Penn Entertainment chief executive Jay Snowden bought 54,200 company shares on 3 September for $1m, according to a filing. The purchase brought his stake to 853,045 shares; the source said the filing did not include an official comment from Snowden on the purchase.
The disclosed purchase adds a material shareholding change for investors assessing Penn Entertainment.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
PENN Entertainment reported consolidated revenue of $1.84bn for the third quarter of 2026, up from $1.72bn a year earlier, and net income of $32.6m. Its Interactive segment recorded $348.4m in revenue and an adjusted EBITDA loss of $18.3m, compared with a $76.6m loss in Q3 2025.
PENN Entertainment reported Q3 2026 revenue of $1.84bn, up 7.1% from $1.72bn a year earlier. Net income was $32.6m, or $0.24 per diluted share, compared with a net loss of $865.1m, or $6.03 per share, in Q3 2025. Consolidated adjusted EBITDA rose to $284m from $194.9m.
PENN Entertainment CEO Jay Snowden said on a third-quarter earnings call that the company plans to increase lobbying in Texas for gambling expansion. PENN operates two thoroughbred racetracks in the state and said it is prepared to advocate for any proposals that emerge.
Penn Entertainment CEO Jay Snowden said election results could improve prospects for gaming proposals in Texas, Georgia, Pennsylvania and Missouri. He described the outcome as positive for Penn and the industry, while noting that the effect of Pennsylvania’s October skill-games shutdown on revenue growth in the state remained uncertain.
Penn Entertainment reported third-quarter results on 5 November, with revenue of $1.5 billion, the company said. Adjusted EBITDAR was $501.8 million, while its interactive business recorded revenue of $348.4 million and an Adjusted EBITDA loss of $18.3 million.
PENN Entertainment reported third-quarter revenue of $1.84bn for the period ending 30 September, up 7.1% year on year. Adjusted EBITDA rose 45% to $284m, while net income was $32m; interactive revenue reached $348.4m, compared with $297.7m a year earlier. CEO Jay Snowden said Alberta operations launched during the quarter and cited growth in the company’s Canadian and US online businesses.