Penn National Gaming (PENN) Misses Q4 EPS by 30c, Offers Guidance
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PENN Entertainment Reports Fourth Quarter Results
February 2, 2023 7:00 AM ESTWYOMISSING, Pa.--(BUSINESS WIRE)-- PENN Entertainment, Inc. (PENN or the Company) (Nasdaq: PENN) today reported financial results for the three months and year ended December 31, 2022.
2022 Fourth Quarter Highlights:
Revenues of $1.6 billion, an increase of 0.8% year-over-year; Net income of $20.8 million and net income margin of 1.3%, as compared to net income of $44.8 million and net income margin of 2.8% in the prior year; Adjusted EBITDAR of $468.3 million, a decrease of 2.5% year-over-year; Adjusted EBITDA of $438.3 million an increase of 18.8% year-over-year; and Adjusted... More