PENN Entertainment Posts Flat Overall Q4 Revenue — But Digital Division Turns Profitable

PENN Entertainment Posts Flat Overall Q4 Revenue — But Digital Division Turns Profitable PENN Entertainment Posts Flat Overall Q4 Revenue — But Digital Division Turns Profitable

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PENN Entertainment Inc. delivered mixed results from its retail and online sports betting sites in its fourth-quarter earnings report released on Thursday.
On the plus side, the legal sports betting operator posted Q4 revenue of $1.57 billion, a marginal 0.8% gain over the same period in 2021, but still enough to beat street estimates by $20 million.
Meanwhile, PENN reported FY22 revenues of $6.4 billion with an adjusted EBITDAR of $1.94 billion.
"As you can see from our earnings release and corresponding investor presentation, we wrapped up another solid year despite ongoing macroeconomic headwinds throughout the year," said PENN Entertainment...
Source: https://www.covers.com/industry/penn-entertainment-latest-revenue-report-shows-flat-q4-revenue-february-2-2023