Interactive division sets new record for Penn Entertainment, contributing to robust Q2 earnings
Penn Entertainment Reports Q2 2025 Financial Results
Penn Entertainment, a leading entertainment and gaming company, has released its financial results for the second quarter of 2025. The company reported a strong performance in its retail segment, with revenues of $1.4 billion and an adjusted EBITDAR of $489.6 million (33.8% margin).
CEO Jay Snowden expressed his satisfaction with the performance of the retail segment, noting its record-breaking results. He also reiterated his team's commitment to repurchasing at least $350 million of shares. During the quarter, Penn Entertainment repurchased 5,835,467 shares of its common stock for a total of $90.3 million, implying an average price of $15.47 per share.
The interactive segment, while showing strong revenue growth, reported an adjusted EBITDA loss of $62.0 million. The segment generated record revenues of $316.1 million (including a $137.9 million tax gross-up). The revenue growth was driven by product enhancements and a growing omnichannel ecosystem. Approximately 70% of the gaming revenue in the interactive segment came from users that are newly acquired, retail native, or reactivated.
Despite the loss, Snowden expressed optimism for the interactive segment, citing the continued investment and operational adjustments as necessary for future growth. He also highlighted the introduction of new engagement features, such as the FanCenter, to the ESPN BET app in Q2 2025.
Overall, Penn Entertainment posted total revenues of approximately $1.765 billion, a 6.1% year-over-year growth, and a net loss of $18.3 million for the quarter. As of June 30, 2025, the company reported total liquidity of $1.2 billion, including $671.6 million in cash and cash equivalents.
Looking ahead, Penn Entertainment is set to hold the opening of its new Hollywood Casino in Joliet on August 11. The company's outstanding debt as of June 30, 2025, was $2.1 billion.
For more information, visit Penn Entertainment's official website.
[1] Penn Entertainment Q2 2025 Earnings Release [2] Penn Entertainment Q2 2025 Investor Presentation [3] Penn Entertainment Q2 2025 Earnings Call Transcript [4] Penn Entertainment Q2 2025 Financial Statements [5] Penn Entertainment Q2 2025 Press Release
- Despite the loss in the interactive segment, Penn Entertainment's CEO, Jay Snowden, is optimistic about its future growth, as they continue to invest in new technology, such as introducing new engagement features like the FanCenter to the ESPN BET app.
- In line with its commitment to financial growth, Penn Entertainment also plans to explore opportunities in the technology-driven finance sector, with the upcoming opening of its new Hollywood Casino featuring state-of-the-art gaming and financing options.
