PENN Q2 2024 Earnings — PENN Entertainment, Inc. Revenue & Financial Results | Market Cap Arena

PENNPENN Entertainment, Inc.

$2B

Q2 2024 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$1.7B-0.7% YoY

Gross Profit

$572M34.4% margin

Operating Income

$75M4.5% margin

Net Income

-$27M-1.6% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

+3.5%

Cash Flow

Operating Cash Flow

$150M

Free Cash Flow

$62M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$15.5B

Total Liabilities

$12.5B

Stockholders' Equity

$3.1B

Cash & Equivalents

$878M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.7B	-0.7%
Gross Profit	$572M	$696M	-17.8%
Operating Income	$75M	$206M	-63.7%
Net Income	-$27M	$78M	-134.3%

Revenue Segments

Casino

$1.3B80%

Product and Service, Other

$161M10%

Food and Beverage

$105M6%

Occupancy

$65M4%

Geographic Segments

Northeast Segment

$696M42%

South Segment

$298M18%

Midwest Segment

$298M18%

Interactive Segment

$233M14%

West Segment

$135M8%