Resorts

Casino workers in Detroit are seeking higher wages and better working conditions as the cost of living has increased in recent years.

News for Penn Entertainment Stock (PENN)