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Q4 25 EPS
$0.07
BEAT +143.78%
Est. $-0.16
Q4 25 Revenue
$1.81B
BEAT +2.63%
Est. $1.76B
vs S&P Since Q4 25
+42.7%
BEATING MARKET
PENN +51.7% vs S&P +8.9%
Full Year 2025 Results
FY 25 EPS
$-5.83
MISS 147.53%
Est. $-2.36
FY 25 Revenue
$6.96B
BEAT +0.70%
Est. $6.91B
Market Reaction
Did PENN Beat Earnings? Q4 2025 Results
PENN Entertainment delivered a notable earnings beat in Q4 2025, posting adjusted EPS of $0.07 against a consensus estimate of negative $0.07, a 195.50% positive surprise that underscored the company's accelerating operational turnaround. Revenue cli… Read more PENN Entertainment delivered a notable earnings beat in Q4 2025, posting adjusted EPS of $0.07 against a consensus estimate of negative $0.07, a 195.50% positive surprise that underscored the company's accelerating operational turnaround. Revenue climbed 8.2% year-over-year to $1.81 billion, edging past the $1.76 billion analyst estimate, as the Interactive segment emerged as the quarter's defining force, with online sportsbook revenue surging 73% and iCasino growing 40% following the U.S. Rebranding to theScore Bet. The segment's adjusted EBITDA loss narrowed sharply to $39.90 million from $109.80 million a year ago, with the unit achieving positive adjusted EBITDA in December alone, a milestone that has drawn renewed investor attention and contributed to a sharp post-earnings rise in the stock. Retail operations also held steady, delivering $456.40 million in segment adjusted EBITDAR at 32.3% margins despite roughly $7.00 million in weather-related headwinds. Looking ahead, management is targeting 20% segment adjusted EBITDAR growth in 2026, with the Interactive segment expected to reach break-even adjusted EBITDA and new properties in Joliet and Las Vegas adding incremental lift.
Key Takeaways
- • Record Interactive segment gaming revenue driven by iCasino growth of 40% and online sportsbook growth of 73% year-over-year
- • Successful rebranding of U.S. online sportsbook to theScore Bet with positive adjusted EBITDA in December
- • Regional retail strength in Ohio, St. Louis, and L'Auberge Lake Charles
- • Year-over-year growth in theoretical revenue across all rated worth and age segments
- • Older demographics and VIP play contributing meaningfully to retail results
- • New M Resort hotel tower capturing previously unmet demand
- • Hollywood Casino Joliet delivering strong results from new and reactivated customers
PENN YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
PENN Revenue by Segment
With YoY comparisons, source: SEC Filings
“PENN's diversified retail portfolio delivered a solid quarter during which retail adjusted EBITDAR grew year-over-year, after adjusting for poor weather in December. In our Interactive segment, we successfully rebranded our U.S. online sportsbook to theScore Bet® and achieved positive adjusted EBITDA in December driven by iCasino momentum, disciplined cost management, and strong online sports betting hold rates.”
— Jay Snowden, Q4 2025 Earnings Press Release
PENN Earnings Trends
PENN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PENN EPS Trend
Earnings per share: estimate vs actual
PENN Revenue Trend
Quarterly revenue: estimate vs actual
PENN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.02 | $0.11 | +433.98% | $1.78B | +1.71% |
| Q4 25 BEAT FY | $-0.16 | $0.07 | +143.78% | $1.81B | +2.63% |
| FY Full Year | $-2.36 | $-5.83 | -147.53% | $6.96B | +0.70% |
| Q3 25 MISS | $-0.03 | $-0.22 | -633.33% | $1.72B | -0.57% |
| Q2 25 BEAT | $0.01 | $0.10 | +1,392.54% | $1.77B | +1.88% |
| Q1 25 MISS | $-0.07 | $-0.25 | -257.14% | $1.67B | -1.75% |