PENN Q1 2024 Earnings — PENN Entertainment, Inc. Revenue & Financial Results | Market Cap Arena

PENNPENN Entertainment, Inc.

$2B

Q1 2024 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$1.6B-4.0% YoY

Gross Profit

$476M29.6% margin

Operating Income

-$21M-1.3% margin

Net Income

-$115M-7.1% margin

EPS (Diluted)

$-0.76

QoQ Revenue Growth

+15.2%

Cash Flow

Operating Cash Flow

-$69M

Free Cash Flow

-$110M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$15.6B

Total Liabilities

$12.5B

Stockholders' Equity

$3.1B

Cash & Equivalents

$926M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.7B	-4.0%
Gross Profit	$476M	$700M	-31.9%
Operating Income	-$21M	$199M	-110.7%
Net Income	-$115M	$514M	-122.3%

Revenue Segments

Casino

$1.3B78%

Product and Service, Other

$187M12%

Food and Beverage

$103M6%

Occupancy

$58M4%

Geographic Segments

Northeast Segment

$685M43%

South Segment

$299M19%

Midwest Segment

$291M18%

Interactive Segment

$208M13%

West Segment

$129M8%