Q4 2025 PENN Entertainment Inc Earnings Call Transcript
Key Points
- PENN Entertainment Inc (PENN) reported year-over-year growth in retail adjusted EBITDA, despite poor weather conditions in December.
- The company successfully rebranded its US online sportsbook to the Score Bet, achieving positive adjusted EBITDA in December.
- PENN Entertainment Inc (PENN) expects to generate year-over-year segment adjusted EBITDAR growth of 20% in 2026.
- The company plans to open two more retail growth projects by the end of the second quarter, with continued momentum at two projects opened last year.
- PENN Entertainment Inc (PENN) anticipates generating more than $3 per share of free cash flow in 2026, enabling significant deleveraging and capital returns to shareholders.
- Bad weather in December negatively impacted segment adjusted EBITDA by approximately $7 million.
- The retail segment faced challenges from new supply in markets such as Bossier City, New Orleans, and Council Bluffs, impacting performance.
- The Interactive segment reported an adjusted EBITDA loss of $39.9 million in the fourth quarter.
- PENN Entertainment Inc (PENN) expects some downtime in the second quarter of 2026 due to the opening of the new land-based facility in Aurora.
- The company anticipates small adjusted EBITDA losses in the first three quarters of 2026 for the Interactive segment, with profitability expected only in the fourth quarter.
Greetings and welcome to the PENN Entertainment Fourth Quarter 2025 Earnings Call. I would now like to turn the conference over to Joe Jaffoni, Investor Relations. Please go ahead.
Thank you, Nicky. Good morning, everyone, and thank you for joining PENN Entertainment's 2025 Fourth Quarter Conference Call. We'll get to management's comments and presentation momentarily as well as your Q&A. During the Q&A session, we ask that everyone please limit themselves to one question and one follow-up. Now I'll review the safe harbor disclosure.
Please note that today's discussion contains forward-looking statements. Forward-looking statements involve risks, assumptions and uncertainties that could cause actual results to differ materially. For more information, please see our press release for details on specific risk factors. It's now my pleasure to turn the call over to the company's CEO, Jay Snowden.
Jay, please go ahead.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
