Penn reports $316.1m interactive revenue and $62m adjusted EBITDA loss
Penn Entertainment reported record interactive revenue of $316.1m for the three months ended 30 June 2025, including a $137.9m tax gross-up. The segment recorded an adjusted EBITDA loss of $62m, which the company said partly reflected $2.9m in severance costs. Penn said online sports betting and casino revenue rose, while cross-channel players increased 8% year on year and their theoretical revenue grew 28%.
Record interactive revenue and rising cross-channel player metrics accompany a substantial segment loss for Penn.