PENN Q2 2022 Earnings — PENN Entertainment, Inc. Revenue & Financial Results | Market Cap Arena

PENNPENN Entertainment, Inc.

$2B

Q2 2022 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$1.6B+5.2% YoY

Gross Profit

$727M44.7% margin

Operating Income

$302M18.6% margin

Net Income

$26M1.6% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$212M

Free Cash Flow

$150M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$17.9B

Total Liabilities

$14.1B

Stockholders' Equity

$3.8B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.5B	+5.2%
Gross Profit	$727M	$776M	-6.4%
Operating Income	$302M	$378M	-20.0%
Net Income	$26M	$199M	-86.9%

Revenue Segments

Casino

$1.3B81%

Product and Service, Other

$129M8%

Food and Beverage

$101M6%

Occupancy

$72M4%

Geographic Segments

Northeast Segment

$685M42%

South Segment

$339M21%

Midwest Segment

$296M18%

Interactive Segment

$155M10%

West Segment

$154M9%