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Penn National Gaming (PENN)
NASDAQ:PENN
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.18Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 1.91%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
PENN Entertainment's earnings call highlighted resilience and growth in both retail and interactive segments despite challenges. Weather and one-time accounting benefits impacted results, but the company showed strong cash flow management, strategic investments, and promising trends in their core and interactive segments.Company Guidance
During the PENN Entertainment First Quarter 2025 Earnings Call, several metrics and financial highlights were shared. The company reported retail revenue of $1.4 billion, adjusted EBITDA of $457 million, and adjusted EBITDA margins of 33.1%. Severe weather challenges impacted the quarter, reducing adjusted retail EBITDAR by at least $10 million. Despite this, gaming revenue rebounded, with March and April showing promising trends. The CEO, Jay Snowden, highlighted the opening of a new Hollywood casino in Council Bluffs, Iowa, with construction expected to take 18 to 24 months. The company also noted strong engagement from its VIP and mid-worth customer segments and a growing database of over 32 million members. Interactive segment performance was affected by sports-betting outcomes, leading to a $10 million EBITDA impact. However, significant improvements were seen with year-over-year increases of 21% in retail and 165% in online theoretical play in Pennsylvania. The company remains on-track with its four growth projects, maintaining guidance for 2025 with expectations of positive interactive EBITDA in 2026.Resilience in Retail Gaming
Despite severe weather challenges, gaming volumes rebounded nicely in March, continuing through April and into May, with a notable weekend performance being the second-best of the year.
Success in Interactive Segment
The Interactive segment saw record gaming revenue and year-over-year improvements in adjusted revenue and EBITDA, despite a $10 million EBITDA impact from customer-friendly sports-betting outcomes.
Positive Trends in Core Segments
Rated play increased in Q1 and continued into April and May, with increased spend per visit. The VIP segments saw increased visitation and spend per visit.
Strong Cash Position and Deleveraging
The company ended Q1 with $1.5 billion in liquidity, de-levered in the quarter, and expects to continue deleveraging throughout 2025.
Strategic Investments and Growth Projects
Four growth projects remain on-budget and on-schedule, with a strategic new land-based Hollywood casino planned in Council Bluffs, Iowa.
Stand-Alone iCasino App Success
The stand-alone Hollywood iCasino app showed strong results, with 70% of theoretical revenue coming from incremental sources.
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PENN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PENN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $15.71 | $15.29 | -2.67% |
Feb 27, 2025 | $20.41 | $20.39 | -0.10% |
Nov 07, 2024 | $19.23 | $20.22 | +5.15% |
Aug 08, 2024 | $17.26 | $18.72 | +8.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Penn National Gaming (PENN) report earnings?
Penn National Gaming (PENN) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Penn National Gaming (PENN) earnings time?
Penn National Gaming (PENN) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PENN EPS forecast?
PENN EPS forecast for the fiscal quarter 2025 (Q2) is -0.03.
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