PENN Entertainment a leading operator in the gaming and entertainment industry, has released its annual 10-K report, providing a comprehensive overview of its financial performance, business operations, strategic initiatives, and the challenges it faces.

The report highlights the company’s efforts to expand its footprint through strategic partnerships and disciplined capital management, while navigating a highly competitive and regulated environment.

Financial Highlights: Total Revenues: $6,578.1 million, increased by 3.4% compared to the prior year, primarily due to an increase in gaming revenues at the Interactive segment.

Operating Income (Loss): $72.5 million, compared to a loss of $690.2 million in the prior year, reflecting improved operational efficiency.

Net Income (Loss): $(313.3) million, compared to a loss of $(491.4) million in the prior year, indicating a reduction in net loss. Net Income (Loss) Margin: (4.8)%, improved from (7.7)% in the prior year, showing better cost management and operational performance.

Jay Snowden, Chief Executive Officer and President, said: “PENN’s fourth quarter property-level operating results reflect solid performance, as properties not impacted by new supply generated nearly 3% year-over-year revenue growth.

Despite well-known, customer friendly sports betting outcomes during the quarter, our Interactive segment delivered significant year-over-year improvements in revenue and Adjusted EBITDA driven by our disciplined promotional strategies and accelerated growth in our online Casino business. The success in our iCasino business is bolstered by the continued strong momentum from the recent launches of our standalone Hollywood Casino app in Pennsylvania  and Michigan.

We are excited by the opportunities that lie in front of us in 2025 and into 2026 in all aspects of our business and are announcing this morning our intent to repurchase at least $350 million
of shares this year.