Penn Spending Less On Its Sportsbook Since Ditching ESPN For theScore — And Getting More Revenue In Return [Yahoo! Finance]
Penn National Gaming, Inc. (PENN)
Last penn national gaming, inc. earnings: 2/6 07:00 am
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Source: Yahoo! Finance
InGame Penn Entertainment is spending less on its sports betting arm, but making more revenue in return since rebranding ESPN Bet to theScore Bet, CEO Jay Snowden said Thursday. In the company's full-year 2025 earnings call — the first since the Dec. 1 rebrand — Snowden said theScore Bet's performance is “right where we want to be.” Penn ended its deal to license the ESPN brand early, canceling the $2 billion partnership two years in after struggling to crack even 3% of the U.S. online sports betting market. The call followed Penn's 2025 results. The business sustained a net loss of $73.4 million during the year, compared to a $133.8 million loss a year earlier. The interactive arm reported a loss in terms of adjusted earnings before interest, tax, depreciation, and amortization, and rent (EBITDA) of $267.5 million. Snowden said that this arm of the business is expected to break even in 2026. Strong first two months for theScore Bet Penn provided additional insight into
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News
- 3 Profitable Stocks We're Skeptical Of [Yahoo! Finance]Yahoo! Finance
- PENN Entertainment (PENN) was upgraded by Benchmark Co. from "hold" to "buy". They now have a $21.00 price target on the stock.MarketBeat
- Hawthorne Race Course Files For Chapter 11 In Illinois [Yahoo! Finance]Yahoo! Finance
- PENN Entertainment (PENN) had its price target raised by Citigroup Inc. from $15.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- PENN Entertainment (PENN) was upgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=PENN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "stronMarketBeat
PENN
Earnings
- 2/26/26 - Miss
PENN
Sec Filings
- 3/4/26 - Form 3
- 3/4/26 - Form 3
- 3/3/26 - Form 4
- PENN's page on the SEC website