PENN Entertainment Reports Q3 2026 Growth with Revenue Reaching $1.84 Billion
PENN Entertainment reported strong third-quarter 2026 results, characterized by total revenue of $1.84 billion, up from $1.72 billion in the prior year. The growth was primarily driven by the Retail segment, which saw a 5% year-over-year increase to $1.5 billion due to improved same-store performance and higher rated spend per visit. Net income swung significantly to a profit of $32.6 million, compared to a massive loss in the previous year caused by impairment charges. The Interactive segment showed marked improvement, narrowing its Adjusted EBITDA loss to $18.3 million from a $76.6 million loss last year. While higher gaming tax rates in Illinois and unfavorable table game holds at the M Resort pressured margins, management raised full-year retail guidance for both revenue and Adjusted EBITDA. The company remains focused on de-risking its balance sheet, maintaining total liquidity of $2 billion.
Tickers: $PENN
Topics: Adjusted EPS Interactive Segment Improvement Net Income Turnaround Retail Segment Performance Revenue Growth