Penn National Gaming Reports Fourth Quarter Revenues of $1.34 Billion, Net Loss of $92.9 Million, Adjusted EBITDA of $304.0 Million, and Adjusted EBITDAR of $399.4 Million

Go back to Penn National Gaming Reports Fourth Quarter Revenues of $1.34 Billion, Net Loss of $92.9 Million, Adjusted EBITDA of $304.0 Million, and Adjusted EBITDAR of $399.4 Million

Penn National Gaming (PENN) Misses Q4 EPS by $1.17, Revenues Miss; Provides FY20 Fiscal Outlook

February 6, 2020 7:09 AM EST

Penn National Gaming (NASDAQ: PENN) reported Q4 EPS of ($0.80), $1.17 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.35 billion.

2019 Fourth Quarter Financial Highlights:

Revenues of $1.34 billion, an increase of $185.9 million year over year;Net loss of $92.9 million and net loss margin of 6.9%, principally driven by $173.1 million of impairment losses, as compared to net loss of $42.0 million and net loss margin of 3.6% in the prior year;Adjusted EBITDA of $304.0 million, a decrease of $16.1 million year over year;Adjusted EBITDAR... More