Penn Entertainment Shows Strong Growth in Q2 with Interactive Segment Achieving New Heights

Financial Performance Overview for Q2 2025

Penn Entertainment, a leading American gaming company, has released its financial results for the second quarter of 2025, showcasing notable improvements in revenue and earnings before interest, taxes, depreciation, amortization, and rent (EBITDAR). The company also successfully reduced its net loss compared to the previous year.

Record Revenues Driven by Interactive Segment

During Q2 2025, Penn Entertainment reported total revenue nearing $1.8 billion, reflecting a growth from $1.7 billion recorded in the same quarter last year. This total included $1.4 billion generated from retail properties and $316.1 million from the interactive segment.

The adjusted EBITDAR for the company rose to $240 million. The retail property division achieved an adjusted EBITDAR of $489.6 million, with strong margins at 33.8%. Conversely, the interactive segment experienced an adjusted EBITDA loss of $62 million.

The company succeeded in narrowing its net loss to $18.3 million in Q2 2025, down from $27.1 million in Q2 2024. Earnings per share also improved, with diluted loss per share decreasing from $0.18 to $0.12 over the year.

As of June 30, 2025, Penn Entertainment held total liquidity of $1.2 billion, which included $671.6 million in cash and cash equivalents. The company’s outstanding debt remained at $2.1 billion.

During the quarter, Penn repurchased 5,835,467 shares of its common stock for $90.3 million, at an average price of $15.47 per share. In total, for the first six months of 2025, the company bought back 7,249,349 shares in the open market amounting to $115.3 million, averaging $15.90 per share.

CEO Jay Snowden Comments on Performance and Future Plans

Jay Snowden, Penn Entertainment’s president and CEO, commented on the quarterly results, highlighting a year-over-year increase of approximately 4% in demand across the company’s retail segment. He noted consistent growth in revenue across all key customer demographics.

Snowden also announced the upcoming opening of the new Hollywood Casino in Joliet, scheduled for August 11, emphasizing the company’s ongoing expansion efforts.

Focusing on the interactive segment, CEO Snowden celebrated record revenues driven by the expanding Hollywood iCasino application. He mentioned that about 70% of gaming revenue was contributed by customers who were new, retail natives, or returning users. Moreover, enhancements to the ESPN BET app continue to boost user engagement with added features like the FanCenter.

In closing, Snowden expressed satisfaction with both the retail segment’s steady growth and the interactive division’s outstanding achievements. He reaffirmed the company’s commitment to its share repurchase program, aiming to buy back a minimum of $350 million worth of stock.