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Penn reports $1.4bn first-quarter revenue as interactive losses reach $20m

Results

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’s results show the revenue and launch-related losses investors can track as it enters Alberta.

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Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

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Deals & M&A

Penn Entertainment puts acquisitions behind deleveraging and projects

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.

Penn Entertainment says pursuing deals is not a top priority, and CEO Jay Snowden listed several alternatives that come first. The regional casino operator reported third-quarter results, and Snowden discussed those priorities on its conference call with analysts.

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