PENN Entertainment, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 11:00 am
Share
PENN Entertainment, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 1,317.5 million compared to USD 1,256.2 million a year ago. Revenue was USD 1,625 million compared to USD 1,511.8 million a year ago. Net income was USD 123.5 million compared to USD 86.1 million a year ago. Basic earnings per share from continuing operations was USD 0.78 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 0.52 a year ago.
For the nine months, sales was USD 3,934.3 million compared to USD 3,643.7 million a year ago. Revenue was USD 4,816.1 million compared to USD 4,332.5 million a year ago. Net income was USD 201.3 million compared to USD 375.8 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to USD 2.4 a year ago. Diluted earnings per share from continuing operations was USD 1.15 compared to USD 2.24 a year ago.
PENN Entertainment, Inc. is a provider of integrated entertainment, sports content and casino gaming experiences. The Company operates over 43 properties in 20 states, online sports betting in 18 jurisdictions and iCasino in five jurisdictions, under a portfolio of brands, including Hollywood Casino, LâAuberge, ESPN BET, and theScore Bet Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment include Ameristar East Chicago, Hollywood Casino Columbus, Hollywood Casino at Greektown, and Hollywood Casino at PENN National Race Course. The South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and LâAuberge Baton Rouge. The West segment include Ameristar Black Hawk, M Resort, and Zia Park Casino. The Midwest segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. Its Interactive segment includes online sports betting, iCasino and online social gaming operations.