PENN Entertainment Q4 revenue beats estimates, EBITDA misses

PENN Entertainment

26/02/2026 12:15

Overview

Gaming and entertainment firm's Q4 revenue rose, beating analyst expectations

Adjusted EBITDA for Q4 missed analyst estimates

Company achieved positive adjusted EBITDA in December for Interactive segment

Outlook

PENN expects 20% growth in segment adjusted EBITDAR for 2026

Company aims for break-even adjusted EBITDA in Interactive segment in 2026

PENN plans to reduce lease adjusted net leverage by over 1 turn in 2026

Result Drivers

RETAIL GROWTH - Retail adjusted EBITDAR grew year-over-year, despite poor weather in December, with regional strength in Ohio and St. Louis

INTERACTIVE REVENUE - Record Interactive segment gaming revenue driven by iCasino and online sportsbook growth

COST MANAGEMENT - Positive adjusted EBITDA in December for Interactive segment attributed to disciplined cost management

Company press release: ID:nBw9CJ8bCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.81 bln
$1.76 bln (18 Analysts)
Q4 EPS
-$0.55
Q4 Net Income
-$73.40 mln
Q4 Adjusted EBITDA
Miss
$225.80 mln
$390.86 mln (16 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 10 "hold" and 1 "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 $18.00, about 43.5% above its February 25 closing price of $12.54

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

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.)