PENN Entertainment swings to Q1 loss despite revenue growth and narrowed interactive losses

Filed April 23, 2026 · Period ending April 23, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenues rose to $1.78 billion from $1.67 billion year-over-year, but net income swung to a $2.8 million loss from $111.5 million profit in Q1 2025, driven by higher operating expenses and absence of prior-year financing gain.

  Exhibit 99.1 verify on EDGAR →
• high

  Retail segment generated $1.4 billion in revenues with 33.2% Adjusted EBITDAR margins, posting the largest quarterly theoretical revenue growth in three years on increased visitation and spend per visit.

  Exhibit 99.1 verify on EDGAR →
• high

  Interactive segment narrowed Adjusted EBITDA loss to $10.8 million from $89.0 million year-over-year, with iCasino revenue up approximately 15% and standalone iCasino achieving record quarterly revenue in March.

  Exhibit 99.1 verify on EDGAR →