Quarterly ResultApr 29, 2026, 04:42 PM
PENN Q1 Revenue +6.4% to $1.78B; Net Loss $(2.3)M
AI Summary
PENN Entertainment reported a 6.4% increase in total revenues to $1.78 billion for Q1 2026, driven by strong performance in its Interactive segment. Despite a significant rise in operating income, the company posted a net loss of $(2.3) million, compared to a net income of $111.8 million in Q1 2025, primarily due to the absence of a prior-year gain on a financing arrangement. Net cash provided by operating activities surged by 192.1% to $122.4 million, and the company also refinanced significant debt post-quarter end.
Key Highlights
- Total revenues increased 6.4% to $1.78 billion in Q1 2026 from $1.67 billion in Q1 2025.
- Net loss attributable to PENN was $(2.3) million, compared to net income of $111.8 million in Q1 2025.
- Basic loss per share was $(0.02), down from basic earnings per share of $0.73 in Q1 2025.
- Interactive segment revenue grew 23.5% to $358.3 million.
- Net cash provided by operating activities rose 192.1% to $122.4 million.
- Issued $600.0 million of 6.75% senior unsecured notes due 2031 to repay revolving credit.
- Post-quarter, refinanced and extended $1.45 billion in credit facilities to April 2031.
Price Impact
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