PENN Entertainment Q2 revenue meets estimates on retail segment strength

PENN Entertainment

06/08/2026 12:15

Overview
US casino and online gaming operator's Q2 revenue was flat, meeting analyst expectations
Q2 adjusted EBITDA missed analyst expectations
Company reported record retail segment revenues and improved profitability from new projects

Outlook
Company says positive trends in Retail and Interactive segments continued through July
PENN says Interactive segment remains on track to deliver previously stated goals
Company continues to focus on EBITDAR growth, optimizing overhead, cash flow, and deleveraging

Result Drivers
RETAIL SEGMENT STRENGTH - Co said record retail segment revenues were driven by broad-based consumer demand, with nine properties setting Q2 records and contributions from mid- and high-worth customer segments as well as growth in unrated revenue
NEW DEVELOPMENTS - Recently completed development projects, including new hotel tower at Hollywood Columbus and Hollywood Casino Aurora, contributed to retail segment performance, with early trends showing strong VIP visitation
INTERACTIVE SEGMENT IMPROVEMENT - Interactive segment delivered year-over-year adjusted EBITDA improvement, supported by growth in U.S. iCasino and Canadian operations, and new product launches in Alberta

Company press release: ID:nBw7HmW7sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Meet
$1.86 bln
$1.86 bln (16 Analysts)
Q2 EPS
 
$0.24
 
Q2 Net Income
 
$32.60 mln
 
Q2 Consolidated  Adjusted EBITDA
Miss
$312.60 mln
$455.99 mln (12 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "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 $24.00, about 22.3% above its August 5 closing price of $19.62
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 4 - Wynn Resorts Q2 revenue and adjusted EPS beat estimates on Macau strength
Aug 4 - Red Rock Resorts Q2 revenue falls on Las Vegas weaker operations
Aug 4 - Accel Entertainment Q2 revenue beats estimates, helped by Illinois performance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)