PENN Entertainment reported fourth quarter of revenue of $1.81 billion, shares of the company rose 4.31% in pre-market trading following the results, reflecting positive investor sentiment toward the earnings beat despite the revenue shortfall.

For the year, the company reported a loss of $843.1 million, or $5.83 per share. Revenue was reported as $6.96 billion. Revenue for the quarter increased 8% YoY from $1.67 billion in the prior year period.

The company’s retail property segment generated $1.4 billion in revenue with segment adjusted EBITDAR of $456.4 million.  Weather events in December negatively impacted segment adjusted EBITDAR by approximately $7.0 million. 

The Interactive segment posted revenue of $398.7 billion, including a tax gross-up of $182.7 million, with an adjusted EBITDA loss of $39.9 million, an improvement from a loss of $109.8 million in the prior year quarter.

“PENN’s diversified retail portfolio delivered a solid quarter during which retail adjusted EBITDAR grew year-over-year, after adjusting for poor weather in December,” said Jay Snowden, Chief Executive Officer and President. “In our Interactive segment, we successfully rebranded our U.S. online sportsbook to theScore Bet and achieved positive adjusted EBITDA in December driven by iCasino momentum, disciplined cost management, and strong online sports betting hold rates.”

For 2026, PENN expects segment adjusted EBITDAR growth of 20% YoY.