Penn Entertainment posts $1.66bn in Q4 revenue
The CEO said the company reported solid results.
Key Points
- The company plans to repurchase at least $350m of shares this year
- Penn reported year-over-year revenue growth
Penn Entertainment has published its financial and business results for the fourth quarter and for the 2024 fiscal year.
Total revenue across its five segments reached more than $1.66bn for the fourth quarter and $6.57bn for the year.
The company reported 3% year-over-year revenue growth.
Q4 2023
Q4 2024
However, Penn Entertainment reported a net loss of $133m for the quarter and a net loss of $313m for the year.
Adjusted EBITDA totaled $461.2m for the fiscal year, with an adjusted EBITDA margin of 33.1%.
Company President and CEO Jay Snowden described Penn’s latest financial results as “solid” and said certain segments reflected significant improvements.
He commented, “Penn’s fourth quarter property-level operating results reflect solid performance, as properties not impacted by new supply generated nearly 3% year-over-year revenue growth.
“Despite well-known, customer friendly sports betting outcomes during the quarter, our Interactive segment delivered significant year-over-year improvements in revenue and Adjusted EBITDA driven by our disciplined promotional strategies and accelerated growth in our online Casino business.”
He also expressed the company’s excitement for the coming year.
Snowden said in closing, “The success in our iCasino business is bolstered by the continued strong momentum from the recent launches of our standalone Hollywood Casino app in Pennsylvania and Michigan.
“We remain focused on delivering further enhancements to our digital offerings this year, including live streaming in the ESPN BET app, Men’s NCAA Tournament Challenge integrations with ESPN and additional launches of our standalone iCasino app offerings. We are excited by the opportunities that lie in front of us in 2025 and into 2026 in all aspects of our business and are announcing this morning our intent to repurchase at least $350m of shares this year.”
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
