<\/p>\n
Penn Entertainment posted revenue of $1.4 billion in the second quarter, comparable to the $1.3 million revenue in the same time period of 2024.<\/span><\/p>\n Jay Snowden, Penn Entertainment CEO, said the revenue figures were \u201csolid\u201d in a release Thursday morning.<\/span><\/p>\n \u201cCustomer demand in our core business was stable as properties not impacted by new supply grew revenue by nearly 4% year-over-year,\u201d Snowden said. \u201cProperty-level performance was highlighted by theoretical revenue growth across all rated age and worth segments, as well as positive trends in unrated play, visitation, and spend per visit.\u201d\u00a0<\/span><\/p>\n Snowden added that \u201comnichannel engagement continues to benefit our results, with online to-retail player count and theoretical revenue growing year-over-year by 8% and 28%, respectively.\u201d<\/span><\/p>\n Adjusted EBITDA was $236.1 million, compared to $212.1 million for the same period in 2024.<\/span><\/p>\n Net loss for the quarter was $18.3 million, compared to a loss of $27.1 million in second quarter 2024.<\/span><\/p>\n Penn repurchased<\/span> 5,835,467 shares of its common stock in open market transactions for $90.3 million in the second quarter, at an average price of $15.47 per share.\u00a0<\/span><\/p>\n Penn Entertainment closed at $17.02 Wednesday, a loss of $0.37, or 2.13%. Segment Adjusted EBITDAR (Adjusted EBITDA plus rent expense associated with triple net operating leases) totaled $392.1 million for the quarter, compared to $367 million in second quarter 2024.<\/p>\n \u201cThe slightly better than expected land-based business coupled with the wider than expected loss in digital are generally offsetting and neutral for the shares, in our view,\u201d Jefferies analyst David Katz wrote in a release Thursday. \u201cThe forthcoming catalyst pattern of new land-based projects coming online and expected progress in digital are reasonable to expect, but not yet enough to move the shares meaningfully higher.\u201d<\/span><\/p>\n<\/p><\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source cdcgaming.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Penn Entertainment posted revenue of $1.4 billion in the second quarter, comparable to the $1.3 million revenue in the same time period of 2024. Jay Snowden, Penn Entertainment CEO, said the revenue figures were \u201csolid\u201d in a release Thursday morning. \u201cCustomer demand in our core business was stable as properties not impacted by new supply […]<\/p>\n","protected":false},"author":2,"featured_media":1946513,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[26192,176147],"class_list":["post-1946512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-earnings","tag-penn-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/08\/Penn-Entertainment-revenue-for-second-quarter-was-solid-CEO-says.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1946512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=1946512"}],"version-history":[{"count":0,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1946512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/1946513"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=1946512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=1946512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=1946512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}