PENN Entertainment beats Q2 revenue estimates, loss narrows

PENN Entertainment

07/08/2025 12:12

Overview

PENN Q2 revenue rises to $1.765 bln, beating analyst expectations, per LSEG data

Adjusted EBITDA for Q2 misses consensus, despite record gaming revenue in Interactive segment

Net loss narrows to $18.3 mln from $27.1 mln

Company repurchased $115.3 mln shares, aiming for $350 mln by year-end

Outlook

Company to open new Hollywood Casino in Joliet on Aug. 11

PENN to repurchase at least $350 mln of shares in 2025

Company enhances ESPN BET with new features like Player Insights

PENN's development projects remain on budget and on schedule

Result Drivers

INTERACTIVE GROWTH - Record gaming revenue in online sports betting and iCasino driven by product enhancements and omnichannel ecosystem

STABLE DEMAND - Core business saw stable customer demand with 4% revenue growth in areas not impacted by new supply

PLAYER ENGAGEMENT - Online-to-retail player count and theoretical revenue grew year-over-year by 8% and 28%, respectively

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.76 bln
$1.73 bln (17 Analysts)
Q2 EPS
-$0.12
Q2 Net Income
-$18.30 mln
Q2 Adjusted EBITDA
Miss
$236.10 mln
$393.30 mln (17 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy"

Wall Street's median 12-month price target for PENN Entertainment Inc is $22.00, about 22.6% above its August 6 closing price of $17.02

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw5xRzQqa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)