Quarterly ResultAug 6, 2026, 07:07 AM
PENN Entertainment Q2 Net Income $32.6M; Revenue $1.86B
AI Summary
PENN Entertainment reported strong second-quarter 2026 financial results, with net income reaching $32.6 million, a substantial turnaround from a loss in the prior year. Revenues increased to $1.86 billion, driven by record performance in the Retail segment and continued improvement in the Interactive segment. The company also enhanced its financial position by repaying debt and refinancing credit facilities, contributing to a positive outlook.
Key Highlights
- Net income was $32.6 million, a significant improvement from a $18.3 million loss in Q2 2025.
- Total revenues increased to $1.86 billion, up from $1.77 billion in Q2 2025.
- Diluted EPS turned positive at $0.24, compared to $(0.12) in the prior year quarter.
- Consolidated Adjusted EBITDA grew to $312.6 million, up $52.5 million year-over-year.
- Retail segment achieved record revenues of $1.5 billion and Adjusted EBITDAR of $517.2 million.
- Interactive segment's Adjusted EBITDA loss improved to $9.5 million from $62.0 million in Q2 2025.
- Total liquidity stood at $1.9 billion, with traditional net debt at $1.9 billion as of June 30, 2026.
- Repaid $106.7 million of Convertible Notes and refinanced credit facilities.
Price Impact
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