• Home
  • keyboard_arrow_right Penn Entertainment Posts Positive Q3 Report

Penn Entertainment Posts Positive Q3 Report

November 4, 2022 3


Background
share close

Penn Entertainment Posts Positive Q3 Report

Penn Entertainment has just unveiled their Q3 report and the numbers are way up, showing an annual net income increase of 43% to $123.2 million from the prior year of $86.1 million. The company reported $1.6 billion in revenue up 7.5%. Penn is crediting its increase in revenue to adjusted EBITDA results including the Kansas launch as well as a successful media campaign in Ontario. Snowden elaborated on the Ontario strategy stating, “In Ontario, we are enjoying early success during our first football season while benefitting from theScore Bet’s seamless transition to our own fully-integrated, proprietary tech stack.”

Rate it
Previous post

Subscribe Newsletter