PENN Entertainment, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 07:01 am
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PENN Entertainment, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,036.3 million compared to USD 1,267.4 million a year ago. Revenue was USD 1,395.4 million compared to USD 1,585.6 million a year ago. Net loss was USD 358.1 million compared to net income of USD 20.8 million a year ago. Basic loss per share from continuing operations was USD 2.37 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 2.37 compared to diluted earnings per share from continuing operations of USD 0.13 a year ago.
For the full year, sales was USD 4,905.8 million compared to USD 5,201.7 million a year ago. Revenue was USD 6,362.9 million compared to USD 6,401.7 million a year ago. Net loss was USD 490 million compared to net income of USD 222.1 million a year ago. Basic loss per share from continuing operations was USD 3.22 compared to basic earnings per share from continuing operations of USD 1.37 a year ago. Diluted loss per share from continuing operations was USD 3.22 compared to diluted earnings per share from continuing operations of USD 1.29 a year ago.
PENN Entertainment, Inc. is a provider of integrated entertainment, sports content and casino gaming experiences. The Company operates over 43 properties in 20 states, online sports betting in 18 jurisdictions and iCasino in five jurisdictions, under a portfolio of brands, including Hollywood Casino, LâAuberge, ESPN BET, and theScore Bet Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment include Ameristar East Chicago, Hollywood Casino Columbus, Hollywood Casino at Greektown, and Hollywood Casino at PENN National Race Course. The South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and LâAuberge Baton Rouge. The West segment include Ameristar Black Hawk, M Resort, and Zia Park Casino. The Midwest segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. Its Interactive segment includes online sports betting, iCasino and online social gaming operations.