PENN Q2 2023 Earnings — PENN Entertainment, Inc. Revenue & Financial Results | Market Cap Arena

PENNPENN Entertainment, Inc.

$2B

Q2 2023 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$1.7B+2.9% YoY

Gross Profit

$696M41.6% margin

Operating Income

$206M12.3% margin

Net Income

$78M4.7% margin

EPS (Diluted)

$0.47

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

$176M

Free Cash Flow

$95M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$17.0B

Total Liabilities

$12.8B

Stockholders' Equity

$4.2B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.6B	+2.9%
Gross Profit	$696M	$727M	-4.1%
Operating Income	$206M	$302M	-32.0%
Net Income	$78M	$26M	+199.2%

Revenue Segments

Casino

$1.3B77%

Product and Service, Other

$148M9%

Food and Beverage

$103M6%

Occupancy

$64M4%

Advertising

$46M3%

Retail

$21M1%

Geographic Segments

Northeast Segment

$688M41%

South Segment

$308M18%

Midwest Segment

$293M17%

Interactive Segment

$258M15%

West Segment

$130M8%