PENN reports $1.77bn in second-quarter revenue as interactive losses narrow
PENN Entertainment reported second-quarter revenue of $1.77 billion, ahead of the $1.73 billion estimate cited in the report. Its interactive segment generated $316.1 million in revenue, up 35.9% year on year, while adjusted EBITDA showed a $62 million loss, an improvement from a $102.8 million loss a year earlier.
PENN’s interactive revenue is growing, but its adjusted EBITDA loss shows profitability remains a key operating challenge.