PENN Q1 2023 Earnings — PENN Entertainment, Inc. Revenue & Financial Results | Market Cap Arena

PENNPENN Entertainment, Inc.

$2B

Q1 2023 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$1.7B+7.0% YoY

Gross Profit

$700M41.8% margin

Operating Income

$199M11.9% margin

Net Income

$514M30.7% margin

EPS (Diluted)

$3.04

QoQ Revenue Growth

+5.5%

Cash Flow

Operating Cash Flow

$148M

Free Cash Flow

$85M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$17.0B

Total Liabilities

$12.9B

Stockholders' Equity

$4.2B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.6B	+7.0%
Gross Profit	$700M	$706M	-0.9%
Operating Income	$199M	$292M	-31.8%
Net Income	$514M	$52M	+896.9%

Revenue Segments

Casino

$1.3B79%

Product and Service, Other

$152M9%

Food and Beverage

$103M6%

Occupancy

$54M3%

Advertising

$27M2%

Retail

$13M1%

Geographic Segments

Northeast Segment

$701M43%

South Segment

$315M19%

Midwest Segment

$291M18%

Interactive Segment

$208M13%

West Segment

$130M8%