Penn National Gaming ( (PENN) ) has released its Q4 earnings. Here is a breakdown of the information Penn National Gaming presented to its investors.
PENN Entertainment, Inc. is a leading provider of integrated entertainment, sports content, and casino gaming experiences in North America, operating in 28 jurisdictions with a diverse portfolio of casinos, racetracks, and online sports betting and iCasino offerings.
In its latest earnings report, PENN Entertainment announced solid fourth-quarter results, highlighting a year-over-year revenue growth of nearly 3% in properties unaffected by new supply. The company also revealed plans to repurchase at least $350 million of shares in 2025, showcasing confidence in its future prospects.
Key financial metrics for the quarter included revenues of $1.4 billion and an Adjusted EBITDAR of $461.2 million, with margins at 33.1%. The Interactive segment showed significant improvements, with revenues reaching $275 million, driven by disciplined promotional strategies and growth in the online casino business. The company also reported a net loss of $133.8 million, an improvement from the previous year’s loss of $358.8 million.
PENN’s strategic focus remains on enhancing customer experiences and operational efficiency through technology, renovations, and cross-selling digital and retail engagements. The company continues to expand its digital offerings, including live streaming and new app launches, while maintaining a strong liquidity position with $1.7 billion in total liquidity.
Looking ahead, PENN Entertainment is optimistic about its growth opportunities in 2025 and beyond, driven by its omni-channel strategy and continued investment in digital and retail operations. The company remains committed to delivering value to shareholders through strategic initiatives and disciplined financial management.