Penn National Gaming (PENN) Tops Q1 EPS by 28c, Revenues Beats

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Go back to Penn National Gaming (PENN) Tops Q1 EPS by 28c, Revenues Beats

Penn National Gaming Reports First Quarter Revenues of $1.27 Billion, Net Income of $90.9 Million, Adjusted EBITDAR of $447.0 Million, and Adjusted EBITDA of $336.6 Million

May 6, 2021 7:00 AM EDT

- PENN Generated First Quarter Net Income Margin of 7% and Record First Quarter Adjusted EBITDAR Margin of 35%, Benefiting from Strong Demand at Land-Based Casinos and More Efficient Cost Structure -

- Focus Remains on Driving Profitable Online Gaming Revenue with Q1 Launches in Michigan and Illinois -

WYOMISSING, Pa.--(BUSINESS WIRE)-- Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) today reported financial results for the three months ended March 31, 2021.

Jay Snowden, President and Chief Executive Officer, commented: Penn National... More