PENN Entertainment, Inc. — Third Quarter 2026 Earnings Summary

PENN Entertainment, Inc. reported third-quarter 2026 results featuring $1.84 billion in total revenue and a net income of $32.6 million, a significant turnaround from the $865.1 million net loss recorded in the same period of 2025. The Retail segment achieved record revenue of $1.5 billion with an Adjusted EBITDAR margin of 33.7%, while the Interactive segment reduced its Adjusted EBITDA loss to $18.3 million from $76.6 million a year prior. The company's liquidity stood at $2.0 billion as of September 30, 2026, with traditional net debt decreasing to $1.8 billion, reflecting continued balance sheet deleveraging.