Penn Entertainment reported revenue of $1.4 billion for the first quarter of 2025. Net income was $111.5 million, while adjusted EBITDAR reached $392.2 million, compared with $256.2 million in the same quarter of 2024. Chief executive Jay Snowden said severe weather reduced adjusted EBITDAR by at least $10 million.
Penn’s results show quarterly performance, while severe weather reduced adjusted EBITDAR, informing investor assessments.
Quarter ended 30 September 2026
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Penn Entertainment reported first-quarter revenue of $1.4bn and segment Adjusted EBITDAR of $471.4m. Its interactive segment generated $358.3m in revenue and an Adjusted EBITDA loss of $20m, which the company attributed to launching theScore Bet in Alberta. CEO Jay Snowden said the company remained focused on its planned 13 July launch in the province.
Penn Entertainment reported fourth-quarter revenue of $1.4bn and adjusted EBITDAR of $456.4m. Chief executive Jay Snowden said the company expects lower recurring maintenance capital expenditure and forecast growth in net gaming revenue, primarily driven by igaming.
Penn Entertainment reported fourth-quarter revenue of $1.67bn, up from $1.4bn a year earlier, and a net loss of $133.8m. Its Interactive segment recorded $275m in revenue and an adjusted EBITDA loss of $109.8m; chief executive Jay Snowden said Penn could reduce costs tied to its ESPN agreement if performance falls short.
PENN Entertainment plans to increase its lobbying activity in Texas after the US midterm elections, chief executive Jay Snowden said during the company’s third-quarter earnings call. He said the company was prepared to expand its presence as legalisation discussions develop, but election results do not ensure legislation will advance. Texas would need a constitutional amendment approved by two-thirds of both legislative chambers and then a statewide vote to legalise casino gambling or sports betting.
PENN Entertainment intends to intensify its Texas lobbying after the U.S. midterm elections, chief executive Jay Snowden said. The company was also prepared to expand its presence as gambling legalisation talks progress, following decades of investment in the state.
Penn Entertainment chief executive Jay Snowden said the company is not prioritising acquisitions, with debt reduction, possible share repurchases and recently completed and planned growth projects ahead of deal-making. He said any acquisition would need to offer a high implied free-cash-flow return, limited risk and strategic value; Snowden also said Penn could consider returning to Las Vegas in the future.