Penn Entertainment, Inc. income statement
In fiscal 2025, Penn Entertainment, Inc. reported revenue of $6.96bn, up 5.8% on the year before, operating income of −$674m (a -9.7% margin) and net income of −$843m, or −$5.83 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,369 | 2,459 | 2,742 | 2,689 | 2,778 | 2,591 | 2,838 | 3,034 | 3,148 | 3,588 | 5,301 | 3,579 | 5,905 | 6,402 | 6,363 | 6,578 | 6,961 | 7,160 |
| General and administrative | 403 | 411 | 424 | 505 | 516 | 446 | 449 | 462 | 515 | 619 | 1,188 | 1,131 | 1,353 | 1,110 | 1,563 | 1,568 | 1,634 | 1,689 |
| Operating income | −195 | 153 | 500 | 397 | −424 | 257 | 468 | 543 | 446 | 634 | 572 | −410 | 1,060 | 974 | −690 | 73 | −674 | −565 |
| Interest expense | 135 | 130 | 100 | 82 | 160 | 425 | 443 | 459 | 467 | 539 | 536 | 546 | 567 | 760 | 470 | 487 | 448 | 436 |
| Provision for credit losses | — | — | — | — | — | — | — | — | 64 | — | — | — | — | — | — | — | — | — |
| Income before tax | — | — | 389 | 325 | −626 | −153 | 57 | 121 | −25 | 90 | 86 | −834 | 539 | 175 | −500 | −341 | −821 | −922 |
| Income tax | −60 | 66 | 147 | 137 | −34 | 31 | 56 | 11 | −499 | −4 | 43 | −165 | 119 | −46 | −8 | −28 | 25 | −14 |
| Net income | −265 | −59 | 242 | 210 | −581 | −184 | 1 | 109 | 473 | 94 | 44 | −670 | 421 | 222 | −490 | −312 | −843 | −907 |
| Diluted EPS | −$3.39 | −$0.76 | $2.26 | $2.03 | −$7.44 | −$2.34 | $0.01 | $1.19 | $5.07 | $0.93 | $0.37 | −$5.00 | $2.48 | $1.29 | −$3.22 | −$2.05 | −$5.83 | −$6.81 |
| Diluted shares (average) | 78m | 78m | 107m | 104m | 78m | 78m | 91m | 91m | 93m | 100m | 118m | 134m | 176m | 177m | 152m | 152m | 145m | 133m |
| EBITDA | −0 | 366 | 711 | 631 | −120 | 524 | 727 | 814 | 713 | 903 | 986 | −44 | 1,404 | 1,542 | −255 | 506 | −227 | −102 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,639 | 1,669 | 1,673 | 1,765 | 1,717 | 1,806 | 1,779 | 1,857 |
| General and administrative | 393 | 398 | 403 | 410 | 418 | 403 | 428 | 441 |
| Operating income | 68 | −48 | 43 | 78 | −776 | −18 | 97 | 132 |
| Interest expense | 123 | 121 | 120 | 108 | 110 | 109 | 108 | 108 |
| Income before tax | −35 | −149 | 159 | −12 | −860 | −108 | 6 | 40 |
| Income tax | 3 | −15 | 48 | 6 | 5 | −35 | 9 | 7 |
| Net income | −37 | −133 | 112 | −17 | −865 | −73 | −2 | 33 |
| Diluted EPS | −$0.24 | −$0.88 | $0.68 | −$0.12 | −$6.03 | −$0.63 | −$0.02 | $0.24 |
| EBITDA | 176 | 59 | 151 | 188 | −662 | 97 | 214 | 250 |
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