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AI brief of an SEC Form 8-K · Penn Entertainment (PENN)

PENN Q3 revenue rises to $1.64 billion; adjusted EBITDAR falls to $348.4 million

Mixed Impact 3 of 5 earnings Written later

PENN Entertainment reported third-quarter 2024 revenue of $1,639.2 million, up from $1,619.4 million a year earlier, and a net loss of $37.5 million, versus a $725.1 million loss in the prior-year quarter that included a $923.2 million loss on the Barstool disposal. Adjusted EBITDAR fell to $348.4 million from $445.1 million, and adjusted EPS was a loss of $0.25 compared with earnings of $1.21, so the headline profit measures weakened on a year-over-year basis. The filing gives no new guidance.

Key points

  • Total revenues of $1,639.2 million, up from $1,619.4 million for the three months ended September 30, 2023
  • Net loss of $37.5 million, or $(0.24) per diluted share, compared with a net loss of $725.1 million, or $(4.80) per share, a year earlier
  • Adjusted EBITDAR of $348.4 million, down from $445.1 million; Interactive segment adjusted EBITDA loss of $90.9 million
  • Total liquidity of $1.8 billion as of September 30, 2024, including $834.0 million in cash and cash equivalents

The filing

CompanyPenn Entertainment (PENN)
Form8-K, current report
Filed with the SECNov 7, 2024, 7:00 AM ET
Accession number0000921738-24-000035

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.