PENN Entertainment, Inc. (PENN) reported a narrower-than-expected loss in second-quarter 2024 results. The top and the bottom line surpassed the Zacks Consensus Estimate but declined on a year-over-year basis. PENN's quarterly performance was hampered by disappointing results from its South and Interactive segments. However, improved top-of-funnel growth, better risk management and enhanced promotional strategies led to stronger-than-expected revenues and Adjusted EBITDA in the Interactive segment. The comp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-24206 PENN Entertainment, Inc. (Exact name of registrant as specified in its charter) Penn ...

PENN Entertainment, Inc. (NASDAQ:PENN) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Joseph N. Jaffoni - Investor Relations Jay Snowden - Chief Executive Officer and President Felicia Hendrix - Executive Vice President, Chief Financial Officer Todd George - Executive Vice President, Operations Aaron LaBerge - Chief Technology Officer Conference Call Participants Carlo Santarelli - Deutsche Bank Joe Stauff - Susquehanna Brandt Montour - Barclays Joe Greff - JPMorgan Barry Jo ...

For the quarter ended June 2024, PENN Entertainment (PENN) reported revenue of $1.66 billion, down 0.7% over the same period last year. EPS came in at -$0.18, compared to $0.48 in the year-ago quarter. The reported revenue represents a surprise of +0.86% over the Zacks Consensus Estimate of $1.65 billion. With the consensus EPS estimate being -$0.27, the EPS surprise was +33.33%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

PENN Entertainment (PENN) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this casino operator would post a loss of $0.59 per share when it actually produced a loss of $0.79, delivering a surprise of -33.90%. Over the last four quarters, the co ...

Exhibit 99.1 PENN Entertainment Reports Second Quarter Results WYOMISSING, PA (August 8, 2024) - PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) today reported financial results for the three and six months ended June 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "Our retail properties delivered solid results this quarter as our best-in-class team of operators continues to execute across our diverse portfolio of market leading assets. In our Interactive segment, top-o ...

Integrated gaming provider Penn Entertainment (NASDAQ:PENN) — which provides sports content and casino experiences — saw its shares decline conspicuously on Thursday. Earlier in the day, the company announced that it would initiate job cuts to support growth for its sportsbook partnership, ESPN Bet. However, the lack of business momentum has many investors jittery about the broader implications behind the Penn Entertainment layoffs. Per CNBC, Penn employs about 20,000 people. On paper, then, the Penn Entert ...

The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. CEO Jay Snowden told staff members in an internal email that the changes will enhance operational efficiencies following its 2021 acquisition of Canadian media and gaming powerhouse theScore. "When PENN acquired theScore, we hit the ground running with the build-out of our proprietary tech stack and the migration of our sportsbook to theScore's best-in-class-platform," Snowden wrote in the memo, which was seen by CNBC. "T ...

Erin Chamberlin joins Topgolf as Chief Operating Officer on July 22Erin Chamberlin joins Topgolf as Chief Operating Officer on July 22 Chamberlin comes to Topgolf with over 20 years of progressive experience operating large, consumer-facing organizations in highly competitive markets. During her time at PENN, Erin oversaw operational responsibility for nine of the company's network of casinos across the country, supervised PENN's horse racing operations and was the Chair of PENN Women resource group. Prior ...

Loading... After previously launching its sportsbook with Barstool Sports as Barstool Sportsbook, Penn sold the brand back to founder Dave Portnoy. It also announced a 10-year licensing agreement with The Walt Disney Company DIS for the ESPN brand to be used for a sportsbook. The reported buyout interest from Flutter and Boyd has led to Penn shares trading higher over the last month. The chart from Benzinga Pro below shows Penn shares up 13.5% over the last month. Penn Entertainment is larger than Boyd when ...