Quarterly ResultApr 29, 2026, 04:41 PM
PENN Q1 Net Loss $(2.3)M; Revenue +6.4%; $600M Notes Issued
AI Summary
PENN Entertainment reported a net loss attributable to the company of $(2.3) million, or $(0.02) per share, for Q1 2026, a significant decline from $111.8 million in Q1 2025. Total revenues increased by 6.4% to $1.78 billion, and operating income surged by 126.9% to $97.1 million. The company also issued $600.0 million in 6.75% senior unsecured notes and subsequently refinanced and extended its Amended Revolving Credit Facility and Amended Term Loan A Facility.
Key Highlights
- Net loss attributable to PENN Entertainment, Inc. was $(2.3)M, down from $111.8M YoY.
- Total revenues increased 6.4% to $1.78B from $1.67B YoY.
- Operating income surged 126.9% to $97.1M from $42.8M YoY.
- Issued $600.0M of 6.75% senior unsecured notes due 2031.
- Refinanced and extended Amended Revolving Credit Facility and Term Loan A.
- Net cash provided by operating activities rose 192.1% to $122.4M.
- Interactive segment revenue grew 23.5% to $358.3M.
- West segment revenue increased 12.4% to $145.8M.