Penn National Gaming (PENN) Q4 Revenues Beat; Announces $750M Buyback

Penn National Gaming (NASDAQ: PENN) reported Q4 EPS of $0.26, which may note compare to teh the analyst estimate of $0.54. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.5 billion.

• Adjusted EBITDAR of $480.5 million, an increase of $115.1 million year-over-year and $81.1 million versus 2019;
• Adjusted EBITDA of $369.0 million, an increase of $113.1 million year-over-year and $65.0 million versus 2019; and
• Adjusted EBITDAR margins of 30.6%, as compared to 35.6% in the prior year and 29.8% in 2019.

Board of Directors Authorizes $750 Million Share Repurchase Program

For earnings history and earnings-related data on Penn National Gaming (PENN) click here.

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