Penn National Gaming (PENN) Tops Q3 EPS by 36c
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PENN Entertainment Reports Third Quarter Results
November 3, 2022 7:00 AM EDTWYOMISSING, Pa.--(BUSINESS WIRE)-- PENN Entertainment, Inc. (PENN or the Company) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2022.
2022 Third Quarter Highlights:
Revenues of $1.6 billion, an increase of 7.5% year-over-year; Net income of $123.2 million and net income margin of 7.6%, as compared to net income of $86.1 million and net income margin of 5.7% in the prior year; Adjusted EBITDAR of $471.9 million, a decrease of 1.7% year-over-year; Adjusted EBITDA of $440.4 million, an increase of 20.9% year-over-year;... More