PENN Q3 2023 Earnings — PENN Entertainment, Inc. Revenue & Financial Results | Market Cap Arena

PENNPENN Entertainment, Inc.

$2B

Q3 2023 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$1.6B-0.3% YoY

Gross Profit

$649M40.1% margin

Operating Income

-$786M-48.6% margin

Net Income

-$725M-44.8% margin

EPS (Diluted)

$-4.80

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$217M

Free Cash Flow

$137M

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$16.2B

Total Liabilities

$12.7B

Stockholders' Equity

$3.5B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.6B	-0.3%
Gross Profit	$649M	$668M	-2.8%
Operating Income	-$786M	$137M	-675.3%
Net Income	-$725M	$124M	-686.9%

Revenue Segments

Casino

$1.3B77%

Product and Service, Other

$161M10%

Food and Beverage

$105M6%

Occupancy

$71M4%

Advertising

$20M1%

Retail

$12M1%

Geographic Segments

Northeast Segment

$687M42%

South Segment

$308M19%

Midwest Segment

$293M18%

Interactive Segment

$196M12%

West Segment

$135M8%