Penn National Gaming Reports Third Quarter Revenues of $1.5 Billion, Net Income of $86.1 Million, Adjusted EBITDAR of $480.3 Million, and Adjusted EBITDA of $364.3 Million

Go back to Penn National Gaming Reports Third Quarter Revenues of $1.5 Billion, Net Income of $86.1 Million, Adjusted EBITDAR of $480.3 Million, and Adjusted EBITDA of $364.3 Million

Barstool Sports' Portnoy Comments on Report in Business Insider

November 4, 2021 2:48 PM EDT

Barstool Sports' Portnoy Comments on Report in Business Insider

My Response To The Business Insider Hit Piece That Has Been 8 Months In The Making (Part 1/2) pic.twitter.com/gwrO07uIEE

Dave Portnoy (@stoolpresidente) November 4, 2021

Penn National Gaming (NASDAQ: PENN) shares were down 20% following earnings and the reports about Portnoy.

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Penn National Gaming (PENN) Extends Decline, Down 19%

November 4, 2021 12:43 PM EDT

Penn National Gaming (NASDAQ: PENN) Extends Decline, Down 19%

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Penn National Gaming (PENN) Q3 Revenues Roughly In-Line

November 4, 2021 7:04 AM EDT

Penn National Gaming (NASDAQ: PENN) reported Q3 EPS of $0.52, which may not compare to the analyst estimate of $0.88. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.51 billion.

Adjusted EBITDA of $364.3 million, an increase of $20.7 million year over year and $52.7 million versus 2019;Adjusted EBITDAR of $480.3 million, an increase of $27.7 million year over year and $72.4 million versus 2019; andAdjusted EBITDAR margins of 31.8%, as compared to 40.1% in the prior year and 30.1% in 2019.

Jay Snowden, President and Chief Executive Officer, commented: We achieved many significant milestones in the... More