PENN® Entertainment
Operates casinos, racetracks, and digital betting across North America.
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Profile
Operates casinos and racetracks alongside online sports betting and iCasino across North American jurisdictions. Its retail base uses a loyalty program, while the digital business combines sports-media assets with a proprietary betting platform.
Operates casinos and racetracks alongside online sports betting and iCasino across North American jurisdictions. Its retail base includes a loyalty program, while the digital business combines sports-media assets with a proprietary betting platform.
The business grew from pari-mutuel racing into regional casinos through acquisitions, then added media and interactive betting capabilities. After ending the ESPN BET trademark arrangement, it rebranded the U.S. sportsbook as theScore Bet and identified Canadian assets and Hollywood iCasino as digital priorities.
Its organization combines retail, digital, data, cloud, and security capabilities to support omnichannel businesses.
Company facts
Categories
Key statistics
Year to date +16.9% · Average volume (30d) 2.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Mizuho Securities | Target | $22 | $28 | ||
| Aug 7, 2026 | Jefferies | Reiterate | Hold | $17 | $22 | |
| Aug 7, 2026 | Macquarie | Reiterate | Outperform | $80 | $25 | |
| Jul 23, 2026 | Capital One Financial | Target | $26 | |||
| Jul 23, 2026 | Citigroup | Upgrade | Outperform | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.37 | $0.25 | −33.1% | $1.86B | $1.86B | −0.2% | +2.60% |
| Apr 23, 2026Q1 FY26 | $0.05 | $0.11 | +120.0% | $1.75B | $1.78B | +1.7% | −0.12% |
| Feb 26, 2026Q4 FY25 | −$0.23 | $0.07 | +130.4% | $1.76B | $1.81B | +2.6% | +6.83% |
| Nov 6, 2025Q3 FY25 | −$0.10 | −$0.22 | −120.0% | $1.76B | $1.72B | −2.4% | −0.75% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.67B | $1.77B | $1.72B | $1.81B | $1.78B | $1.86B | |
| Gross profit | $553.8M | $502.8M | $580.7M | $490.4M | $524.8M | $131.7M | |
| Operating income | $42.8M | $92.5M | −$776.4M | $89.4M | $97.1M | $131.7M | |
| Net income | $111.8M | −$17.4M | −$864.6M | −$73.0M | −$2.3M | $33.1M | |
| Diluted EPS | $0.67 | −$0.12 | −$6.03 | −$0.55 | −$0.02 | $0.24 | |
| Gross margin | 33.1% | 28.5% | 33.8% | 27.2% | 29.5% | 7.1% | |
| Operating margin | 2.6% | 5.2% | -45.2% | 4.9% | 5.5% | 7.1% |
Fiscal years (4-quarter sums)FY21 $5.91B · FY22 $6.40B · FY23 $6.36B · FY24 $6.58B · FY25 $6.96B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $887.2M · Total debt $6.81B · Total assets $14.07B · Shareholders' equity $1.86B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 133.74M · Float 124.91M · 93.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 19.22M | 14.37% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 10.23M | 7.65% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 6.89M | 5.15% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 5.99M | 4.48% | 13F | Aug 13, 2026 |
| Dme Capital Management, LP | 5.86M | 4.38% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 2, 2026 | Jane Scaccetti | director | +8,000 | $15.09 |
| Nov 21, 2025 | Felicia Hendrix | officer: EVP and CFO | +7,315 | $13.79 |
| Nov 17, 2025 | David A. Handler | director | +20,000 | $14.25 |
| Nov 14, 2025 | Gupta Vimla Black | director | −7,987 | $14.51 |
| Nov 7, 2025 | Jay A. Snowden | director, officer: CEO and President | +34,700 | $14.32 |
Peers
- Flutter Entertainment
FanDuel leads U.S. online sportsbook and iGaming
- DraftKings
Digital sportsbook and iGaming overlap across U.S. markets
- Caesars Entertainment
Large domestic casino network with sportsbook and iGaming
- MGM Resorts International
Casino-resort operator with BetMGM online wagering
- Boyd Gaming
Geographically diversified regional casino and interactive operator
- Rush Street Interactive
BetRivers and PlaySugarHouse overlap in online gaming
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PENN® Entertainment | $17.36 | +0.03% | $2.32B | — | 11.9 | 0.3 | +5.2% |
| Flutter Entertainment | $101.53 | −0.24% | $17.66B | — | 16.4 | 1.0 | +3.3% |
| DraftKings | $25.27 | +0.09% | $12.53B | — | 43.1 | 2.0 | −4.6% |
| Caesars Entertainment | $29.74 | +0.02% | $6.06B | — | — | 0.5 | +3.0% |
| MGM Resorts International | $42.20 | −0.13% | $10.64B | 25.6 | 25.7 | 0.6 | +1.1% |
| Boyd Gaming | $79.95 | +0.63% | $5.77B | 3.5 | 10.7 | 1.4 | +0.0% |
| Rush Street Interactive | $26.41 | 0.00% | $6.54B | 90.2 | 35.0 | 4.8 | +46.3% |
| Median | 25.6 | 25.7 | 1.2 | +2.0% |