PENN Entertainment Q1 revenue rises to $1.78 billion; net loss of $2.8 million
PENN Entertainment reported first-quarter 2026 revenue of $1.78 billion, up from $1.67 billion a year earlier, and Consolidated Adjusted EBITDA of $265.8 million, up from $173.3 million. The company posted a net loss of $2.8 million, or $(0.02) per diluted share, compared with net income of $111.5 million, or $0.68 per diluted share, a year earlier, when results included a $215.1 million gain on a financing arrangement. For shareholders, higher revenue and EBITDA are offset by a swing to a net loss, which the company ties partly to settlement, legal, and transaction costs.
Key points
- Revenues of $1,779.1 million, up from $1,672.5 million; Interactive segment revenues of $358.3 million.
- Net loss of $2.8 million and diluted loss of $(0.02) per share, versus net income of $111.5 million and $0.68 per diluted share in Q1 2025.
- Adjusted EPS of $0.11, versus $(0.25) a year earlier; transaction costs and other added $0.10 per share.
- On March 16, 2026, the company issued $600.0 million of 6.75% notes due 2031; on April 16, 2026, it amended its credit agreement to refinance its $1.0 billion revolving credit facility.
The filing
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 April 23, 2026.
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.