Companies /Consumer Cyclical

PENN Entertainment Inc

NASDAQ: PENN Resorts & Casinos
$17.08
▲ $0.01 (+0.03%) today
Markets open · 3:37pm ET

Q2 2025 Earnings

Reported Aug 7, 2025, 7:00am ET · SEC source
$0.10
Beat +1,392.54%
EPS · est. $0.01
$1.8B
Beat +1.88%
Revenue · est. $1.7B
+15.7%
Beating market
PENN vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0Aug 7Aug 8report 7:00am ETearnings−0.0%−2.2%
−4%−2%0Aug 7Aug 8earnings−0.0%−2.2%
PENN −2.2%S&P 500 −0.0%
−4%−2%0Aug 7Aug 8report 7:00am ETearnings+0.3%−2.2%
−4%−2%0Aug 7Aug 8earnings+0.3%−2.2%
PENN −2.2%NASDAQ +0.3%
−4%0+4%Aug 6Aug 15report 7:00am ETearnings+1.6%+5.1%
−4%0+4%Aug 6Aug 15earnings+1.6%+5.1%
PENN +5.1%S&P 500 +1.6%
−4%0+4%Aug 6Aug 15report 7:00am ETearnings+1.6%+5.1%
−4%0+4%Aug 6Aug 15earnings+1.6%+5.1%
PENN +5.1%NASDAQ +1.6%
−0.59%
Day of report
+0.24%
Next session
+6.26%
One week
+18.56%
30 days

S&P 500 over the same 30 days: +2.86%.

Did PENN Beat Earnings? Q2 2025 Results

PENN Entertainment delivered a notably strong second quarter, with adjusted EPS of $0.10 clearing the $0.01 consensus estimate by 1,392.54% and total revenue of $1.76 billion arriving 1.88% above expectations, up 6.1% year-over-year from $1.66 billion. The primary engine behind the beat was a resurgent Interactive segment, which posted record gaming revenue in both online sports betting and iCasino, with segment revenues climbing 35.9% to $316.10 million, even as the division continued to narrow its Adjusted EBITDA loss to $62.00 million from $102.80 million a year ago. Retail properties provided a steady foundation, generating $489.60 million in Adjusted EBITDAR at a 33.8% margin, while consolidated Adjusted EBITDA rose to $236.10 million. <a href="https://247wallst.com/investing/2025/07/18/stock-market-live-july-18-sp-500-voo-hitting-higher-highs-on-positive-earnings-reports/">Broader earnings momentum</a> also supported sentiment around the results. Looking ahead, the company's new $185 million Hollywood Casino Joliet opened ahead of schedule, and PENN reiterated its commitment to repurchase at least $350 million in shares during 2025.

Key Takeaways
  • Record gaming revenue in both online sports betting and iCasino in the Interactive segment
  • Properties not impacted by new supply grew revenue by nearly 4% year-over-year
  • Theoretical revenue growth across all rated age and worth segments
  • Positive trends in unrated play, visitation, and spend per visit
  • Online-to-retail player count grew 8% and theoretical revenue grew 28% year-over-year
  • Strong year-over-year flow through from operational discipline in the Interactive segment

“PENN's diverse portfolio of retail properties delivered another solid quarter. Our Interactive segment generated record gaming revenue in both online sports betting and online casino, driven by ongoing product enhancements and the advantages of our unique omnichannel ecosystem.”

Penn Entertainment CEO, on the earnings call

Forward Guidance & Outlook

PENN reiterated its commitment to repurchase at least $350 million of shares in 2025 and highlighted the upcoming opening of the new Hollywood Casino in Joliet on August 11, 2025 (subject to regulatory approvals). The remainder of its development projects remain on budget and on schedule. The company continues to invest in its Interactive segment through product enhancements such as Player Insights and the upcoming FanCenter launch for the football season, leveraging its ESPN ecosystem connectivity.

PENN YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$500.0M$1.0B$1.5B$1.7B$1.8BRevenue$74.5M$77.5MOperating Income$-13,893,107$-18,300,000Net Income
$0$500.0M$1.0B$1.5BRevenueOperating IncomeNet Income

PENN Revenue by Segment

Northeast$711.6M
Interactive$316.1M
Midwest$297.0M
South$302.2M
West$137.7M

Figures from SEC filings and company reports. Not investment advice.