PENN Entertainment reported higher revenue in Q3 2026. The PENN Q3 results showed growth in retail and online gambling. The company operates casinos, sportsbooks and online gaming platforms.
- Revenue and earnings: Revenue increased 7% to USD 1.84bn (ca. EUR 1.65bn). Consolidated adjusted EBITDA rose 46% to USD 284m (ca. EUR 254m). Net income reached USD 32.6m (ca. EUR 29m), compared with a USD 865m loss.
- Retail business: Revenue reached USD 1.5bn (ca. EUR 1.34bn). Adjusted EBITDAR totalled USD 501.8m (ca. EUR 449m), with a margin of 33.7%. CEO Jay Snowden said: “Our Retail segment delivered better than expected revenue and Adjusted EBITDAR results.”
- Online business: Interactive revenue increased 17% to USD 348.4m (ca. EUR 312m), including tax gross-up. Adjusted EBITDA loss narrowed to USD 18.3m (ca. EUR 16m). The PENN Q3 results reflected growth in US iCasino and Canadian online gambling.
- Financial position: PENN reported USD 2.0bn (ca. EUR 1.79bn) in available liquidity, including USD 1.0bn (ca. EUR 896m) in cash. Traditional net debt stood at USD 1.8bn (ca. EUR 1.61bn).
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